This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Invest Better Than Bill Gates

Republic Services' largest competitors are Allied Waste (AW), Waste Industries (WWIN) and Waste Management (WMI). Of the four, Allied Waste appears to be the best value, with a price-to-earnings /growth ratio of 1.54 and a price-to-sales ratio of 0.84, compared with 1.85 and 1.95 for Republic Services. Bearing those values in mind, I'd substitute Allied Waste for Republic Services to improve on Gates' portfolio.

Grupo Televisa (TV) is the largest TV broadcaster in Mexico. In fact, it's the largest media company in the Spanish-speaking world. As of March 31, Grupo Televisa represented 15.8% of Cascade's portfolio. That $579 million investment, or 19.5 million shares, also represents 4% of Grupo Televisa.

I believe that, given the enormous Hispanic population in the West, Televisa makes an attractive investment for Cascade. This is an example of Peter Lynch's "one up on Wall Street" investment philosophy of looking for trends in your neighborhood. Televisa not only is gigantic in and of itself, but it also had an investment in Univision, which was sold in 2006.

But Televisa is having problems. That sale was dilutive to earnings -- not a good thing. Some affiliates suffered losses. Televisa reported weaker earnings in the first quarter of 2007. Sometimes portfolio positions stay around too long. I'd pass on this one.

Fisher Communications (FSCI) -- representing 0.6% of Cascade Investments' portfolio (455,000 shares worth $22 million), or 5.2% of Fisher -- is an even more local media play than Televisa. Fisher owns TV stations in Washington, Oregon, Idaho and Montana, including KOMO-TV in Gates' home city of Seattle.

3 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs