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TheStreet Open House

Professor Buffett's Busy Week

Instead of taking the vocal approach to chastising this agency, whose improper debt ratings served as a major driver leading up to the global financial crisis, Buffett has expressed his disapproval through the habitual sale of his MCO shares throughout 2009 and the first part of this year. It will be interesting to see if the investor continues to dump shares in this manner until he has rid himself of the company completely.

Posco Gets the Kraft Treatment

Buffett spoke out against South Korean steelmaker Posco's (PKX) plan to acquire shipbuilder Daewoo Shipbuilding & Marine Engineering. In an interview, Posco explained that shareholders, including Berkshire Hathaway, have urged the steelmaker to conduct a thorough review of the bid before proceeding.

Buffett expressed similar concerns at the end of 2009 when he expressed his disapproval toward Kraft's (KFT) decision to buy U.K. candy-maker Cadbury. The Oracle's concerns stemmed from the belief that the proposed deal required that Kraft issue an excessive number of shares to fund the bid.

Warren watchers and Posco investors will want to keep an eye on how this deal progresses. Buffett and other prominent shareholders are worried that Posco's plan to buy the shipbuilder may be coming at a time when the shipbuilding industry is in the midst of a prolonged downturn.

Did Buffett's actions this week affect any of your investment decisions? Feel free to leave a comment below.

-- Written by Don Dion in Williamstown, Mass.

At the time of publication, Dion was not long any of the equities mentioned.

Don Dion is president and founder of Dion Money Management, a fee-based investment advisory firm to affluent individuals, families and nonprofit organizations, where he is responsible for setting investment policy, creating custom portfolios and overseeing the performance of client accounts. Founded in 1996 and based in Williamstown, Mass., Dion Money Management manages assets for clients in 49 states and 11 countries. Dion is a licensed attorney in Massachusetts and Maine and has more than 25 years' experience working in the financial markets, having founded and run two publicly traded companies before establishing Dion Money Management.

Dion also is publisher of the Fidelity Independent Adviser family of newsletters, which provides to a broad range of investors his commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than 100,000 subscribers in the U.S. and 29 other countries, Fidelity Independent Adviser publishes six monthly newsletters and three weekly newsletters. Its flagship publication, Fidelity Independent Adviser, has been published monthly for 11 years and reaches 40,000 subscribers.

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