Mario Gabelli: $AAPL Could be Worth $1 Trillion

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This fund run by a SAC Capital alum bought restaurant stocks amid the pandemic

restaurantPrentice Capital Management was up 6.6% for the first four months of the year, compared to the S&P 500's 9.3% decline and the Russell 2000's 21.1% decline. The HFRX Equity Hedge Index was down 9.4% for the quarter. Q1 2020 hedge fund letters, conferences and more Gross and net exposures In his first-quarter letter to […]

Mario Gabelli, GAMCO Investors chairman & CEO, discusses the problems and consequences facing News Corp’s hacking allegations, Wal-Mart’s bribery charges and his take on Apple’s stock and what the tech giant should do with all its cash.