Mario Gabelli was on CNBC this morning proclaiming the benefits of spinoffs and financial engineering for creating/realizing value for shareholders. His most recent example that his investors were beneficiaries of was Madison Square Garden (MSG, Financial) which was spun out at $18 and is now $54.
Amazingly, the average turnover of stocks in Gabelli's main fund is 8% which means his average holding period is 12 years.
Some ideas from him today that he thinks will double in a reasonable period:
- Gencorp (GY, Financial)
- Legg Mason (LM, Financial)
Amazingly, the average turnover of stocks in Gabelli's main fund is 8% which means his average holding period is 12 years.
Some ideas from him today that he thinks will double in a reasonable period:
- Gencorp (GY, Financial)
- Legg Mason (LM, Financial)
