Last Update: 12-31-1969

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  • NetSuite: Consider This Tech Stock For Long-Term Growth.

    Since the cloud market has matured with time, various customers are now moving their ERP application to cloud, this leveraged growth of cloud enable ERP application software market. Market research companies like Price Water Cooper anticipates the market size of SaaS (Software As Application Service) based ERP solution would reach to a size of $78 billion by end of 2016, while the conventional ERP market can slide by 30% to $15 billion. Various software companies are now eyeing this growth market to leverage its top and bottom line.

    Netsuit (N) is one such company that provides ERP solution on cloud and has been witnessing a constant growth propelled by its innovative product and cloud market size. An investor of Tech stock can consider including NetSuite in their portfolio, as it can provide good returns in future.


  • Bernard Horn Increases Stakes in Three Positions During 1QFY15

    Bernard Horn (Trades, Portfolio) of Polaris Global Value Fund increased his stakes in three positions during 1QFY15, according to GuruFocus Real Time Picks.

    Horn increased his stakes in Marathon Oil Corp (MRO) by adding 76,300 shares that were purchased at an average price of $27.13 a share.   

  • Mario Gabelli Comments on Kraft Foods Group Inc

    Kraft Foods Group Inc. (0.2%) (KRFT – $87.12 – NASDAQ), based in Northfield, Illinois, is the North American grocery business of Kraft Foods Inc., which was separated through a tax-free spin-off to shareholders on October 1, 2012. As a result, shareholders received one share of Kraft Foods Group Inc. for every three shares of Kraft Foods Inc. common stock, which was subsequently renamed Mondelēz International Inc. (0.5%). Kraft Foods Group is comprised of the North American grocery operations, excluding the snack businesses, which generated approximately $18.2 billion of revenue from leading brands such as Maxwell House coffee, Oscar Mayer meats, Jell-O desserts, Cool Whip toppings, and Cracker Barrel, Kraft, Polly-O, and Velveeta cheeses. On March 25, 2015, the H.J. Heinz Company and Kraft signed a definitive agreement to merge and form the Kraft Heinz Company. Accordingly, shareholders of Kraft will receive a $16.50 per share special dividend and 49% ownership of the newly formed company, which will be the third largest food and beverage company in North America and the fifth largest globally. The remaining 51% will be owned by current Heinz shareholders, 3G Capital, and Berkshire Hathaway.

    From Mario Gabelli (Trades, Portfolio)’s Asset Fund Q1 2015 Commentary.  

  • Mario Gabelli Comments on Exelis Inc

    Exelis Inc. (0.5%) (XLS – $24.37 – NYSE) is a leader in C4 (command, control, communications, computers) and ISR (intelligence, surveillance and reconnaissance) products and information and technical services. The company provides mission critical systems in integrated electronic warfare, sensing and surveillance, air traffic management, information and cyber security, and networked communications. Products in the Information and Technical Services segment include large scale ground communication networks for NASA and the DOD, national intelligence defense against chemical, biological, and explosive threats, space ground and range systems for U.S. military launch, logistics, and base operations to the armed forces, and air traffic control management. On February 6, 2015, XLS announced a definitive agreement under which Harris Corp. will acquire the company in a cash and stock transaction valued at about $24.70 per share. Under the terms of the deal, XLS shareholders will receive $16.625 in cash and 0.1025 of a share of Harris common stock. Based on the Harris closing price of $78.70 per share and including the $140 million of XLS net debt and underfunded pension liability of $2.1 billion, Harris is paying about $6.8 billion for XLS. The transaction EBITDA multiple of 12.6x (XLS estimated 2015 EBITDA is $540 million) is in line with the industry’s deals. The deal is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and XLS shareholder approval.

    From Mario Gabelli (Trades, Portfolio)’s Asset Fund Q1 2015 Commentary.  

  • Mario Gabelli Comments on AMETEK Inc

    AMETEK Inc. (1.7% of net assets as of March 31, 2015) (AME – $52.54 – NYSE) is a leading global manufacturer of analytical instruments for the process, aerospace, and industrial markets, and a leading producer of electric motors and blowers for the floor care and outdoor power equipment markets. In the near term, the company continues to experience growth in its longer cycle businesses in the aerospace, power generation, and process industries. Longer term, the company continues to make acquisitions to augment growth. In 2015, AMETEK expects one half to two thirds of its revenue growth to come from acquisitions. The company is focused on acquiring differentiated businesses with revenues of $150-$300 million. The company expects to spend ~$1 billion on acquisitions this year. AMETEK also decided to moderate its investment into the Floorcare and Specialty Motors end market within the Electromechanical Group; we believe the segment may be a prime spin-off candidate.

    From Mario Gabelli (Trades, Portfolio)’s Asset Fund Q1 2015 Commentary.  

  • Mario Gabelli’s Asset Fund Q1 2015 Commentary

    To Our Shareholders,

    For the quarter ended March 31, 2015, the net asset value (“NAV”) per Class AAA Share of The Gabelli Asset Fund increased 0.8% compared with an increase of 1.0% for the Standard & Poor’s (“S&P”) 500 Index. See page 2 for additional performance information.


  • Ken Heebner's CGM Focus Fund Q1 2015 Letter

    To Our Shareholders:

    CGM Focus Fund increased 2.2% during the first quarter of 2015 compared to a return of 1.0% for the Standard and Poor’s 500 Index (“S&P 500 Index”).


  • KEELEY Small Cap Value Fund Comments on Exelis Inc

    The Fund’s top position during the quarter was Exelis Inc. (XLS), a former spin-off of ITT Corp. (ITT), and Exelis also recently spun-off a division of their own in Vectrus Inc. (VEC). During the quarter the stock rose over 37 percent and added 46 basis points of performance to the Fund. Shares of the defense contractor jumped sharply in February after they agreed to be acquired by rival Harris Corp. (HRS) in a deal valued at $4.75 billion. While we believe there may be good synergies between the two companies, valuations became high enough that we exited the position soon after the announcement.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  

  • KEELEY Small Cap Value Fund Comments on Intrawest Resorts Holdings Inc

    The second largest detractor during the quarter was Intrawest Resorts Holdings Inc. (SNOW) which fell over 26 percent and cost the Fund 24 basis points in performance. Shares of the leading mountain resort and adventure company were negatively impacted by the rise of the U.S. dollar, since almost half of their revenue is generated in Canada. Despite the revised guidance due to the currency impact, we believe the long-term fundamentals remain intact.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  

  • KEELEY Small Cap Value Fund Comments on Helix Energy Solutions Group Inc

    Although energy stocks did not have a material impact on our results during the quarter, Helix Energy Solutions (HLX) was the Fund’s leading detractor after falling over 37 percent and detracting 38 basis points of return from the Fund. Despite having exposure to longer-term, offshore energy projects, Helix was not immune to price pressure given the dramatic weakness in the price of oil. With continued uncertainty around the price of the commodity, coupled with the fact that Helix and other service providers may be more vulnerable to an extended decline, we decided to exit the position during the quarter.

    From John Keeley (Trades, Portfolio)’s KEELEY Small Cap Value Fund Q1 2015 Commentary.  

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