Thursday, April 21, 2011

Here's What Guru Wilbur Ross Has Been Buying

Investment Underground submits:

By Steve Morris

We researched to give investors a closer look at eight companies where Wilbur Ross is an active stakeholder. With Ross landing on the Fortune 400 list for the first time this fall, we feel there is no better time to dig deeper into his portfolio. One stock Ross likes is MetroPCS Communications (PCS). MetroPCS, headquartered in Texas, is the fifth biggest player in the wireless phone industry. The current price to earnings for this phone company is 30.78, making it increasingly attractive to income seekers. The stock is currently trading at $16.62 and sits about ten dollars above where it did a year ago. We think this company will have another strong 52-week period ahead of it.

Sun Bancorp (SNBC): Sun Bancorp, Inc. is a bank holding company. It is mostly known for its Sun National Bank branch. Working through the bank, the company is able to


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