Morgan Stanley near 7 bucks a buy?
Is there anyone out there enticed by MS trading near 7 bucks? Maybe an opportunity to speculate at least in the short term on a pop in MS stock price next week?
Is there anyone out there enticed by MS trading near 7 bucks? Maybe an opportunity to speculate at least in the short term on a pop in MS stock price next week?
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http://www.quote.com/news/story.action?id=RTT810101150001063
[quote=Edmundo Braverman]http://www.quote.com/news/story.action?id=RTT810101150001063[/quote]
Would have been a great article if they didn't reference an analyst from Ladenburg Thalmann, whoever they are...
that analyst is media darling dick bove. he's all over the place.
I'm not touching Morgan Stanley.
Why in God's name would the Japanese continue with a deal that is priced at $25 a share when the stock is hovering around $7 or $8?
The Asians have already lost tons of money investing in financial institutions (BX for example).
This deal is going to have to be reworked or I think they pull the plug...I don't see Mitsu shareholders standing for anything different.
God knows how many people are pulling money out of the firm as we speak.
We might see a direct Fed infusion into Morgan this weekend or a potential sale.
lol Ladenburg Thalmann. LTS ticker.
Clueless Wanderer, please educate yourself first before wondering out-loud why the Japanese are willing to close this deal.
A good place to start might be here:
http://online.wsj.com/article/SB122363675892422697.html?mod=googlenews_…
It may also be useful to consider what the motivation of MUFG was in the first place and Mack's relationships in the region.
The next time you get that need to comment as if you are the authority do not.
Perhaps you should educate yourself: http://www.ft.com/cms/s/0/a9a6c794-98b3-11dd-ace3-000077b07658.html
As I said correctly, there was no way Mitsu was going to keep deal under its original terms. Now go away.
Ah, nice to see one with a pair on these boards... "... there was no way Mitsu was going to keep the deal under its original terms", that infers that MUFG were the ones who pushed for the deal to be changed. I'll give you three guesses who it was that proposed a deal that would allow the Japanese to save face. Think you can manage it? And if you're gonna tell me to "go away", at least throw an f-word in there somewhere.
Glad I didn't touch MS last week; figured it was just too risky. Interesting to see what happens tomorrow.
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