(GuruFocus, September 29, 2009) Wibur Ross must be very busy these days, given the abundant opportunities presented by the distressed markets. This Reuter article gives a good write-up of his recent investment activities and his investment outlook:
GuruFocus had a piece on the top holdings of Wilbur Ross’s top common stock holdings this morning.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Wibur Ross for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
He is current looking at the casino sector, both the US casinos and international casinos. Indeed, casinos have been hard-hit as consumers cut back from gambling in the current financial crisis.
He said he expects to continue investing in areas where he already has made purchases, such as railcar leasing, auto parts and financial institutions, including CIT Group Inc
Ross purchased troubled BankUnited (BKUNQ.PK) in May and has recently participated in bidding for assets of Corus Bank. The unit of Corus Bankshares (CORS.PK). FDIC seized both companies.
He said he will be investing overseas through the Chinese energy infrastructure fund that Invesco WL Ross, a partnership with investment manager Invesco (IVZ), launched with China Huaneng Group last year.
GuruFocus had a piece on the top holdings of Wilbur Ross’s top common stock holdings this morning.
GuruFocus provides real time information and insights of Investment Gurus such as Warren Buffett and Wibur Ross for Premium Members. If you are not a premium member, click here to sign up or upgrade. 7-Day Free Trial is available.
