Bear Stearns fallout

StockMan69 said: "Bad day for BARROW, HANLEY MEWHINNEY & STRAUSS, INC. BARROW, HANLEY MEWHINNEY & STRAUSS, INC. is a private equity firm. As of December they were Bear Stearns largest institutional shareholder with a stake valued at about a billion dollars. Yesterday the whole company was bought for about 250 million. Imagine the huge writeoffs for this equity firms! [url]http://finance.yahoo.com/q/mh?s=BSC[/url] If you look at the holders you will see they had 8 major holders with over 250 million in shares."

Lagg-Alot said: "[SIZE="4"][B][COLOR="Blue"]If they were smart they bought PUTS to hedge their position.[/COLOR][/B][/SIZE]"

StockMan69 said: "[QUOTE=Lagg-Alot;65622][SIZE="4"][B][COLOR="Blue"]If they were smart they bought PUTS to hedge their position.[/COLOR][/B][/SIZE][/QUOTE] Could be. They claim to have 50 billion in assets so I assume they diversified. Can you explain how they would have done the PUTS deal?"