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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (9081)	6/18/2008 8:38:38 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71462

After inspection of the MS release I dumped the shares quickly for small loss. Turns out that asset sales masked a large earnings miss. The news were misleading: MS WOULD HAVE POSTED A LOSS of 400MM!! ADVERTISEMENT The nation's second-largest investment bank reported profit fell to $1.01 billion, or 95 cents per share, from $2.57 billion, or $2.45 per share, a year earlier. Revenue dropped to $6.51 billion from $10.52 billion last year. Morgan Stanley was able to beat Wall Street's already lowered expectations by raising $1.4 billion through asset sales, including its Spanish wealth management business. Analysts had expected a profit of 92 cents per share on revenue of $7.05 billion, according to Thomson Financial.