We wrote extensively in the fall about the coming property collapse in China. Our visit to China last summer gave us the local data and anecdotes an investor looks for when expecting a massive change in a market. Property prices soared to tulip crazed prices throughout all of China. Local business owners confirmed to us [...]
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At least someone gets it. Welcome to hell Europe, welcome to hell. http://www.ukipmeps.org • European Parliament, Brussels, 14 February 2012 • Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group. • Debate: Oral question ECON: Commission – Feasibility of introducing stability bonds- O-000333/2011 – with resolution: http://www.europarl.europa.eu/sides/getDoc.do?type=OQ&reference=O-2011-00… Money-printing, central [...]
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FEBRUARY 09, 2012 GMT CIO Survey Slides IT Budgets Stabilize Download the complete report (65 pgs) Read Morgan Stanley Research anytime, anywhere iPad, iPhone, and Android: visit the Apple App Store or Android Market and download the Morgan Stanley Research app Kindle: click here to register and edit alerts you want sent to your Kindle [...]
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CSCO – Cisco Systems: FQ2’12 First Cut: Great Quarter, Better Guidance but Flat Revenue Guide Appears Cautious Overweight From JPMorgan: Click here for the full Alert and disclaimers. Cisco beat our FQ2’12 revenue forecast by 3% and was a full $0.04 ahead of our $0.43 EPS expectation. FQ3 guidance was also stronger than our [...]
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Technology Software & Services IBM 4Q results overall positive for the sector Download the complete report (8 pgs) IBM 4Q should reassure: Software was the star at IBM (covered by Katy Huberty) and combined with SAP’s 4Q should reassure investors. We believe that those with attractive products and who can execute will still do well. [...]
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Microsoft (MSFT.O) – Morgan Stanley MSFT Shrugs of PCs to Print Solid Q2, Focus Now CY12 Download the complete report (16 pgs) Q2 results were as expected while we see a number of catalysts ahead in CY12 including margin improvement, Windows 8 driving PCs higher in CYH2, greater capital returns and scaling in new businesses [...]
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IBM (IBM.N) – Morgan Stanley Market Share and Margins Deliver Positive EPS Surprise Download the complete report (12 pgs) IBM reported much stronger than expected 4Q11 results driven by stable services and middleware revenue growth and expanding services and software margins. Multiple expansion beyond 13x is unlikely in our view but consistent execution could push [...]
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Google (GOOG.O) – Morgan Stanley CQ4:11 results: Entering the post-Google era? Download the complete report (11 pgs) Google missed our/Street revenue expectations, and experienced an 8% Y/Y CPC decline. We lower our price target to $590 from $642. Our thoughts on 4Q and beyond: Is the post-Google era upon us? As Google introduces search improvements [...]
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Google (GOOG.O) – Morgan Stanley First Pass on CQ4:11 Download the complete report (6 pgs) Our take: We view Google results generally negatively, with strength in lower quality network revenue and weak CPC trends highlighting that Google may be stretching to drive growth. Key metrics include: (1) Paid click growth of 34% Y/Y exceeded our [...]
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Investment Mind
It’s the Debt – Elmo Style
by investmentmind on April 19, 2012
A graphical illustration anyone can understand. Source: http://acrossthestreetnet.wordpress.com/2012/04/17/elmo-tries-to-explain-the-national-debt-again/ Elmo Tries to Explain The National Debt (Again)
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