Bill Gates’ managed investment fund, Cascade Investment, has been selling off its stake in Pacific Ethanol at a loss. Naturally, the stock has hit a 52-week low ($3.15) from a high of $15.10.
[...] Pacific Ethanol, a struggling ethanol producer, today reported a 50% drop in quarterly revenue. The company has been struggling for two years, even Bill Gates’ investment firm got sick of losing money. [...]
[...] Pacific Ethanol, a struggling ethanol producer, today reported a 50% drop in quarterly revenue. The company has been struggling for two years, even Bill Gates’ investment firm got sick of losing money. [...]