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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (58635)	12/8/2016 2:23:50 PM
From: Jurgis Bekepuris	Respond to of 78658

MCO: cornerofberkshireandfairfax.ca I respect Schwab711's opinion. IMO MCO risk is that management has not been shown to be great and they could diworsify or throw money at subpar side ventures. There's also an argument that bond issuance may drop from historic highs. I hold some. May add, but I don't think it's very cheap and I'm not looking to deploy cash now.

To: Paul Senior who wrote (58635)	1/14/2017 9:56:39 AM
From: E_K_S	Read Replies (2) \| Respond to of 78658

Watching but still no interest as I have a hard time determining value. Moody’s Reaches $864 Million Subprime Ratings Settlement That penalty is about a third of the $2.5 billion that Moody’s earned in the four years leading up to the crisis. Standard and Poor’s, after fighting the U.S. in court for two years, settled similar claims with the U.S. for $1.5 billion last year. Friday’s settlement calls for Moody’s to pay $437.5 million to the Justice Department and $426.3 million to the states. California, an epicenter of the subprime debacle, will get $150 million from the agreement, the state’s attorney general said in a statement. An after-tax charge of about $702 million, $3.62 per share, will be recorded in the fourth quarter of 2016, Moody’s said in its statement. -------------------------------------------------- That's 80% of Yahoo's 2016/2017 EPS(TTM) of $4.48/share. I know that Buffet liked the company but I have a hard time estimating fair value (they carry a negative BV according to Yahoo). It looks like Berkshire owns 24.5mln shares or about 12.5% of the outstanding shares. FWIW, it looks like different layers of government get the settlement monies but I see no statement that any of the bond holders will receive a penny. EKS