Business Week Online notes that since billionaire investor Joe Lewis rode to Bear Stearns' rescue, the stock "has been in a death spiral." The nasty plunge on the news that Jimmy Cayne would step down was yet another slap. Lewis' 10 percent stake in the firm has plummeted from $1.2 billion to $840 million. Ouch. So what's he going to do? Some speculate he might mount a bid for the company. He has taken similar action before. But Business Week Online notes he would need at least another $4 billion. Another buyer might be a welcomed development, as long as the premium is right--which it might not be. He could end up with no choice but to bet on Alan Schwartz's ability to revive the firm.  

For more:
- here's the Business Week Online article