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Dheeraj Grover
Dheeraj Grover
Articles (493) 

Wilbur Ross on His Investment Strategy and Considering Investing in Spanish Banks

October 24, 2012 | About:

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 (NASDAQ: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 (NYSE:XCO)

Credit and source: www.bloomberg.com, Bloomberg

Here is the video:



About the author:

Dheeraj Grover
I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

Rating: 4.0/5 (6 votes)

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