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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,
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