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URL:  https://boards.fool.com/bears-book-value-was-something-like-70-a-share-33612564.aspx

Subject:  Re: The Bear - $2 A Share Date:  3/17/2008  12:38 AM
Author:  mandrake66 Number:  35788 of 623

Bear's book value was something like $70 a share. Of course, that's before all the margin calls. They were leveraged at a rate of something like 32 times their capital, which is worse than many hedge funds.
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