Morgan Stanley downgraded WM due to "poor fundamentals." Their earnings are suppose to grow 12% next year to $2.48. How is this "poor." I'm obviously missing something here. Can someone shed some light on this?
MS and GS are ruling the roosts right now, so volatility is king and will remain king until congress gets it right and there is legislation that could have an impact gradually on trading. You have to remain calm, it's not going to be an overnight process.
Keep up on your reading.
Morgan probaly wants to buy some on the cheap. In 2000 sold ALL my mutual funds and manage my own portfolios. I have done better on my own that most mutual funds. I'm well ahead on my own. Now, have you noticed that fund managers pump stocks when they are at highs?Also tells you to sell at their lows? If the fundamentals are good with the company like WM is. I suggest a buy is in order. I don't trust ANY anyalist or fund mgr. They pump and dump.
Downgraded to get the stock lower so his buddies can buy. Seems to happen all the time. Just look at walmart and there trouble in Mexico. Look what it did to that stock!! UP,UP and away. Not saying that will happen here but why the downgrade now. WM will probably go down from here because the whole market looks like it is going down too!
MS downgraded WM because of what's happened over the past 4 years in terms of lower waste volumes and costs of investments in trucks and waste-to-energy. Analysts are neither bright nor quick - look at the number of stocks that are downgraded near their lows or upgraded near their highs.
Obviously, no one can no for sure what will happen to WM in the future, but given the various waste to energy, stormwater runnoff, solar, and other initiatives they have going, I'd say the probabilities are good that this stock will yield a better-than average risk adjusted return over the forseeable future.