widemoatinvesting.wordpress.com - 4/10/2009
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2008 was a tough year for Moody’s Corporation, with free cash flow (FCF) levels falling to 2003 levels, or $450 million. In our previous analysis, we argued that Moody’s economic moat has shrunk over the last couple of years, as its credit ratings for structured finance products proved ...
nytimes.com - 4/8/2009
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nytimes.com —
Moody’s Investors Service assigned a negative outlook to
the creditworthiness of all local governments in the United...
States, the agency said Tuesday, the first time it had ever issued such a blanket report on municipalities. The report signaled how ...
(more)
Muni Bonds May Face Downgrade
bloomberg.com - 4/7/2009
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bloomberg.com —
April 7 (Bloomberg) -- Thirty-five companies defaulted in
March, the highest number in a single month since...
the Great Depression, according to Moody’s Investors Service . The rate at which speculative-grade corporate borrowers worldwide failed to ...
(more)
Default Count Rises to Highest Since Great Depression ...
dealbook.blogs.nytimes.com - 4/9/2009
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dealbook.blogs.nytimes.com —
Moody's Investors Service, one of the main credit
ratings agencies, on Wednesday downgraded Berkshire Hathaway two notches...
from triple-A, tarnishing the luster of Warren E. Buffett's investment vehicle. Moody's analysts lowered Berkshire's rating to ...
(more)
Moody's Strips Berkshire of Its Triple-A Rating
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Moody's Intrinsic Value
Value Investing News - Investor powered stock market news —
... Moody's Intrinsic Value Read the full article at: http://widemoatinvesting.wordpress.com/2009/04/08/moodys-intrinsic-value/ (via widemoatinvesting.wordpress.com) Here we use a discounted cash flow model to project the value Moody's future earnings. Submitted by ...
Weekly Links: April 12, 2009
Dividends Value —
... School Value presented EBITDA or FCF to Measure Cash Flow
Triaging My Way To Financial Success presented Value Update II, 2009
Everyday Finance presented 5 Interesting ETFs Up Over 15% for the Week
Contrarian Value Investing presented Magic Formula Stocks On The Move 4-04-09
Buy Value presented Is it over?
Dividend Tree presented What is Buffett’s Ideology?
Wide Moat Investing presented Moody’s Intrinsic Value
The Wealth, Money & Life Network ...
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Blaming Moody’s
ritholtz.com 12/7/2008 —
“These errors make us look either incompetent at credit analysis or like we sold our soul to the devil for revenue, or a little bit of both.”
— A Moody’s managing director responding anonymously to an internal management survey, September 2007.
...
Credit Crisis Indicators
calculatedriskblog.com 4/3/2009 — Here is a quick look at a few credit indicators: First, the British Bankers' Association reported that the three-month dollar Libor rates were fixed at 1.166%. The LIBOR was at 1.30% a couple of weeks ago, and peaked at 4.81875% on Oct 10, 2008. This ...
Buffett Is Unusually Silent on Rating Agencies
dealbook.blogs.nytimes.com 3/22/2009 — In his annual Berkshire Hathaway letter, Warren E. Buffett recently urged investors to pose tough questions at the shareholders meeting in May. Here is one that The New York Times's David Segal says is on the mind of some Buffett watchers: When are ...
Buffett Dumps Moody’s (MCO, BRK-A)
247wallst.com 7/23/2009 — 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 ...
CRE and Residential RE Prices
calculatedriskblog.com 6/26/2009 — Here is the CRE report mentioned yesterday, from RC Analytics : Moody’s/REAL Commercial Property Price Indices, June 2009 The Moody’s/REAL National All Property Type Aggregate Index for April measures 135.31, a decrease of 8.6% from the previous ...
David Einhorn versus Warren Buffet on Moody's (MCO)
fundmymutualfund.com 5/28/2009 — Battle Royale in Moody's ( MCO ) it appears after David Einhorn engages on the short side versus Warren Buffet's long position. For those not familiar with David Einhorn he is a youngish hedge fund manager who exposed Lehman Brothers in a very public way - that said his hedge fund lost 22% last ...
Bond Trading Highest Since ‘07
calculatedriskblog.com 2/20/2009 — From Bloomberg: Bond Trading Highest Since ‘07 as Credit Freeze Thaws Corporate bond trading in the U.S. is rising to the highest level in two years, adding to evidence that credit markets are thawing even with stocks off to their worst start since ...
California’s Bond Credit Rating Slashed by Moody’s (Update1)
bloomberg.com 7/20/2009 — 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 ...
Moody’s: CRE Prices Off 36 Percent from Peak, Off 1% in June
calculatedriskblog.com 8/20/2009 — From Bloomberg: U.S. Commercial Property Values Fall as Rent Declines Forecast The Moody’s/REAL Commercial Property Price Indices fell 1 percent in June and are down 36 percent from their October 2007 peak, Moody’s Investors Service said in a report ...
Buffett's Bad Moody's —
The Big Money 4/9/2009
Tough times continue for Berkshire Hathaway , Warren Buffett's perennial cash cow, after Moody's cut its long-term issuer rating to Aa2 from its top Aaa rating. Moody's said the recession and investment losses at Berkshire's insurance interests ...
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