Bill Gates Ups Stake in AutoNation to 10% ($an)

22 Nov 10:16am
Read original blog entry
55.00002% of the outstanding shares are now held by Gates, Eddie Lampert and Todd Sullivan. :)

Wall St. Newsletters


Microsoft Chairman Bill Gates has taken a 10% stake in car retailer AutoNation Inc., according to a regulatory filing Friday.

Gates' investment firm, Cascade Investment LLC, owns 9.4 million shares, or 5.3 percent, and the Bill and Melinda Gates Foundation Trust holds 8.3 million shares, or 4.7 percent, according to the filing with the Securities and Exchange Commission.

In July, Gates disclosed a 5.5 percent stake in AutoNation, also through Cascade and his foundation trust, which together at the time held 9.9 million shares.

AutoNation's largest shareholder is billionaire investor Edward S. Lampert who disclosed last week that his entities control about 45% company's outstanding stock.


Disclosure ("none" means no position):Long AN
Visit the ValuePlays Bookstore for Great Investing Books

Comments

Back to top

Post comment

Back to top

Post a comment

Please login to post a comment

About

ToddSullivan

A Massachusetts based value investor, I look for companies whose current valuation is at a discount to their true value. When I purchase a stock, my typical holding period is several years. I consider buying a stock purchasing a piece of a business. I am confident once I make a decision to buy that eventually the market as a whole will recognize the true value of the business and value it accordingly. It may take 1 month, 6 months or a year, but if I buy it at enough of a discount to its true value my results will be (and have been) superior to the market as a whole. Of all the disparate investing disciplines, value investing has stood the test of time. The great investors of have all been value investors. Warren Buffett, Ben Graham, Bill Ruane (Sequoia Fund), Bill Miller and Wally Weitz, all have consistently outperformed the market for decades by using various forms of value investing. Currently I am a contributing writer to Seeking Alpha, Vinvesting.com, The Stock Masters and Value Investing News. Posts have been reprinted in The Wall St. Journal, Yahoo Finance, Google Alerts, Google Finance, TheStreet.com. 24/7 Wall St. and Topix.net.