NEW YORK May 5 Chris Shumway, the founder and
managing partner of Shumway Capital, said on Monday that Moody's
Investors Service could see significant revenue growth
opportunities in coming years.
Speaking at the Sohn Investment Conference, Shumway said
Moody's, one of the two biggest credit rating agencies
in the United States, "is a great business."
He also said the company's management is shareholder
friendly, noting stock buybacks.
Shares of Moody's traded up 1.6 percent up at $79.81 on
Shumway also suggested investors short the offshore yuan,
the CNH. China will have "limited options... to deal with their
slowing growth," he said.
The Sohn Investment Conference raises money to support
pediatric oncology research.
(Reporting by Luciana Lopez; Editing by Leslie Adler)