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Buffett Dumps Moody’s (MCO, BRK-A)
Buffett Dumps Moody’s (MCO, BRK-A)
Moody’s Corporation (NYSE: MCO) just got a rather interesting insider selling shares, none other than Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). The listed entities were Berkshire itself, National Indemnity, OBH, and GEICO. The new stake is down to 16.98% from roughly a ...
Banks Fail to Make Adequate Loan-Loss Provisions, Moody’s Says
bloomberg.com — July 20 (Bloomberg) -- Banks have failed to make adequate provision for the losses on loans and... securities they face before the end of next year, Moody’s Investors Service said. U.S. banks may incur about $470 billion of losses and writedowns by the ... (more) Banks Fail to Make Adequate Loan-Loss Provisions, ...
A look at the recovery
A look at the recovery
macroblog.typepad.com — Earlier this week my boss, Atlanta Fed President Dennis Lockhart, weighed in with his views about the... shape of the economic recovery to come while speaking at a meeting of the Nashville, Tenn., Rotary Club : "The economy is stabilizing and ... (more) A look at the recovery
California’s Bond Credit Rating Slashed by Moody’s (Update1)
bloomberg.com — July 14 (Bloomberg) -- California’s credit rating, the lowest of all U.S. states, was cut for the... second time in as many weeks amid lawmakers’ failure to close a $26 billion deficit that left the most-populous state issuing IOUs to creditors. Moody’s ... (more) California’s Bond Credit Rating Slashed by Moody’s (Update1)
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Thursday links: blog bashing
Abnormal Returns — ... While TA can be very helpful, it is actually money management that is what separates the eventual winners from the losers.”  (beanieville) Earnings aren’t everything.  Revenue continues to lag.  (Bespoke, Clusterstock) Warren Buffett has changed his mind about his Moody’s (MCO) position.  (Jeff Matthews also 24/7 Wall St., WSJ, FT Alphaville) ...

More Stocks For Buffett To Unload (BRK-A, MCO, COP, CEG, GCI, WPO, MTB, WBC)
24/7 Wall St. — ... How frequent is it that Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) have had to take media pricking about the lack of performance and the lackluster changes?  What was interesting to see is the recent stake being lowered in Moody’s Corp. (NYSE: MCO).  The only thing that was surprising to us was that it took the Oracle of Omaha this long to begin selling these shares.  Because he is such a large stakeholder, we do expect that he’ll always hold some shares.  Conversely, we think he’ll continue to lighten up his stake in Moody’s.  Along those lines, we reviewed the ...

Short Seller Presses Bet Against Ratings Agencies (MCO, MHP)
24/7 Wall St. — ... to be any significant changes for the company’s future.  That is of course conjecture, although it is a safe assumption considering that many who preside over an opening bell or closing bell have historically gotten access to many traders. From everything we have read regarding this issue, it seems that the ruling was a mixed ruling, albeit very negatively mixed,  because many other issues were not against the ratings agency.  It should be no secret why Warren Buffett has started lightening up in his giant stake of Moody’s. Furthermore, you know that the ratings agencies are ...

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calculatedriskblog.com 10/20/2009 — From Bloomberg: U.S. Commercial Property Values Fall 3% in August (ht James) The Moody’s/REAL Commercial Property Price Indices fell 3 percent in August from July, bringing the market’s decline to almost 41 percent since its peak in October 2007, ...
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