Connect with us

Hi, what are you looking for?

Jewish Business News


2 Picks from Mario Gabelli: Chemtura, Pep Boys


Mario Gabelli increased his position in specialty chemicals company Chemtura (CHMT) from $6.32 million to $7.27 million; Gabelli owns 5.01%of Chemtura’s shares. The company has a market cap of $2.3 billion. It was announced recently that its Vice President, Anne Noonan, resigned. While the stock missed recent earnings and revenues estimates, the company is selling off a lucrative asset, and Gabelli sees the stock doubling in the next five years.

The Pep Boys Manny, Moe & Jack is a position Gabelli increased from $5.58 million to $6.16 million and owns 11.56% of the company. It has a market cap of $554 million. The company reported in-line earnings and missed revenues in June, and in September, it has missed on both earnings and revenues. However, some think that company is overvalued by as much as 30% and is worth buying on the decline. That might have been Gabelli’s line of thinking, as well.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.



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...


The Movie The Professional is what made Natalie Portman a Lolita.


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...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.