william87
Warren Buffett, arguably the greatest investor of all-time, has famously said:
It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price
Moody's Corporation (NYSE:MCO) is a wonderful company
Moody's: A Wonderful Company At A Fair Price
Summary
- Moody's Corporation is a wonderful business trading at a fair price and remains a large Warren Buffett holding.
- MCO is currently trading at a relatively high valuation relative to the S&P 500 and its own history.
- China represents a unique and often underappreciated long-term opportunity for MCO via its 30% ownership stake in China's leading ratings agency CCXI.
- I am initiating MCO with a buy rating and would consider upgrading to a strong buy in the event that the stock declines significantly from current levels.
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