Bill Gates Buys Eastman Kodak Company, Crocs Inc., Adds to AutoNation Inc., Canadian National Railway, and Republic Services Inc.

Author's Avatar
Feb 27, 2009
Bill Gates, the smartest businessman of our time, has been added into our List of Gurus. While Bill's investment record is unknown, however, with his smartness with business, it won't be surprising if he does with with investments. With his portfolio, we just see buys, and no sells. He does not face the problems of redemptions, at least.


Bill Gates founded Microsoft and grew it to the world’s largest software maker and monopolized the PC world. Bill Gates was the richest man in the world for 15 consecutive years.


Warren Buffett once said that Bill Gates can do what he does and he cannot do what Bill Gates does. Bill Gates now sits on the board of Berkshire Hathaway, and owns a few percent of Berkshire shares. The portfolio we track here is called Cascade Investment, which is the personal portfolio of Bill Gates. The portfolio is managed by Michael Larson. Charlie Munger once said that Warren Buffett learned the idea of BNI from Bill Gates' purchase of CNI.


Bill Gates buys Eastman Kodak Company, Crocs Inc. during the 3-months ended 12/31/2008, according to the most recent filings of his investment company, Cascade Investment, LLC. Bill Gates owns 20 stocks with a total value of $4 billion. These are the details of the buys and sells.



New Purchases: CROX, EK,


Added Positions: AN, CNI, FMX, OTTR, RSG, TV,





For the details of Bill Gates's stock buys and sells, go to the Link Here


Added: AutoNation Inc. (AN, Financial)


Bill Gates added to his holdings in AutoNation Inc. by 114.98%. His purchase prices were between $4.43 and $9.65, with an estimated average price of $7.6. The impact to his portfolio due to this purchase was 1.49%. His holdings were 11,315,688 shares as of 12/31/2008.


AutoNation Inc. is the one of the largest automotive retailers in the United States. The company owns and operates new vehicle franchises from dealership locations in major metropolitan markets in numerous states predominantly in the Sunbelt states. Its business consists primarily of the sale financing and servicing of new and used vehicles. The company also provides other related services and products such as the sale of parts and accessories extended service contracts aftermarket automotive products and collision repair services. AutoNation Inc. has a market cap of $1.89 billion; its shares were traded at around $10.17 with a P/E ratio of 10.9 and P/S ratio of 0.13. AutoNation Inc. had an annual average earning growth of 17.6% over the past 10 years. GuruFocus rated AutoNation Inc. the business predictability rank of 3.5-star.


Added: Fomento Economico Mexicano S.A.B. de C.V (FMX, Financial)


Bill Gates added to his holdings in Fomento Economico Mexicano S.A.B. de C.V by 7.39%. His purchase prices were between $20.58 and $29.98, with an estimated average price of $27.3. The impact to his portfolio due to this purchase was 1.16%. His holdings were 22,516,795 shares as of 12/31/2008.


FOMENTO ECO-ADR is Latin America's largest beverage company exporting to the United States Canada and select countries in Europe Asia and Latin America. They are strategically comprised of and operates by means of the following subsidiaries: FEMSA Cerveza Coca-Cola FEMSA the largest bottler for The Coca-Cola Co. in Latin America and the Strategic Businesses Division which groups the packaging retail and logistics operations whose main objective is to offer competitive advantages to the beverage subsidiaries. Fomento Economico Mexicano S.A.B. de C.V has a market cap of $9.46 billion; its shares were traded at around $23.72 with a P/E ratio of 12.5 and P/S ratio of 0.7. The dividend yield of Fomento Economico Mexicano S.A.B. de C.V stocks is 1.75%. Fomento Economico Mexicano S.A.B. de C.V had an annual average earning growth of 46.5% over the past 10 years.


Added: Canadian National Railway Company Fully (CNI, Financial)


Bill Gates added to his holdings in Canadian National Railway Company Fully by 2.81%. His purchase prices were between $32.78 and $43.02, with an estimated average price of $37.1. The impact to his portfolio due to this purchase was 0.87%. His holdings were 34,809,544 shares as of 12/31/2008.


Canadian National Railway Company a Canadian corporation operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway Detroit and other major cities. Canadian National Railway Company Fully has a market cap of $16.73 billion; its shares were traded at around $32.5 with a P/E ratio of 10.2 and P/S ratio of 2.27. The dividend yield of Canadian National Railway Company Fully stocks is 2.57%. Canadian National Railway Company Fully had an annual average earning growth of 37.6% over the past 5 years.


