Seeking Alpha

"Two bums fighting over a cigarette butt," writes David Weidner of the recently-settled Morgan...

"Two bums fighting over a cigarette butt," writes David Weidner of the recently-settled Morgan Stanley (MS)/Citigroup (C) tussle over Smith Barney. Performing the obligatory who won, who lost analysis, Weidner says Citi probably got the short end, but given sluggish participation in equity markets (not to mention MS's particular issues), it's possible Morgan overpaid.
Comments (5)
  • reminiscence of times past (a la temps perdu)

     

    an existentialist riddle- what is black and white and green as it rolls down the beach?

     

    the forces of life and death fighting over a pickle.
    11 Sep 2012, 01:02 PM Reply Like
  • $13 billion "cigarette butt " !!!

     

    ha ha
    11 Sep 2012, 01:03 PM Reply Like
  • who the hell is david weidner and why should we care what he thinks or says?
    11 Sep 2012, 01:18 PM Reply Like
  • Especially when he talks about POS Citi.
    11 Sep 2012, 05:52 PM Reply Like
  • I've been a client of Morgan Stanley for a number of years. Lately I have been noticing a distinct lack of professionalism and what seems like a willingness to hide and ignore the clients inquries. I hope they are not taking a page from the Bear Stearns handbook. In the past months the company looks like it has been deteriorating, at least from the client's point of view. I normally look at fundamentals etc. When you are closer, you find an uneasyness that will make you raise an eyebrow. I sincerely hope my worry is misplaced. My problem is the professionals that I'm used to dealing with left........en masse.
    13 Sep 2012, 06:14 PM Reply Like
DJIA (DIA) S&P 500 (SPY)