Morgan Stanley (MS)

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Morgan Stanley has taken a HUGE beating lately. It now trades at approximately 6x next year's earnings. This is historically cheap cheap cheap. I'm very tempted to dip my feet in and buy some for the long term.

It's very rare to be able to purchase a big financial at such a depressed price.

You know what they say buy when everyone else is selling. Is there any risk in doing this? Yup! Nobody knows how severe the credit crunch is but I'm in it for the long term.

Looking at scooping up 100 shares on Monday around $52. Anything around there is an excellent entry point in my opinion!

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