Mario Joseph Gabelli was born in New York on June 19, 1942. He is the CEO and creator of GAMCO Investors, as well as an investor, financial counselor, and philanthropist. Gabelli was named to Barron’s All-Century Team as one of the most prominent portfolio managers in the mutual fund business. Before founding Gabelli Asset Management Company, Mario Gabelli worked as a security analyst. Mario Gabelli’s net worth is expected to reach $1.8 billion in 2022. He prefers to look at the price per share above the share price and ranks firms based on cash flow rather than earnings. Gabelli Asset Management Company, the predecessor to GAMCO Investors, was created in 1976. In 2005, the company’s name was changed to GAMCO Investors. Some of the most well-known names in its portfolio are American Express Company, Madison Square Garden Sports Corp., and Alphabet Inc.
Insider Monkey highlighted these 10 stocks to buy in 2022 according to Billionaire Mario Gabelli. Ryman Hospitality Properties, Inc. is a hospitality and media firm with a nearly century-long history. The business has just made a strong resurgence. Despite a 17 percent increase in room rates, Gaylord hotels had a 71 percent occupancy rate in April. Madison Square Garden Sports Corp., a holding firm, accounted for 1.03 percent of GAMCO Investors’ portfolio in the first quarter of 2022. The firm owned 641,507 shares worth $115.06 million in the corporation. Textron Inc. is an industrial multinational based in Rhode Island. Aerospace, defense, and automobile are the three divisions of the company’s subsidiaries. Pipistrel, a Slovenian aircraft company, was acquired by the multi-industry firm in April 2022. CNH Industrial N.V. manufactures and distributes agricultural, construction, and heavy equipment machinery. Exor, a Dutch holding company, owns a large portion of the corporation, with 26.9% of common stock and 42.5% of voting rights. Crane Holdings Co. is a Stamford, Connecticut-based holding company. For the past five years, the company’s earnings have increased by 27% every year. Aerospace and electronics, payment and retail technologies, fluid management, and sensor and control systems are among the company’s offerings. For more details, click 10 Best Stocks To Buy In 2022 According To Billionaire Mario Gabelli.