Friday, August 22, 2008

Maybe this is why he was so chipper

Bill Gates is buying a 5.2% chunk of Strategic Hotels, according to Crain's. Maybe that is why Laurence Geller had the views he did about the industry last month. Seriously, in any event, good for both of them. Hopefully this gives Strategic cash to do some good things. I still see this company going nowhere but up, and the Gates investment sure makes me feel better.

Have a great weekend!


Anonymous said...

Cash? I assumed this was an open market purchase. I would bet that Gates was in there buying in the $7 range. I wonder who the moron's where that sold shares that cheaply.