The much needed white knight has come. But, I am not sure that Sterne Agee is prepared to pay up what would clearly be needed to take out this company. I think they are seeking a real deal. But, based on what the CEO just said on the SWS earnings call....that things are on a better track and should get better over the coming quarters...why would they sell it here? Accepting this offer would be a sign of desperation. The book value is much higher than this level. I think that SWS would need a bidding war to break out to get a higher price. Otherwise, they should just stay on their own if things are truly getting better as they say.