tag:blogger.com,1999:blog-34104702.post295262700576662215..comments2023-10-31T03:00:09.987-07:00Comments on Intelligent Investing: High margin, low or reasonable capex businesses (part 2)Berkshirehttp://www.blogger.com/profile/02415080722037608944noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-34104702.post-57114623437420505842012-11-27T15:40:30.923-08:002012-11-27T15:40:30.923-08:00Look beyond the mega cap stocks for value.Look beyond the mega cap stocks for value.Penny Stockshttp://www.manta.com/c/mxcpkb3/the-manhattan-calumet-value-stock-hotlinenoreply@blogger.comtag:blogger.com,1999:blog-34104702.post-90963968413296108882009-07-16T00:28:20.352-07:002009-07-16T00:28:20.352-07:00Hi Daniel,
I do not admire the way the credit rat...Hi Daniel,<br /><br />I do not admire the way the credit ratings conduct their business in general. The business model they have is something that is like asking Apple to pay CNet to rate MacBook as outstanding. That is something fundamentally wrong. <br /><br />But overall, credit raters are not the most evil, though they deserve a share of the blame for participating in it. I wouldn't classify them in the same breadth as Arthur Anderson though. <br /><br />I'm sure what you anticipate would become reality that more regulation is on the horizon. Already Mary Shapiro is calling for it today. <br /><br />But overall, given the rundown in price, I think there's value to it, though as an individual, I do not rely on any ratings or analyst opinion to value my investments. But no doubt, the credit rating business will still be around though, there are just too many people who need an opinion to protect their "asses" so to speak in order to invest in a security. For sure, institutions need ratings.Berkshirehttps://www.blogger.com/profile/02415080722037608944noreply@blogger.comtag:blogger.com,1999:blog-34104702.post-66992872639497858802009-07-15T21:29:58.314-07:002009-07-15T21:29:58.314-07:00Regarding Moody's: the ball game would change ...Regarding Moody's: the ball game would change considerably if someone [or the SEC] successfully sues the company on a negligence basis for some of the products it put its AAA rating on. [I'm sure everyone knows what products I mean.]<br /><br />Only a cloud on the horizon, but similar circumstances killed at least one old-line acccounting firm after the Enron et. al. scandals. Before then, it was almost inconceivable that an accounting firm would be held liable in that way.Daniel M. Ryanhttp://lowpebin.blogspot.comnoreply@blogger.com