Mario Gabelli (Trades, Portfolio) of GAMCO Investors discussed a current stock pick at the Great Investors’ Best Ideas Symposium in Dallas on Oct. 18. He has presented multiple times over the event’s 10-year history and revealed his stock pick for this year is in equipment rentals. The stock is Herc Holdings (NYSE:HRI), a spinoff from Hertz Global Holdings (NYSE:HTZ).
Gabelli touched on our country and our world’s current economical, political and societal conditions, highlighting areas where money is spent, such as the military, housing, infrastructure, health, etc. He emphasized the state of our country’s infrastructure, citing that 40% of bridges are rated D minus. Continue Reading »