Berkshire Hathaway Trims Moody's (MCO) Stake... Again ~ market folly

Friday, October 22, 2010

Berkshire Hathaway Trims Moody's (MCO) Stake... Again

In what has seemingly become a regular occurrence for Berkshire Hathaway in the month of October, we see that Warren Buffett's company has again sold shares of Moody's (MCO). Per a Form 4 filed with the SEC, Berkshire Hathaway has disclosed the sale of 88,360 shares at weighted price averages of $26.7148 and $27.3297 on October 19th and 21st, respectively.

After these sales, Buffett still owns 28,415,250 shares of MCO, still a sizable stake. As we've detailed in Berkshire's other recent sales, they are willing to share MCO for a price north of $25 per share (and especially north of $27). For more on the Oracle of Omaha, we recently posted about Buffett's worst trade and biggest mistake.

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."

To learn from the investing legend himself, head to Warren Buffett's words of wisdom.

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