A pioneer in value investing, Gabelli Funds (www.gabelli.com) is credited with developing the Private Market Value with a Catalyst™ stock selection process. Since launching our flagship Gabelli Asset Fund (GABAX) in 1986, we have evolved into a diversified global financial services company offering an extensive range of investment capabilities. Fundamental bottoms-up research combined with long-term accumulated knowledge of sectors and companies has been key to our success. For more real time portfolio insights & stock ideas subscribe to GabelliTV on YouTube. Social Media: Twitter, LinkedIn, Instagram, Facebook
The Nation State Companies
Free Apple Picking
Utilities – U.S. Mid-Year Outlook 2020
Through the first half of 2020, the S&P 500 Utilities Index (SPU) returned a negative -11.4% (including dividends) compared to a -3.1% return from the S&P 500.
The Great Outdoors
Update on Elective Procedures
A Day of Next-Generation Sequencing: Leerink Annual Next Gen Sequencing Day
On June 8th, 2020, Leerink virtually hosted its annual Next-Gen Sequencing (NGS) Day. Various companies participated in a fireside chat format, including NeoGenomics, Invitae, Illumina, and Natera. We summarize the key takeaways from the day, highlighting how NGS will be an integral part of future diagnostics advancements.
Biotech Scavenger Hunt List: AstraZeneca Merger Interest
On June 7, 2020, Bloomberg reported that AstraZeneca (AZN) approached Gilead Sciences (GILD) about a potential merger.
The New Sony
Company Update: SmileDirectClub, Inc.
We compare SmileDirectClub’s clear aligner product offering vis-à-vis Align Technology’s product offering. Align has noted SDC’s model does not compete directly as Align goes through its doctor base for all its products.
COVID-19 Accelerating The Digital Revolution
Gabelli Funds identifies some of the implications of the Digital Revolution in various industries, as well as companies that will benefit from these trends.
Berkshire Hathaway: The American Tailwind Company
Company Update: Conmed Corp. (CNMD: NYSE)
Conmed reported first quarter 2020 financial results. Revenue decreased 2% to $214 million with organic revenue down 3.6%.
Business & Testing Update: Abbott Laboratories
Abbott Labs on target to ship 5 million tests in April, ramping up to 26 million tests in June. Abbott Laboratories has launched three diagnostic tests for coronavirus since March 18, 2020. The company is on target to ship 5 million tests in April, ramping up to 26 million tests in June.
U.S. Local Broadcasters: Impact of COVID-19
Stress Testing Utility Dividend Policies
Currently, dividends as percent of 2020 EPS are reasonably low at 61%, and short-term impacts associated with commercial and industrial sales and bad debt/un-collectibles are recoverable through the regulatory process.
The State of Gold: Metals and Miners
COVID-19’s Positive Impact on the Video Game Industry
As a result of people playing more video games, the major video game stocks have held up well comparatively to the market as investors look for beneficiaries of the current COVID world.
Top 10 Reasons to Buy Utility Stocks During the Coronavirus Correction
On March 12, 2020, the S&P Utility (SPU) Index declined 10.2% and is now down 23.1% from an all-time high reached February 18, 2020. This compares to the S&P 500, down 26.6% from all-time high reached February 19, 2020.
A Sector for Half a Century
GAMCO Chief Communications Officer Jennifer Schlueter recently sat down with the firm’s Automotive team to talk about megatrends in the global automotive sector, the competitive moats some companies have in the aftermarket space and how China factors in the sector. Edited for space and clarity, this is part one of a two-part series.
Wind from Behind and Sunshine Ahead
Recently, utility stocks have been very strong, specifically green energy, renewable and water utility stocks. American Water Works (AWK), Brookfield Renewable Partners (BEP), NextEra Energy (NEE) and NextEra Energy Partners (NEP) are all up over 10% as of mid-February after rising over 30% last year.
ESG Issue Series: Renewable Portfolio Standards
Renewable Portfolio Standards (RPS) are state-level regulation standards that specify the percentage of electricity to be generated from renewable resources (wind, solar or other) that utilities will sell. Although RPS differ widely by state, the regulations essentially obligate an electric utility to diversify energy sources and promote local energy development.
ESG Insights Q4 2019
The Gabelli ESG Fund (Class AAA: ESGGX) invests in companies based on fundamental research, using a three pronged approach which includes: (a) certain sustainable themes such as water scarcity, health & wellness and renewable energy…
ESG Issue Series: Data Security
Safeguarding data collected is basic operational risk management for firms with access to private information. Growing global concerns around privacy are highlighting this particular ESG risk more than in the past.
Meridian Bioscience Stepping in for Coronavirus
Meridian Bioscience made an announcement that has driven its share price up 20%. The company has 43 million shares outstanding and closed on [insert date] at $11.50, for an equity market cap of $495 million.