Monday, November 15, 2010

Airport Naked Body Scans - Cui Bono?

Who benefits? Certainly not us the small people.

Ever since the 2009 Christmas panty bomber scare, ex-Homeland Security chief Michael Chertoff's agency has been peddling the airport scanning machine called Rapiscan, made by Rapiscan Systems.

Rapiscan's parent company is OSI Systems (Ticker symbol: OSIS).

The biggest shareholder of OSI Systems looks like Wells Fargo & Company, holding 11.92% of shares outstanding, valued at $61 million.

Who is the biggest shareholder of Wells Fargo?

Why it's Warren Buffett's Berkshire Hathaway, holding 6.12% of shares outstanding, valued at slightly over $8 billion.

Who else holds OSI Systems' shares?

George Soros. Oh what a surprise. He's everywhere.

On December 24, 2009, OSI Systems' shares traded at $22.02. Today, they ended at $36.12. So, these super-wealthy investors have enjoyed 64% gain on their investment in 11 months. Not bad, not bad.


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