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Author: fleg9bo Big funky green star, 20000 posts Top Recommended Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 726078  
Subject: Gore: Not so green anymore Date: 10/4/2012 10:09 PM
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Subtitle: Do as I say.

Al Gore Walks Away From Green Energy

http://www.thestreet.com/story/11727215/1/al-gore-walks-away...

Since 2007, the former Vice President has been preaching the benefits of putting your money where his mouth is: Alternative energy. But if Al Gore has any message for investors today, it might very well be this: "Stay the hell away from alternative energy!"

Gore's company [Generation Investment] files a quarterly report with the SEC that tells a different story about the 30 stocks in its portfolio. His company's public investments in wind, solar, biomass and other alternative energy to combat climate change are practically non-existent. But his portfolio is top-heavy in high-tech, medical instruments, and even more pedestrian investments in companies such as Amazon, eBay, Colgate Palmolive, Nielsen, Strayer University, and Qualcomm. He is also big in China, with stakes in a big Chinese travel agency, CTrip, and China's largest medical equipment manufacturer, Mindray Medical.

And if you want a piece of the natural gas pipeline game -- heavily dependent on the environmentally suspect fracking -- you can find that in Gore's portfolio as well with Quanta Services.
____________________

Screw green -- he just wants the money.

--fleg
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