Moody's fall13% on news Buffett firm sold stock

Discussion in 'Stocks' started by ASusilovic, Jul 23, 2009.

  1. Shares of Moody´s fell 13% in pre-open trade Thursday after National Indemnity, an insurer owned by Warren Buffett's Berkshire Hathaway, reported that it sold almost eight million shares of Moody's this week. The company made the disclosure in a according to a regulatory filing Wednesday. National Indemnity sold the stock in the open market at prices ranging from $26.6425 to $28.7269, the filing said. Berkshire Hathaway still owns more than 16% of Moody's outstanding shares, according to the filing.

    There is no right for existence for these scamsters !:mad:
  2. Ha! the gov't insists on an imprimatur (rating) it's a dirty job but someone has to do it.
  3. Corelio


    Nice payday for Einhorn.