Gates Picks Up 1.9 Million More AutoNation Shares

1 Dec 5:30am
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As bad as things look for auto dealers's, AutoNation (AN) is picking up large market share gains presently.

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Through 4 transactions of Cascade Investments and the Bill & Melinda Gates Foundation, Bill Gates has brought his total holdsing in AutoNation (AN) to 20.5 million shares or 11.7% of the outstanding total.

He and Sears Holdings (SHLD) Eddie Lampert now hold a combined 57% of the outstanding shares.



Disclosure ("none" means no position):Long SHLD, AN
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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.