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Strategies & Market Trends : Value Investing

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From: Paul Senior4/19/2013 12:20:47 PM
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MS: I'll make an initial buy of Morgan Stanley here. Stock below tangible book value. Otoh, it has been so for many years, and the company can't seem to make any money off its bv. I like though that the company is emphasizing/growing its wealth management business -- I like this business in general, esp. if/as middle class increases world-wide.

bloomberg.com

"Morgan Stanley’s reputation as Wall Street’s weakest link is diminishing in debt markets as Chief Executive Officer James Gorman’s bet on a brokerage unit that has amassed $1.78 trillion in client assets starts to pay off."

I suspect (and will bet) that 18 months from now, MS's rep and business and stock will be better.

finance.yahoo.com
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