Teun Draaisma
Teun Draaisma
Teun Draaisma is the European equity strategist at Morgan Stanley. He was noticed when he warned investors to sell equities in June 2007, just before the credit crisis...
cyclical good offer optimistic playing
We're still optimistic on equities, we think they offer good value, and we're still playing the cyclical theme.
balance bigger cash companies deals debt financing hostile scope sheets smaller stuff year
A lot of companies have cash on their balance sheets and debt financing is very cheap, so there will be scope for more M&A. This year will be the year of more hostile deals and bigger deals because the easier, smaller stuff has happened.