Stockchase Opinions

David Burrows Bear Sterns BSC-N TOP PICK Apr 01, 2003

Has been strong and beating estimates. Should do well on any market improvement.
$67.340

Stock price when the opinion was issued

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BUY
Investment banking is back. Very high-margin business. Very attractive valuation. Likes Morgan Stanley, Goldman Sachs, Bear Sterns and Lehman Bros.
DON'T BUY
Big player in packaged mortgage industry. They’ve been pummelled. No interested in buying. No idea how deep the rot goes. There’s more bad stuff to come.
DON'T BUY
They are going to be bought by JP Morgan. (JPM-N) Look instead at JP Morgan.
TRADE
Thankfully we don’t own.
TRADE
Worth more money. At this level there’s a lot of speculation. J.P Morgan wins with any outcome