| Buffett Sells More Moody's Shares: Exit or Rebalancing? Market Folly submits:While the dominant headlines yesterday centered around Warren Buffett & Berkshire Hathaway's (BRK.A) acquisition of Burlington Nothern Santa Fe (BNI), we wanted to highlight one of his other recent moves.Having already trimmed his stake in Moody's (MCO) a few times prior, legendary investor Warren Buffett has sold even more shares of the ratings agency. On October 28th, 2009, Buffett sold 1,133,027 shares at a price of $24.8637. Additionally, he sold 19,600 shares the next day at a price of $25.2728 per share. This brings his total ownership to 38,066,685 shares. These sales are in addition to other transactions he completed back in the beginning of September where he sold 794,388 shares between $26-27. While he has obviously been selling shares, we need to highlight that he does still indeed own quite a sizable chunk of the company. We simply take note because he has now made multiple sales within a few months. Complete Story » seekingalpha.com |
Appaloosa Management Buys Airlines Market Folly submits: (This post is part of our series on tracking hedge fund portfolios. If you're unfamiliar with tracking investments they disclose via SEC filings, check out our series preface on hedge fund 13F filings.) This is the first time we've looked at David Tepper's hedge fund Appaloosa Management in-depth as they're now in our tracking mix. Before founding his fund, Tepper was a high yield bond trader for Goldman Sachs (GS). He likes to dig up companies that everyone else has called quits on and Appaloosa focuses on concentrated positions in both equities and distressed debt.Complete Story » seekingalpha.com |
BDI's Peaking Impact and Stocks' Barrier Ashraf Laidi submits:Baltic Dry Index Peaking ImpactThe 1-month lag between the Baltic Dry Index and selected commodities strikes again. The BDI, a daily index of shipping costs of dry bulk, is often seen as a leading indicator for raw material demand, hence a precursor for global production dynamics. Complete Story » seekingalpha.com |
The Dry-Shipping Sector: Poised for Gains? StreetAuthority submits: By David Sterman There are dozens of very large ships plying the global waters that do nothing but ferry dry goods. Think of coal, grain, steel and other such bulk goods. When major nations actively trade these goods, bulk ships are in hot demand and the cost to lease them can surge. But when trading activity cools, their lease rates can plunge very sharply.Complete Story » seekingalpha.com |
Dividend Stock Analysis: Genuine Parts Dividend Growth Investor submits:Genuine Parts Company (GPC) distributes automotive replacement parts, industrial replacement parts, office products, and electrical/electronic materials in the United States, Puerto Rico, Canada, and Mexico. The company operates in four segments: Automotive Parts Group, Industrial Parts Group, Office Products Group, and Electrical/Electronic Materials Group. This dividend king has increased distributions for 54 consecutive years.Over the past decade, this dividend stock has delivered an annual total return of 11.40%.At the same time earnings per share have increased only by 1.40% per year since 2000. For 2010 analysts expect an increase in EPS by 12.80% to $2.82. For FY 2011 analysts expect the company to earn $3.15/share, which would represent an increase of 11.70% in comparison with the results in FY 2010.Complete Story » seekingalpha.com |