Cascade owns 2,408,000 shares of Patriot Coal Corporation (PCXCQ) as of the end of the second quarter of this year, representing about 4.5% of the outstanding shares of the company. This St. Louis, Missouri based company is one of the largest coal mining companies in the US. It closed on Friday at 12 cents a share. On July 9, 2012, Patriot Coal filed for reorganization under Chapter 11 of the Bankruptcy Code.
Friday, October 04, 2013
Penny Stock Owned by Bill Gates
Bill Gates, founder of Microsoft (MSFT), is the richest man in the United States, with a net worth of $72 billion. All of his investments are handled by his investment vehicle, Cascade Investment LLC. Although Bill Gates owns many large blue chip stocks, he also has a penny stock in his portfolio.