Word: stanley
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Dates: during 2000-2009
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...Because earnings are so depressed, the price-to-earnings ratio on many stocks seems high--in the 20s or 30s. Still, some believe that the Japanese market represents the best deep-value play in a generation. For that reason Cyril Moulle-Berteaux, who runs an institutional fund for Morgan Stanley, has his most aggressive stock allocation in Japan. "Everybody who's had money to pull out of Japan has already done so," he says, noting that Japan is not just cheap but a low-risk contrarian...
...Medicaid services came to help the soon to be released begin the paperwork chase, he says. So when Sanders came out and started the process, he had to wait the customary 45 days to receive health care. Those first days are precarious ones, especially for recovering addicts. Says Stanley Bates, who grew up with Sanders and became a corrections officer at New York City's Rikers Island jail: "The system is designed to make these guys fail...
...been a fan of boxer Muhammad Ali's ever since I watched him defeat Sonny Liston on closed-circuit TV in 1964. Still, the compliments by essayist Stanley Crouch in your coverage of the new film Ali [CINEMA, Dec. 24] were, to put it gently, excessive. The closing paragraph is but one example: "Everything he did was big, when he was right, when he was wrong, when he embarrassed us, when he inspired us. That finally is why he remains a king of the world." Gracious! My guess is that Ali would get a chuckle when reading such nonsense. RICHARD...
...borne by all the Big Three: in a stagnant economy, overcapacity and intractable labor costs have obliterated profit margins. Meanwhile, the soaring value of the dollar against the yen is giving Detroit's Japanese competitors an even bigger advantage than they already have through more efficient operations. Says Morgan Stanley analyst Stephen Girsky: "When foreign manufacturers have 38% of the market, being the best of the Big Three isn't saying much anymore...
...road in several years. Meantime, the company faces daunting challenges. One is a testy relationship with the autoworkers' union. Another is that despite a hefty profit margin on trucks, GM's overall global operating margins last year were a paltry 1%, to Toyota's 7%, according to Morgan Stanley's Girsky. Today's weak yen worsens that situation by boosting Japan's dollar profits even further. GM's vast overseas operations, with the exception of its joint venture in China, remain a disparate amalgam of brands like Saab and Opel and partnerships with struggling automakers like Isuzu and Fiat...