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Tuesday, October 12th, 2010

 

Buffett and Gates See Gold in Scrap Metal

Buffett and Gates See Gold in Scrap Metal The two richest men on the planet have increased their holdings in the recycling business with more than 100 trades combined over the past 3 years, and they have amassed more than 66 million shares in Republic Services (NYSE: RSG), a recycling and waste management company. At a price per share at $31, that’s an investment of a whopping $ 2 billion! A share price of $31 isn’t exactly a penny stock, so what has this got to do with your portfolio?Read More