Report title: Bear Stearns Analyst Meeting Transcript
from Thomson StreetEvents
47 page (35828 word) report published Oct 04, 2007

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Abstract: Final Transcript of BSC corporate analyst meeting, 4-Oct-07 8:00am ET

Brief Excerpt: ...Welcome, everybody, and thank you for joining us today. I'm Jimmy Cayne, CEO, Chairman of the Company. Following our third-quarter earnings announcement, which was devoted to discussing the quarter, we thought it would be helpful for you to hear from our senior leadership team in some depth about the firm's outlook, especially in fixed income and in BSAM. In a challenging credit environment we made money in the third quarter and are now seeing most of our businesses beginning to rebound. The question is how we will make money going forward in the new environment. Despite a bad quarter, the fact is that our franchise is strong, our business model is intact and our many talented and terrific people are totally committed to Bear Stearns. We're confident of our future and our business and we see compelling value in our own stock. In our earnings release, we announced a $2.5 billion share buyback, of which up to $1 million of stock will be purchased above and beyond what we need to fund the...

Report Type: Transcript
Source: Thomson StreetEvents
Company: Bear Stearns
Ticker: BSC
Time: 8:00am ET
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