morgan stanley announcement, page-8

Hello Needle agree that the PE ratio is 5 and going forward 3 to 4 FY9.When I mentioned to other posters that this information was on page 24 of the presentation no one responded.I am actually an accountant so I know the numbers.I see value in ABS at the present price considering the PE ratio and the present market cap.Why would MS buy in 60% if they did not like what they see.ABS still retains 40%.