Value investing guru Mario Gabelli is finding value in some intriguing areas of the market, including the auto and health and wellness industries. Gabelli tells Fox Business Network how he tries to balance long-term and short-term factors. “We try to look out over the next 10 years, what sectors will work,” he says. “For example the rising middle class in India and China and what does that mean for companies like Boeing and what does… Read More
Top value strategist Mario Gabelli says that if he were Warren Buffett, he would be looking to purchase companies with some very specific characteristics. Gabelli tells Bloomberg that he’d target companies with “cash flow, sustainability, and a U.S. base that have global earnings power and that can index with inflation”. What might such a company look like? “If you bought Heinz, you could buy a cereal manufacturer,” he speculated. Gabelli also talks about Berkshire’s portfolio construction,… Read More
Top value investor Mario Gabelli says he is finding “great ideas” in the stock market right now. “This is going to be an extraordinarily exciting year to find stocks and we are enthusiastic all the time because when we look … we continue to find great ideas,” Gabelli tells FOX Business Network. “Financial engineering is alive and well — Heinz, Dell, these are things that stimulate the appetites.” Gabelli says that while Europe’s troubles are… Read More
Top value investor Mario Gabelli is finding value in the market, but he’s concerned about the “three Fs”: food, fuel, and the fiscal cliff. In a Bloomberg interview, Gabelli talks about broader strategy and some individual companies he’s high on. He also says that one bright spot right now is that whoever wins the Presidential election, it appears corporate tax rates will decline.
Top value investor Mario Gabelli says he doesn’t think the stock market will do much between now and year-end. Gabelli tells Bloomberg that the U.S. needs to address its budget issues to put itself back on the path to prosperity, but says he’s more concerned with looking at individual companies that are good investments. He also talks about some companies that he thinks are good takeover targets.
Value investing guru Mario Gabelli says a number of factors are pushing and pulling on stocks right now, and recently discussed some of those issues with Bloomberg. Gabelli says about 20% of S&P 500 companies’ earnings come from Europe, and that first quarter results and second quarter estimates for those European earnings are likely to be “bleak”. He also says the end of the Federal Reserve’s “Operation Twist”, and the “fiscal cliff” facing the U.S.… Read More
Value investing guru Mario Gabelli says companies that spin off parts of their businesses are a prime area to look for good investments. Gabelli tells CNBC that he likes investing in companies that have a history of splitting off successful businesses, or which could split off businesses. Then he invests in both firms. “How do you take a company and take its capital and move it to its highest rate of return? Split-ups are an… Read More
Top value investor Mario Gabelli is high on stocks in the automobile, cloud computing, and snack food industries in 2012. Speaking as part of Barron’s 2012 Roundtable, Gabelli says big growth in auto sales in China, as well as an aging fleet of existing vehicles and the need for different types of trucks due to the widening of the Panama Canal, bode well for a number of auto stocks. Among the picks he likes are… Read More
Top value investor Mario Gabelli says increased efforts in the shale and natural gas arenas would help spur job growth, make the U.S. less dependent on imports for energy, and help with the country’s deficit. Gabelli also tells FOX Business Network that tax reform is key to helping American competitiveness, and says he’s finding interesting opportunities in utilities right now. He adds that he does not expect China’s economy to have a “hard landing”.
The latest issue of Columbia Business School’s Graham & Doddsville newsletter features interviews with three top investors, Leon Cooperman, Mario Gabelli, and Marty Whitman. (Tip of the cap to GuruFocus.com for highlighting the newsletter, which can be downloaded via this link.) In the wide-ranging interviews, Cooperman, Gabelli, and Whitman talk extensively about their own career paths, their broader investment strategies, and their take on the current market. Cooperman, for example, offers his take on why… Read More