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March 24, 2005

A Moody Idea Thur., March 24, 2005, 12:32 PM

It occurred to me that in this day and age where financial alchemists are turning facts into fancy that Moody's Corp (NYSE: MCO) might be a good long-term core position in many portfolios. You see Moody's does the corporate and sovereign ratings that investors ought to be relying upon because they are objective and independent from pressures of the sell-side.

The MCO stock right now (about $82) is a little pricey, probably due to the extremely high ROE and Earnings growth rates, and other key financial metrics, but should it fall off in a broad market sell-off, then MCO would be early on the buy side of my trading blotter.

To repeat, MCO is not an idea for today, but for some time in the future.

Posted by Posted by Bill Cara on March 24, 2005 12:06:08 PM | Category: 20 Industrials