New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Wilbur Ross on His Investment Strategy and Considering Investing in Spanish Banks
Posted by: Dheeraj Grover (IP Logged)
Date: October 24, 2012 09:22AM

Well-known billionaire investor and chairman of WL Ross & Co. Wilbur Ross was on Bloomberg to discuss his investment strategy and where he is putting his money to work right now.

-- Bought 32% of Navigator (NAVG) 32% stock, a marine transport company. He bought this stake from Lehman Brothers estate.
-- Navigator has long-term solid fundamentals but is beaten down without any reason. He does not think who wins the election will have any impact on Navigator's business.
-- Has invested in Irish banks.
-- Looking at investing in Spanish and Greek banks, but thinks it is still early to invest in those banks.
-- In the U.S., he invested in natural gas industry via EXCO Resources (XCO)

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:





Guru Discussed: Wilbur Ross: Current Portfolio, Stock Picks
Stocks Discussed: ESV, NAVG, XCO,
Rate this post:

Rating: 4.0/5 (6 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK