Quotes by Morgan Stanley

“We have limited information on the disaster. Our immediate focus and concern are for the well-being and safety of Morgan Stanley employees.”

“We continue to struggle to find attractive valuations in the sector, and, in contrast to last October, we feel short term drivers are turning negative rather than positive.”

“We now think that (U.S.) crude oil could reach $61 before a meaningful sell-off occurs. Long-term price patterns point to even higher prices.”

“With a weakening hedging profile, fuel costs will continue rising, and a slowing pace of saving on other costs will likely keep a lid on expectations for profitability.”

“We must work out if one year of increased spending is enough to boost growth and brand positioning, or will 2007 guidance come under further pressure.”

“(Extended) cash flow declined 12 percent year on year before investments, marking the first time the company has posted lower cash flow since the 1992 recession.”

“We have significantly increased our short-term and long-term commodity price forecasts to reflect our expectation of sustained tight markets and ongoing deficits in 2006.”

“We expect copper to surprise on the upside.”

“With this overlap in mind, (takeover) interest from third parties may well be limited.”

“Domestic demand has been nowhere close to strong or impressive.”