Sunday, March 25, 2007

Buy Morgan Stanley (MS)

Morgan Stanley 1Q profit up 69 percent (AP)

Early morning traffic passes the Morgan Stanley building in New York's Times Square in this Dec. 19, 2006 file photo. Morgan Stanley Inc., the second-biggest investment bank on Wall Street, said Wednesday, March 21, 2007 its fiscal first-quarter profit soared 69 percent on robust trading and strong advisory fees from stock and bond underwriting. (AP Photo/Mark Lennihan, file)AP - Morgan Stanley Inc., the second-biggest investment bank on Wall Street, said Wednesday its fiscal first-quarter profit soared 69 percent on robust trading and strong advisory fees from stock and bond underwriting.

Last Friday, its stock rose by almost 7% in reaction to the news.  Divergence however is still negative.  The stock has gone up to the area of its 52 week high, at 81.10.  Volume is also picking up.    The following is the stock's fundamental data according to Yahoo research:


VALUATION MEASURES 
Market Cap (intraday):85.06B
Enterprise Value (25-Mar-07)3:-180.81B
Trailing P/E (ttm, intraday):10.01
Forward P/E (fye 30-Nov-08) 1:9.81
PEG Ratio (5 yr expected):0.78
Price/Sales (ttm):2.51
Price/Book (mrq):2.60




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