Also in this playlist...
This transcript is automatically generated
Witted wanna make you wake up -- -- back now with some of his favorite picks for 2013 let's get to the first one this is brand -- -- general court.
Aerospace well I sort following general tire a long time ago in fact the -- will be located on sixth avenue in New York.
Way back when they had radio stations all bunch of -- But today today it would 82 million shares -- symbol is -- eleven dollar stock.
They're trying to buy the rocket dying business and basically puts them into a total package for anything to put birds up in the -- They're in the process of getting clearance from -- on the from the government on this they've already peninsula is the stock will rocket up it right get.
-- up -- up about 2% right now at ten dollars 96 -- the annual -- 1158 so it's not far from that here's the three month chart looks good are you worried at all about.
Sequestration kicking and it is so we short term issues are the real play -- -- is that the housing market is booming in.
We're starting to take off some of 600 doubt in my -- or go to multifamily and it's gonna go higher but they -- significant mental and in Sacramento.
And that land is worth ten dollars a share and it's gonna start getting more liquid over time so -- combination.
Of good fundamentals in the rocket business plus this acreage that's been there forever and they've gotten it parts of the zone so when he buys these you guys he's also looking at long term growth now this next one.
Is an old -- type -- stock Graco.
They make stroller so when I have my little kids and they were very small I was related to McLaren and again one Graco what is it about this company where you say this is it -- Is a Minneapolis facing Paul you know improvement company sixty million shares the Stoxx 58 had a conference call today.
They basically all the -- -- that the painters used instead of using a brush leaves of sprayed.
They have a wonderful business started in 1927 so this is not.
A newcomer and they have great cash flow and pat Mikhail that runs -- and this CFO they do a terrific job of allocating cash.
I think they can earn as much of four or five dollars over the next 44 years out marched up steadily.
And -- the gonna get a windfall of money back from the -- because they that after selling in massive that it can't keep.
And as a result.
That I just clarify that I get that -- it's not the baby -- company aren't so well that's okay don't I've wanted to crack in the got to get things right here at I was told me he's Draco has baby strollers but that's a different company.
This is the one that OK and I know this company it does the spray painting and I look at -- and lubrication on the equipment and they sell this around the world and that's what contract this want.
But you've got the name right that's what important.
And it's fifty unfortunately movie why does that say I was on a conference call its triple G is great though it's on a conference call today.
And that's why the stock is that they report a little better than expected earnings -- the to -- short term momentum investors.
But you can make 50% in three of four years in the stock.
OK and and this one we love.
Sausage seeing how it's may have -- Shire Forbes who are adoring this company right now I'm just so people -- he came in here in yeah worrying about our on the conference call for he'll cipher.
-- dog hot dog what it love it.
Well essentially like things that are easy for me understand and sausages were written about in the homer's -- you know.
I don't have a singer and sausage.
-- -- -- Hello started brand foods and it was spun off from -- early so not only do you point companies at a splitting up.
But when they split up an entity you try to figure out what's attractive about the in the short term there's some hiccups would regard to number of cows being slaughtered which drives the price down -- then go up.
But you have to live through that good cash -- new management focusing on fundamentals.
-- -- in the illiterate they ought to see that they ratings I don't know what it was polio us.
See he knows.
-- only 900 BC I was -- is.
You were there I was doing hands -- racer X thirteen a stock that you think was one of your best in the past five years your best.
Sort of pick well wouldn't you know we have very low turnover and yes the fund which -- -- star fund that is run by Chris wrenching Kevin -- and myself.
And we've been -- after 25 -- like 8% so we buy and hold them.
We don't -- leave them.
And not only that -- think about the following under the new tax law if you make over a certain amount of money you gonna be paying.
Rounded in terms of short term tax and short term gains.
But even at 24% 23 point -- a long term gains you want to buy hold.
And you're buying businesses are run by good management's allocating careful and that's we do -- -- we try to fight it would make a lot of mistakes he sounds like Buffett discussed he bought Berkshire in the -- right and you've done very well you still -- it.
I actually start it would warrant back in 19176.
Because I met him running it -- -- -- Pinkerton it's.
The detective agency.
We've still got a lot of visit with that's right we're always there with you will be there again this year -- LA without obviously Leslie Roland the Friday night before and we'll see you on Saturday Mario leave people with.
The number one thing they should look for when buying -- stock slash that's us well you you wanna buy a business that you can understand and it you can make.
That's has an asset that is easy to understand for example natural gas Marcellus national feeling guess of -- we are stuck and a tree and -- he had those are things that are not complicated and utility in your area.
Within the framework of other elements that can help them propel values.
The -- -- that and that dip right after the start of the year is something where you'd say -- on those types of -- there.
Which is not even as bad as June July.
Well natural gas it's hot another hot season you know but it's -- fundamental to this country American technology at work with fracking.
An American technology will make us less dependent on oil we gonna be more such self sufficient the Bakken and other areas like that.
It's it's really a terrific an exciting time to be.
Watching these dynamics in place we didn't get to sex and religion but we've got to what you really are.
Phenomenal Latin stock picking what we go to an after hours couple hectic OK -- Rosie subject Rosie -- we'll -- -- -- Mario good to see -- always a pleasure Mario Gabelli again co chairman and CEO thirty billion in assets under management started.
Very small now he is where is today closing bell ringing.
Filter by section