Downgrades of Investment Banks Look Hasty
Why are analysts so, so quick to downgrade? We caught a downgrade of Morgan Stanley (MS) and Goldman Sachs (GS) today, for example, and I thought it was totally fatuous. These stocks had been dogs in 2011, but business could be picking up right now, with the stock markets worldwide doing better and all of the banks in Europe restructuring.
We just got a hostile bid, this morning: Roche's bid for Illumina (ILMN). We have an IPO calendar that could get hot. We have tables of employment that are now rationalized, and we have lower expense structures. This is when you should be looking to buy them, not sell them....148 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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