So far in 2015, guru Mario Gabelli (Trades, Portfolio) hasn’t been inclined to purchase shares of companies that are new to his portfolio. He has added to several existing holdings and reduced others, but there have been only two new purchases – Courier Corp (CRRC) and Vitesse Semiconductor Corp (VTSS) – in the last three and a half months.
Gabelli’s initial investment in Courier, a Massachusetts-based book manufacturing and publishing company that specializes in education, religion and trade publications, came March 19, when Gabelli bought 375,200 shares for an average price of $24.15 per share. A couple of weeks later, he added 152,000 shares to his stake for an average price of $24.48 per share, then he added 153,000 shares to his portfolio two days after that for an average price of $24.77 per share. Continue Reading »