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Wilbur Ross Top Purchases in 3Q10: XCO, SNBC, KEG, CTB, PXP

November 18, 2010 | About:
Trader Mark

guruek

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Investment Guru Wilbur Ross is very busy these days, in the aftermath of the greatest financial crisis after The Great Depression. Known as a Vulture Investor,, Wilbur Ross, along with private equity firm Carlyle and Dublin-based Cardinal Group, was in talks to buy troubled Irish bank Education Savings Bank back in September.

Watch this clip in which Ross talked about how Irish dealt with their financial crisis as compared to how the Greek folks did it.













During the third quarter of 2010, these are his top purchases:

No. 1: EXCO Resources Inc. (XCO), Buy: 5.32% of the portfolio - Total: 1,863,829 Shares EXCO Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties. Exco Resources Inc. has a market cap of $3.93 billion; its shares were traded at around $18.5 with a P/E ratio of 22.9 and P/S ratio of 6.7. The dividend yield of Exco Resources Inc. stocks is 0.9%.



No. 2: Sun Bancorp Inc. (SNBC), Buy: 1.77% of the portfolio - Total: 1,812,500 Shares Sun Bancorp, Inc. is a bank holding company with two principal subsidiaries, Sun National Bank and Sun National Bank. Sun Bancorp Inc. has a market cap of $117.7 million; its shares were traded at around $4.18 with and P/S ratio of 0.7.



No. 3: Key Energy Services Inc. (KEG), Add: 0.61% of the portfolio - Total: 571,000 Shares Key Energy Services, Inc. is one of the largest providers of onshore oil and gas well services in the United States and Argentina. Key Energy Services Inc. has a market cap of $1.25 billion; its shares were traded at around $9.96 with and P/S ratio of 1.2.



No. 4: Cooper Tire & Rubber Company (CTB), Add: 0.53% of the portfolio - Total: 530,200 Shares Cooper Tire & Rubber Company specializes in the manufacture and marketing of automotive products. Cooper Tire & Rubber Company has a market cap of $1.31 billion; its shares were traded at around $21.26 with a P/E ratio of 10.4 and P/S ratio of 0.4. The dividend yield of Cooper Tire & Rubber Company stocks is 2%.



No. 5: Plains Exploration & Production Company (PXP), Buy: 0.48% of the portfolio - Total: 93,000 Shares PLAINS EXPLORATION & PRODUCTION COMPANY is an independent oil and gas company primarily engaged in the activities of acquiring, developing, exploring and producing oil and gas properties primarily in the United States. Plains Exploration & Production Company has a market cap of $4.15 billion; its shares were traded at around $29.61 with a P/E ratio of 13.3 and P/S ratio of 3.5.



Check out Ross’s complete stock portfolio by clicking on Wilbur Ross.

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Wilbur Ross (Updated on 06/19/2013)

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