Warren Buffett likes trash.
The well-known investor, whose every financial move is watched closely by Wall Street, has substantially increased his investment in Republic Services Inc., the nation´s No. 2 solid waste management company.
In a new filing with the U.S. Securities and Exchange Commission, Buffett´s Berkshire Hathaway Inc. says it held 8,290,500 shares of the company´s stock as of the end of 2009.
That compares with 3,625,000 shares at the end of last year´s third quarter.
Buffett joins billionaire buddy Bill Gates with substantial holdings in Republic Services. Gates has been a long-time investor in the company, and Buffett only started buying stock within recent months. Berkshire Hathaway, a publicly traded company, owns stock in about 40 other firms.
Contact Waste & Recycling News senior reporter Jim Johnson at 937-964-1289 or [email protected]