Not yet. They are on a good role. They will get a far better buyout price (if they go that route) if they wait another year or two at least. Morgan has successfully righted the ship, no reason to not wait it out a little bit so can get a better price later. Barring market meltdown, this thing should settle into the $11-$12 range by late year. My opinion.
See what I mean? We got this 20% bump to $11 without any need for buyout. This thing could ride up to $20 before we can start hoping for buyouts which can bring another 30% or more premium on top of this thing. =)
Beware though, given the general markets, this thing can short-term drop like a brick on very short notice. Expect volatility. Not because its a bad stock... but because fiscal cliff / debt ceiling / etc.