victor,
He was very brief. Louis Rukeyser does have a site. I'll see if
I can find it.
Telephony Companies Recommended by
Mario Gabelli on 'Rukeyser'
Bloomberg News
February 19, 1999, 8:43 p.m. PT
Owings Mills, Maryland, Feb. 19 (Bloomberg) -- Telephony
companies including Commonwealth Telephone Enterprises Inc. and
Telephone and Data Systems Inc. were among companies Mario J.
Gabelli recommended on Public Broadcasting System's ''Wall Street
Week With Louis Rukeyser.''
Gabelli, whose Gabelli Asset Management Inc. earlier this
month sold 6 million shares, or 20 percent of the firm, for $150
million, said ''deals are the characteristic of the landscape,''
for the next year. This includes joint ventures in addition to
acquisitions, he said.
Gabelli said the 1996 Telecommunications Act ''has opened
up'' Commonwealth Telephone and other telecommunications
companies to mergers or acquisitions. Transactions are likely in
other industries as well, he said. Banks, brokerages, and
utilities are in play, Gabelli said.
Dallas, Pennsylvania-based Commonwealth Telephone's shares,
which rose 7/16 to 28 5/8 today, could double in the next three
years, he said. Shares in Telephone and Data Systems could triple
in that same time from today's closing price of 50 3/8, he said.
Gabelli defended his investment in funeral services company
Loewen Group Inc. as a ''cemetery play.'' Gabelli's funds hold
about 5.2 percent of Loewen, whose share price has plunged about
86 percent in five months to 2 1/8 today.
''What we like to do is buy, buy, buy when everyone doesn't
want it,'' Gabelli said. ''If we like a company, we're not buying
a piece of paper, we're buying a business and the cheaper it gets
the better we are.''
Among the panelists, Alison Deans of Zweig DiMenna
Associates recommended Hibbet Sporting Goods Inc. and Furniture
Brands International Inc., which should benefit from continued
strong consumer spending.
Michael Holland, a money manager with Holland & Co. LLC,
likes technology companies including International Business
Machines Corp., Compaq Computer Corp. and Hewlett-Packard Co.
--Courtney Schlisserman in the New York newsroom (212) 318-2300,
More News: CPQ |
