Berkshire Hathaway Reduces Position Moody's (MCO) ~ market folly

Friday, October 15, 2010

Berkshire Hathaway Reduces Position Moody's (MCO)

Warren Buffett's Berkshire Hathaway has sold shares of Moody's (MCO) again according to a Form 4 just filed with the SEC. On October 12th and 13th, Berkshire Hathaway sold 370,146 shares of Moody's (MCO) at prices ranging from $27.40 to $28.00.

After the sales, Berkshire is left with 28,503,610 shares of MCO, still a very sizable position. This is the third subsequent sale of MCO by Buffett's organization and we've pointed out the trend for Berkshire to sell MCO anytime shares trade north of $25. The majority of Berkshire's Moody's position is held by their subsidiary, GEICO.

For more of our coverage on the Oracle of Omaha, we've highlighted Buffett on the topic of success as well as words of wisdom from Warren Buffett.

Taken from Google Finance, Moody's is "a provider of credit ratings; credit and economic related research, data and analytical tools; risk management software, and quantitative credit risk measures, credit portfolio management solutions and training services."

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