Investing

Buffett Keeps Dumping More Moody's (BRK-A, MCO)

Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) is still unloading more Moody’s Corp. (NYSE: MCO) stock.  A filing from last night shows that another 87,992 shares were sold at a weighted average price of $26.77 on December 18, 2009.  This is a fraction of what has been sold before and was a mere $2.35 million worth of stock, and Buffett still holds some 31,814,610 shares of the independent ratings agency.

But Buffett is continuing to pare down his position here in Moody’s.  This appears to be the third stock sale of Moody’s this month.  Buffett is still more than a 13% beneficial owner, but we have shown on several occasions how Moody’s is likely being punted 100% by Berkshire Hathaway.

This company is no longer in the same position that it was when Buffett decided to go into it.  Even with a forever time frame, when fundamentals and the future of a company permanently change it is time to review a position.  Buffett is about two-years too late in this action.

JON C. OGG

In 20 Years, I Haven’t Seen A Cash Back Card This Good

After two decades of reviewing financial products I haven’t seen anything like this. Credit card companies are at war, handing out free rewards and benefits to win the best customers. 

A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges.

Our top pick today pays up to 5% cash back, a $200 bonus on top, and $0 annual fee. Click here to apply before they stop offering rewards this generous. 

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.