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McGrawHill is ready to go lower
MHP
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With the McGrawHill stock trading between 35 and 45 since the start of the year, the pattern is likely to be repeated in the next weeks. I just think the 45 resistance will hold and the price will go test a support lower. As of my pick start, MHP was trading at 43.00 and there is good odds for the price to pullback to 40. If the price go throughout the 40 level, you can expect the price to fall to 37. I like reading some of their books and magazines but I don't want to own that kind of business in the economic environment we are in.
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McGraw Hill Rearranges The Deck Chairs
MHP
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McGraw Hill (MHP) announced that the president of its Standard and Poor division has fallen or has been pushed onto her sword and has left the company. The New York Times reported that Kathleen Corbet, president of the credit rating company Standard & Poor’s, resigned after lawmakers and investors criticized the company for failing to judge the risks of securities backed by subprime mortgages.
She will be replaced by Deven Sharma, executive vice president for investment services and global sales. Ms. Corbet is leaving to spend more time with her family and her exit is not related t...
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About The McGrawHill Companies Inc.
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