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Sally Jones
Sally Jones
Articles (580) 

'Super Mario' Gabelli Micro Moves

GAMCO Investors’ Chairman and Chief Executive Officer Mario Gabelli slightly reduced his positions in integrated media company Fisher Communications Inc. (FSCI) by 0.43% and technology company Intermec Inc. (IN) by 0.13%, both traded on March 5, 2013. Gabelli now holds 1,848,444 shares of FSCI, at a current price of $38.61, and 6,519,784 of IN shares, at a current price of $9.87. Both stocks show 0% change from the average.

The largest stakeholder in Fisher Communications, Gabelli has held FSCI in his stock portfolio since the fourth quarter of 2008. As of February 2013, he owns 27.8% of Fisher’s stock. Fisher Communications Inc. owns and operates over 13 full power and seven low-power television stations and three radio stations. Its television and radio stations are located in Washington, Oregon, Idaho, California and Montana. Conducting operations through two subsidiaries, Fisher Broadcasting Company and Fisher Media Services Company, the company also owns and operates Fisher Plaza, a mixed-use commercial facility and data center located near downtown Seattle. Gabelli also holds other media and broadcast companies Cabelvision Systems Corp (NYSE:CVC) and DirecTV (NYSE:DTV).

The billionaire investor Guru Gabelli also slightly reduced his position in Intermec (IN) on March 5, 2013. Now part of Honeywell’s (NYSE:HON) automation and control solutions business, Intermec products include mobile computing products, bar code scanners, wired and wireless bar code printers and label media products, and radio frequency identification products, all designed to withstand harsh conditions and heavy use. Intermec’s mobile computers allow a customer's employees to automatically and wirelessly collect, send and receive data to and from remote computers.

Compare Gabelli’s holding history of both FSCI and IN stocks:

In a CNBC interview on Valentine’s Day 2013, Gabelli said that the market is in the middle of the “fifth wave” of mergers and acquisitions, and that Fisher Communications (FSCI) is one of five companies that will benefit. With a Fisher sale in discussion for over a year, the GAMCO chairman and CEO still prefers a leveraged restructuring as opposed to an outright sale of Fisher Communications. See a detailed analysis of Fisher Communications Inc.

GAMCO Investors lists 792 stocks in a portfolio valued at $13.6 billion, with a quarter over quarter turnover at 6 percent. At the end of fourth quarter 2012, GAMCO Investors Inc. (GAMCO) (NYSE:GBL) announced fourth quarter earnings of $17.6 million, and assets under management at $36.4 billion, a record at year-end.

For detailed insight into GAMCO Investors (NYSE:GBL)

Here’s a look at Mario Gabelli’s recent Top Buys, Top Sales and Top Holdings:

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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

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