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Mario Gabelli: "Housing is at a bottom, it's going to recover"

January 11, 2012 | About:
Mario Gabelli of GAMCO Investors discusses dividend stocks and the industries that have the best prospects for maintaining their dividends. He specifically mentions Nestle (NSRGY), General Mills (NYSE:GM), Bristol-Myers Squibb (NYSE:BMY), United Technologies (UT).

  • "We currently have the signs of a growing economy. But it's going to lose its power in terms of momentum unless we can do something about housing. And there are a lot of other structural dynamics. Short term the numbers look good."
  • "Housing is at a bottom, it's going to recover. That's going to be an important element for job creation, consumers feeling better."


About the author:

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Charlie Tian, Ph.D. - Founder of GuruFocus. You can now pre-order his book Invest Like a Guru on Amazon.

Rating: 2.7/5 (10 votes)

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GuruFocus has detected 6 Warning Signs with Nestle SA $NSRGY.
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