Word: morgan
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...everyone is so gloomy. Barton Biggs, chief global strategist and longtime bear at Morgan Stanley, says the "lows should hold, but it will be scary." Richard Bernstein, market analyst at Merrill Lynch, expects the NASDAQ to drop to new lows. He sees the broader market avoiding that fate yet delivering subpar returns for the next few years. He and others are concerned that many stocks remain expensive relative to earnings. The S&P 500 trades at 28 times last year's earnings. A multiple of 18 to 20 would be normal coming out of a recession. Investors normally focus...
...company has so far sold 1 million books and Bibles. The books, including journals and fiction, are to regular religious literature what skateboarding is to skipping, and the imprint plays up the association with extreme sports. "Church has been made too easy," says Extreme's brand manager, Hayley Morgan. "Kids are looking for something they might fail at initially, but eventually get. The books are a call to action; they're like a coach. They're asking...
...Torrid is geared to selling trendy junior fashions and accessories (read: body jewelry) to customers who have never had this kind of choice: young women, ages 15 to 29, who wear sizes 14 to 26. "When you think fashionable, you think of young, sexy and fun," says Wedbush Morgan Securities analyst Elizabeth Pierce. "No one has wanted to put 'plus' into the same sentence. Torrid...
...Formerly a residential hotel, Hope Springs is a low-key and welcoming 10-room inn done over in an austere '50s style. Soak your tired feet in its flow-through system of three spring-fed mineral pools, and say hello to Hector, a wirehaired terrier rescued by manager Nancy Morgan from the surrounding desert. (The lobby fire pit, done over as a tile fountain, is Hector's unofficial water bowl.) Better yet, stay in town--at L'Horizon, where Marilyn Monroe always took Room 3C, or at Herbert Burns' 1957 Orbit In, which has been meticulously restored and impeccably decorated...
...yurt enthusiasts all over the world, who use them for anything from a stylish toolshed to a whimsical vacation home. Yurts even served as warming huts at the Winter Olympics in Salt Lake City. "We've seen this almost astronomical rise in demand for the structure," says a bemused Morgan Reiter, founder of Oregon Yurtworks, a 20-year veteran of the yurt business. "A lot of that just comes from a broadening of people's ideas about what they can live...