Bill Gates Cashing Green

Edit Staff | Wednesday, November 21, 2007 | 8:12 AM PT | 1 comment

Bill Gates’ investment fund, Cascade Investments decided to sell the 20% stake it controlled in Pacific Ethanol, a Sacramento, Calif.-based company. Stock tumbled, 22% when the news came out yesterday to $4.43 a share. This company’s shares traded hands at $42 a share just a year-and-a-half ago and is a perfect example of how hype is at play when it comes to Green investment. Continue Reading at Earth2Tech.

1 comment so far

November 21st, 2007
12:28 PM PT
cyclepromo said:

Anyone dumping 20 per cent is going to cause the stock price to dive. having Gates dump the stock is even worse.

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