Connect with us

Hi, what are you looking for?

Jewish Business News

Money

4 Picks from Mario Gabelli

Mario Gabelli

Mario Gabelli, manager of Gabelli Asset Fund, released the 2nd quarterly letter. The fund rose 4.3% compared to the S&P 500’s 5.2% increase in the same period. In the letter, Gabelli discussed the rising number of mergers and acquisitions, and indicated that this M&A activity could be affected by interest rates and inflation. Due to global conflict, the price of oil has risen, which could threaten economic recovery, since high oil prices tend to hinder consumer spending and growth for companies.

Gabelli Asset Fund started 65 new positions. The following are the 4 largest:

1. Protective Life: 1, 185, 383 shares purchased at an average price of $57 to comprise 0.43% of the portfolio.

2. Micros Systems: 349, 000 shares purchased at an average price of $55 to comprise 0.12% of the portfolio.

3. Susser: 271, 209 shares purchased at an average price of $74 to comprise .011% of the portfolio

4. Measurement Specialties: 208, 700 shares purchased at an average price of  $67 to comprise .094% of the portfolio.

 

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Newsletter

Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

empty

The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...

Business

Now Platika joins and elite club of $10 billion plus Israeli firms.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

Advertisement