52 week high is $72, 52 week low is $35. Obviously financial stocks will rebound at some point and Moody's is not going anywhere.
2007-12-13 05:03:39 · 2 answers · asked by cnrage 2 in Business & Finance ➔ Investing
Now might be a good time to invest. However with the subprime meltdown, they may see some litigation on the bonds they rated as triple-a, but was subsequently down graded to junk.
It could go lower as this subprime problem plays itself out. But maybe that is already baked into the price. If you are a long term investor, this might be a good stock to buy.
2007-12-14 08:19:35 · answer #1 · answered by exactduke 7 · 0⤊ 0⤋
i agree, there are only three major players in the credit rating industry anyway (S&P, Fitch, and MCO). if you don't buy now, then when? when its at a 52wk high, chasing performance like everyone else. a good investment for a 12-18 month time frame.
2007-12-13 06:06:03 · answer #2 · answered by antiherocontravillain 2 · 0⤊ 0⤋