Well-known value investor Mario Gabelli was on CNBC to discuss US equities and the pockets of the stock market and specific stocks which are attractive.
-- Investing environment: Yes, short-term there is a big rally but market volatility is just a noise and should be ignored. Recommends looking at the company five years down the line.
-- Look for good companies with consistent earnings. Thinks Sara Lee (HSH, Financial) spin-off Hillshire Brands is very attractive; someone will buy them.
-- BEAM (BEAM, Financial) is another one he loves, a consistent earnings grower.
-- Uncertainty will be removed once election is over and lot of clarity will come into how the regulations will shape up.
--M&A activity will pick up after the election.
-- 2014 will be a very bright year.
Credit and source: www.cnbc.com, CNBC
Here is the video:
-- Investing environment: Yes, short-term there is a big rally but market volatility is just a noise and should be ignored. Recommends looking at the company five years down the line.
-- Look for good companies with consistent earnings. Thinks Sara Lee (HSH, Financial) spin-off Hillshire Brands is very attractive; someone will buy them.
-- BEAM (BEAM, Financial) is another one he loves, a consistent earnings grower.
-- Uncertainty will be removed once election is over and lot of clarity will come into how the regulations will shape up.
--M&A activity will pick up after the election.
-- 2014 will be a very bright year.
Credit and source: www.cnbc.com, CNBC
Here is the video:
