Morgan Stanley: Giordano expected no big jump in short term

Morgan Stanley Dean Writter issued a report on Giordano that Giordano posted as-expected 2000 earnings results with 30.9% growth in China market and 42% growth in Korea. Morgan Stanley rated Giordano as ˇ§mediumˇ¨ because its current price was 12.9 times P/E, which is a reasonable value, plus no special performance in short terms is expected..

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