Morton Fox (mortonfox) wrote,
Morton Fox

A now-infrequent trip to Palisades Center

Queens Crossing

Well, surprise, Qdoba sent me a gift certificate for chips and queso. I actually got it a while ago but I waited until there were a few things I needed to do at the mall because with gas prices nowadays, it isn't worth going there just for food. Anyway, I had their chips and queso. I also got a chicken taco salad because I hadn't had that in a long time. (Sounds healthy but there's not much salad in there. :) ) I really want to give that restaurant another chance but service was and still is rather meh. They don't look like they want to be there and I can't say I blame them either.

I still have to try the new Buffalo Wild Wings in Palisades Center. I haven't done that because there was always something else on the itinerary every time I visited the mall. Maybe next time, whenever that is. On this trip, I also went to Target to browse the clearance rack. Found some $8.50 pants. Not as cheap as the $6 pants that was in clearance the last time but still a bargain and this time, they had more pairs in my size.

Speaking of bargains, JP Morgan bought Bear Stearns at $2 per share. Just before the weekend, BSC had been trading at $30/share. Seeing as how Bear Stearn's Manhattan headquarters alone is worth 4 times what JP Morgan will pay for the entire company, it's hard to believe that they didn't try an asset sale first to raise funds. So there must be some things, maybe too embarrassing or scandalous, that they're not revealing. This deal is still contingent on shareholder approval and I would expect them to object. If they don't, check their pulses. In any case, it is obvious that fundamentals of large investment banks are highly suspect and their stocks are subject to manipulation, so I'm not long or short any of them. I'm just staying away.
Tags: credit crunch, mall, mexican, palisades center, qdoba, stocks

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