Welcome to the Shroomery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!
|
 teknix
ÐøøÐ
Registered: 09/16/08
Posts: 4,725
|
 Buffett and Gates Now Have $1.9 Billion in This Stock
#12766361 - 06/18/10 08:58 PM (1 year, 11 months ago) |
|
|
http://www.streetauthority.com/buffett
Bill Gates and Warren Buffett are more than just close friends and bridge buddies. With a combined net worth of over $77 billion, they're arguably the two most powerful men in business.
So powerful, in fact, that they can move the stock market further and faster than just about any individuals on the planet.
Case in point: Last year, shares of Dalian Dayan Trands (SHA: 600233) -- a small Chinese clothing stock -- skyrocketed +108.3% in a single month after the press discovered that both Gates and Buffett regularly wear the firm's suits.
If these two men can move the stock market by altering their dress code, just imagine what they can do when they team up and start pouring billions of dollars into one individual stock. That's exactly what's happening right now...
Gates already owned 29 million shares of waste management company Republic Services (NYSE: RSG) going into 2008. He then bought the stock on 23 different occasions in 2008... and bought it another 39 times in 2009. He now owns 55 million shares.
And Warren Buffett is just starting to load up on the same stock. Berkshire-Hathaway (NYSE: BRK-A) first bought 3.6 million shares of Republic Services between June 30, 2009 and September 30, 2009... then bought another 4.7 million shares between September 30, 2009 and December 31, 2009... and then bought another 2.5 million shares between January 1, 2010 and March 31, 2010. Berkshire now owns 10.8 million shares.
All told, at today's prices, Buffett and Gates now have just over $1.9 billion in this stock.
What's interesting is that Gates also owns $540 million worth of Republic Services' closest competitor, Waste Management Inc. (NYSE: WM).
So what makes these companies so attractive?
They control an essential service every American uses every day -- waste collection.
Competition is virtually nonexistent -- these two stocks together control half of the U.S. market, giving them a virtual monopoly on this essential service.
These growing monopolies deliver big profits for investors. Period. Republic Services has consistently outperformed the S&P 500 and has jumped about +40% over the past year.
Bottom line -- Buffett and Gates could be trying to corner the market in this vital industry. If you want to profit alongside them, then you may want to act soon. If history is any guide, then Buffett might eventually buy one (or both) of these companies outright. The last time he did that, the shares of his target firm -- Burlington Northern (NYSE: BNI) -- jumped +29% on the day of the announcement.
Investors who were smart enough to buy the stock a few months earlier, when word first surfaced that Buffett bought $271 million of the stock, were treated to gains of +60.6% in less than a year.
History could be repeating itself here, and you may be able to profit right alongside both Buffett and Gates as they pile into this booming stock.
|
meams
Blessed
Registered: 01/11/05
Posts: 16,151
Loc: In a Tree
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: teknix]
#12768906 - 06/19/10 11:34 AM (1 year, 11 months ago) |
|
|
Very interesting
|
LunarEclipse
Mr. Worry Free
Registered: 10/31/04
Posts: 6,738
Loc: Sugar Town
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: meams]
#12772637 - 06/20/10 07:54 AM (1 year, 11 months ago) |
|
|
Well Good Old Warren (can't see why people actually Like Him and his phony folksy crap) tried to get his Buddies at Goldman hooked up.
Tough crap Warren go back to Omaha the death capital. Stay there.
http://www.newser.com/story/87068/dems-tell-buffett-to-stuff-it.html
--------------------
Don't worry be happy.
|
Cowgold
Bullshit
Registered: 04/04/05
Posts: 12,462
Loc: .
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: teknix]
#12782050 - 06/21/10 10:19 PM (1 year, 10 months ago) |
|
|
Waste management businesses are a growing necessity and they're also very very green. They recycle, promote quick biodegredation by introducing bacteria and provide green energy in the process.
They have fitted 160 of their landfills to convert the methane gas produced by the decomposition of waste. I've buildt one of their gas to energy facilities. The total estimated output of these facilities is 700 megawatts.
It's really amazing the way that modern waste management is conducted.
One man's trash is another man's treasure. 
|
 Canberra
Jaundiced loose cunt
Registered: 10/18/09
Posts: 1,516
Last seen: 5 hours, 12 minutes
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: Cowgold]
#12800332 - 06/24/10 10:48 PM (1 year, 10 months ago) |
|
|
Yeah, uh, Berkshire Hathaway shares are like $100,000 a pop
--------------------
|
Cowgold
Bullshit
Registered: 04/04/05
Posts: 12,462
Loc: .
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: Canberra]
#12802083 - 06/25/10 10:22 AM (1 year, 10 months ago) |
|
|
He's not suggesting buying Berkshire Hathaway shares, he's talking about getting waste management shares and Republic Services shares.
BTW, BRK.A is quoted over $120,000 per share.
|
zappaisgod
horrid asshole
Registered: 02/11/04
Posts: 34,506
Last seen: 13 hours, 1 minute
|
Re: Buffett and Gates Now Have $1.9 Billion in This Stock [Re: Cowgold]
#12802101 - 06/25/10 10:24 AM (1 year, 10 months ago) |
|
|
Didn't they recently offer a lower priced share? Nonvoting, I believe.
--------------------
| |
|
|
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills, Wiccan_Seeker, ZippoZ, automan
1,366 topic views. 0 members, 2 guests and 0 web crawlers are browsing this forum.
[ Toggle Favorite | Print Topic ]
| | |
|
|
|
Previous
Index
Next
Threaded
Edit 
Reply 
