primarily invests in failed companies and leveraged buyouts. His
business deals typically involve industries such as coal, steel,
telecommunications, foreign investment and textiles.
Ross' investment company, Invesco
, has 14 long positions and a $1.04 billion value.
Ross bought stakes in two new companies in the first quarter. The
smaller buy was 108,500 shares of
Select Medical Holdings Corporation (
at an average price of $9 per share. Shares have since declined
9% from the average price.
Select Medical Holdings Corporation was incorporated on Oct. 14,
2004, as a Delaware corporation. Select Medical Holdings
Corporation has a market cap of $1.16 billion; its shares were
traded around $8.23 with a P/E ratio of 8.10 and P/S ratio of
0.40. Select Medical Holdings Corporation had an annual average
earnings growth of 12.5% over the past five years.
The larger position is
LipoScience Inc. (
. Ross purchased 724,213 shares of LipoScience in the first
quarter for $10 per share on average. The holding is 0.73% of his
Liposcience Inc. is a pioneer in nuclear magnetic resonance
self-diagnostics. Since going public in February 2013 its stock
has declined 46.6%.
Liposcience Inc. has a market cap of $88.1 million; its shares
were traded around $5.59 with a P/E ratio of 43.00 and P/S ratio
. Also check out the Undervalued Stocks, Top Growth Companies and
High Yield stocks of Wilbur Ross.About GuruFocus: GuruFocus.com
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