Bill Gates Keeps On Buying Republic Services Inc. via Cascade Investment LLC

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.

Just in case you also wonder who Cascade Investment LLC is, it is Bill Gates’s personal account (joint account with Melinda Gates), managed by Michael Larson. I guess we could call Michael Larson the Guru.  But Bill Gates is the man behind the money, and he is more famous and generate more interest.  Bill Gates has been buying Republic Services Inc. almost every week, half a million each day. How many shares does RSG have outstanding? 182 million.

And how many shares does Bill Gates own already? 35 million (19%) as of December 31, 2008.  As of March 3, Bill Gates owns more than 57 million shares or 31.42%. Bill Gates is adding to his position very frequently. Last week, when RSG reported a fourth-quarter loss of $131.7 million on Friday due to impairment and restructuring charges related to the merging with Allied Waste Industries Inc., stock price tumbled. But Bill Gates came back, bought more than 1.1 million shares this week.

For information on WIH Resource Group’s diversified client-specific solutions, visit www.wihrg.com and www.wastesavings.net.  Also, visit our daily environmental blog at https://wihresourcegroup.wordpress.com/

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4 comments on “Bill Gates Keeps On Buying Republic Services Inc. via Cascade Investment LLC

  1. Bill Gates is no fool. He knows the personal computer software systems industry has reached a plateau, and Microsoft will soon begin to decline as alternate operating systems and web browsers take increasing amounts of market share. He is wise to be entering into a new industry that appears to have potentials for growth long into the future as populations increase and the demand for waste services continues to grow.

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