Friday, February 23, 2007

In the MOOD for MOODY's - NEW BUY

MCO @ 66.78 -2.01 (-2.92%)
We have been waiting for a chance to get into this one...and now looks good! The DIP FOLIO needs some exposure to the financial industry and we thought FMD would be the one, but with yesterdays dumping of FMD our DIP FOLIO had some room. And we are in the MOOD for MOODY's!

NEW YORK, Feb 7 (Reuters) - Moody's Corp. (MCO), the parent of its namesake credit rating agency, on Wednesday said fourth-quarter profit soared 86 percent, helped by growing demand for ratings and a gain from the sale of its downtown Manhattan headquarters. Revenue rose 25 percent to $590 million, topping the average $552.3 million forecast. Moody's largest shareholder is Warren Buffett's Berkshire Hathaway Inc.

SWY UPDATE: Safeway dips to $35.03....we reiterate our BUY and the support level of $35. DIP POSITION = $35.19

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