Mario Gabelli, The Gabelli Funds chairman and CEO, joins the ‘Fast Money Halftime Report’ to discuss his stock picks.
H/T Dataroma
Mario Gabelli’s Stock Picks; Says Fortnite Should Be Banned In Esports
Here’s what’s in Mario Gabelli’s stock portfolio
Mario Gabelli, The Gabelli Funds chairman and CEO, joins the ‘Fast Money Halftime Report’ to discuss his stock picks.
Transcript
The best positioned media stock today is what. Oh that’s. A lot of moving parts here.
What are we talking about. We couldn’t content talked about delivery for example this merger between TMUS and Sprint. People love to do the math. I think it’s brilliant. I think it’s necessary. I mean Verizon has 150 million customers in extraordinarily well managed that position for 5G which is necessary for autonomous driving and a whole bunch of other things for speed. The telephone has done a different dynamic and they’ll have 100 million customers combined to rough from plus or minus. However, Deutsche Telekom owns 80 percent of TMUS and that is worth nine euros out of this 16 euro price. Interesting. But Softbank’s Masayoshi Son he owns 80 percent of the 4 billion shares of Sprint. So he’ll have 320 million shares of TMUS and their stock I bought some today at 53 dollars I didn’t buy a lot but it’s a token and it’s worth a 187. Mark to market with their Alibaba and there’s you take Thomas at eighty two. We think Thomas is going to earn x dollars six dollars in a couple of years have 25 billion of EBITDA 10 billion dollars of CapEx and you know this is gonna be a very competitive. And then you look around the world you always have a fourth player. So I don’t know where these think tanks come in. Again I suffer from tunnel vision on things they are suffering from television. Just look at the US and that how a fourth player works globally. So what do I like today Sony reported. Sony is selling at 56 dollars 1.3 billion shares. The stock has got no debt. They have a financial subsidiary that should spin off and sell and they’re going to figure out what they’re going to reengineer their PlayStation 5 is coming out within. A year some nine in the next six to 12 months and that’s going to be a huge they’ve got 100 million of those things out field mobility is coming out you see what’s going on in eSports, I mean Fortnite. I think they should ban it. What about what about stocks like Disney. What about Disney. Well I talked about Disney when did when we bought we own Fox. We like the new Fox. The new Fox is selling at 37 that stock is a bargain 15 billion a cash flow of EBITDA and two billion dollars in CapEx over the next. So what are they going to do with Fox Sports fox baiting and Fox Nation.
Disney was created by us it was trading at 110 and Iger has got a huge tailwind of the notion of taking on Hulu and creating a new Netflix type subscription service like Disney plus. Yeah whatever the name is. Seven hundred and fifty. The stock is going to earn seven and a half dollars in three years you’re looking at it and put a fifteen to twenty five multiple you know so 15 times 750 is a hundred and five twenty five times 750 you got one hundred eighty dollars so the stock’s stocks 40 plus a minus. And meanwhile it’s just getting a roar from the Lion King like a billion dollars. So what. That’s a big number. Avatar is 3 billion endless Avengers end game was over 3 billion. That’s the new winner.
