Mario Gabelli Says Warren Buffett Should Buy AutoNation
Value investor Mario Gabelli says Berkshire Hathaway’s second-quarter results should be better than the first quarter. Speaking at the annual meeting, the CEO of Gabelli Asset Management also said Warren Buffet should consider AutoNation as his next acquisition. Gabelli said in terms of his own investments, he still likes health and wellness plays, and water. Gabelli also said he recently started investing in the defense sector, and Honeywell is his largest holding in that space. He also likes United Technologies , Lockheed Martin and Northrop Grumman.