Added: Otter Tail Corp. (OTTR, Financial)


Bill Gates added to his holdings in Otter Tail Corp. by 33.25%. His purchase prices were between $15.82 and $23.22, with an estimated average price of $20.3. The impact to his portfolio due to this purchase was 0.49%. His holdings were 3,406,499 shares as of 12/31/2008.


OTTER TAIL's primary business is the production transmission distribution and sale of electric energy. The Company through its subsidiaries is also engaged in other businesses which are referred to as Health Services Operations and Diversified Operations. Otter Tail Corp. has a market cap of $727.52 million; its shares were traded at around $17.62 with a P/E ratio of 17.9 and P/S ratio of 0.55. The dividend yield of Otter Tail Corp. stocks is 5.79%. Otter Tail Corp. had an annual average earning growth of 1.9% over the past 10 years. GuruFocus rated Otter Tail Corp. the business predictability rank of 2-star.


Added: Republic Services Inc. (RSG, Financial)


Bill Gates added to his holdings in Republic Services Inc. by 1.7%. His purchase prices were between $19.7 and $24.5, with an estimated average price of $22.7. The impact to his portfolio due to this purchase was 0.37%. His holdings were 35,467,230 shares as of 12/31/2008.


Republic Services Inc. is a leading provider of services in the domestic non-hazardous solid waste industry. They provide non-hazardous solid waste collection services for commercial industrial municipal and residential customers through their collection companies. They also own or operate transfer stations and solid waste landfills. Republic Services Inc. has a market cap of $4.39 billion; its shares were traded at around $21.84 with a P/E ratio of 12.3 and P/S ratio of 1.38. The dividend yield of Republic Services Inc. stocks is 3.15%. Republic Services Inc. had an annual average earning growth of 11.6% over the past 10 years. GuruFocus rated Republic Services Inc. the business predictability rank of 5-star.


Added: Grupo Televisa S.A. Global Depositary (TV, Financial)


Bill Gates added to his holdings in Grupo Televisa S.A. Global Depositary by 2.54%. His purchase prices were between $13.4 and $17.66, with an estimated average price of $15.3. The impact to his portfolio due to this purchase was 0.19%. His holdings were 20,180,400 shares as of 12/31/2008.


Grupo Televisa S.A is the largest media company in the Spanish-speaking world and a major player in the international entertainment business. They have interests in Television production broadcasting international distribution of television programming direct-to-home satellite services publishing music recording radio production and broadcasting cable television professional sports and show business promotions paging services feature film production and distribution and dubbing. with a P/E ratio of 316.9. The dividend yield of Grupo Televisa S.A. Global Depositary stocks is 2.76%. Grupo Televisa S.A. Global Depositary had an annual average earning growth of 12.3% over the past 10 years. GuruFocus rated Grupo Televisa S.A. Global Depositary the business predictability rank of 3-star.


New Purchase: Eastman Kodak Company (EK, Financial)


Bill Gates initiated holdings in Eastman Kodak Company. His purchase prices were between $6.08 and $12.27, with an estimated average price of $8.4. The impact to his portfolio due to this purchase was 1.3%. His holdings were 7,950,000 shares as of 12/31/2008.


Eastman Kodak Company is engaged primarily in developing manufacturing and marketing consumer professional health and other imaging products and services. The company is made up of the following operating segments: Consumer Imaging Kodak Professional Health Imaging and Other Imaging. Eastman Kodak Company has a market cap of $1.09 billion; its shares were traded at around $3.26 with and P/S ratio of 0.12. The dividend yield of Eastman Kodak Company stocks is 12.35%.


New Purchase: Crocs Inc. (CROX, Financial)


Bill Gates initiated holdings in Crocs Inc.. His purchase prices were between $1.04 and $2.51, with an estimated average price of $1.6. The impact to his portfolio due to this purchase was 0.09%. His holdings were 3,000,000 shares as of 12/31/2008.


Crocs Inc. is a rapidly growing designer manufacturer and marketer of footwear for men women and children under the CROCS brand. All of the Company's footwear products incorporate its proprietary closed-cell resin material which the Company believes represents a substantial innovation in footwear comfort and functionality. The Company's proprietary closed-cell resin which it refers to as Croslite enables Crocs to produce a soft and lightweight non-marking slip and odor-resistant shoe. These unique properties make the Company's footwear ideal for casual wear as well as for recreational uses such as boating hiking fishing and gardening and have enabled Crocs to successfully market its products to a broad range of consumers. Crocs Inc. has a market cap of $102.92 million; its shares were traded at around $1.26 with a P/E ratio of 4.4 and P/S ratio of 0.12.


Also check out: