According to GuruFocus Real Time Picks, GAMCO Investors'
Chairman and CEO
is actively trading this week, making three significant increases
to his recently updated portfolio of 792 stocks, 41 of them new,
with a total value of $13.6 billion, and a quarter-over-quarter
turnover of 6%.
Booming Oil Patch Loves LUFK - Major Gains
Over the past five years, Gabelli has made enormous gains with
Lufkin Industries (
), the industrial manufacturer of equipment for oil fields and
power transmission systems. His run with LUFK shows an average
cost per share of $9, for a gain of 878%, according to GuruFocus
research that traces Gabelli's buying and selling all the way
back to fourth quarter 2008 when the Guru first bought at $22.55
for a gain of 290.3%.
On April 8, 2013,
again increased his position with Lufkin Industries (
) by 132.8%, trading at an average price of $87.96 per share.
The current share price is $88.18, with a 0% change from average.
The stock is up 53% year to date, with oil the release of new and
improved pumping units and high-speed gear boxes.
After his last trade, Gabelli holds 1,351,883 shares, a stake of
approximately $120 million, and 4.01% of shares outstanding.
His holding history:
Lufkin Industries is a vertically integrated supplier of oilfield
and power transmission products. Lufkin has created a niche by
integrating its products, services and automation in the oil
patch with engineering and customer service support in the
specialty market of high-speed gear manufacturing.
Lufkin's sales are supported by the ongoing U.S. crude oil boom
that is expected to produce 815,000 barrels per day in 2013, the
highest annual output in over 150 years. Lufkin Industries
reported fourth quarter and full year 2012 earnings with 2012
revenues at a record of $1.3 billion, new business bookings also
at a new record of $1.3 billion, and a year-end backlog of $324
million, up 19% year over year.
The company has a market cap of $2.89 billion, and a P/E of 35.9.
The P/S is 2.2915.
Superior Industries International
) is feeling the pinch of foreign exchange rates as well as
decreases in unit shipments and in its average selling price,
also suffering from pass-through price of aluminum, the main raw
material of the road wheel maker. The company's net income for
2012 was $30.89 million, compared to $67.17 million in 2011,
according to GuruFocus research.
As of April 17, 2013, Mario Gabelli added for the second time
last week to his position with Superior Industries International
) by 0.35%, trading in the price range of $17.77, with a change
from average down 3%.
This latest add brings Guru Gabelli's total shares of a top
supplier of cast aluminum wheels to 1,765,708, a stake of around
When Gabelli first bought into the company in the fourth quarter
of 2008, the stock sold at an average price of $12.26. In 2012
Guru Gabelli increased in every quarter, and now has current
6.58% of shares outstanding, surpassed by the new largest
stakeholder Third Management Avenue with 7.71%.
The current SUP share price is $17.16, down 17% year to date.
Superior Industries International has a market cap of $485.35
million, and a P/E of 15.1. The P/S is 0.6.
Gabelli's SUP holding history:
The clock is ticking as Valeant Pharmaceuticals waits to hear if
skin care company Obagi Medical Products Inc. (
) has accepted its buyout offer. About 10 days ago, Valeant
Pharmaceuticals increased its offer to buy out Obagi from $19.75
per share to $24 per share, after being bumped by a German offer
from Merz Pharma GmbH.
Obagi Medical Products Inc. is a biotechnology-based
pharmaceutical company that makes skin care products to treat
common adult skin problems like sun damage and wrinkles.
Valeant pursued Obagi for its product reputation among
dermatologists and plastic surgeons worldwide. Obaji sells in 43
According to Morningstar, this sale could add about 10 cents per
share to Valeant's 2014 earnings estimate.
On April 16, 2013 GAMCO Investors' Mario Gabelli again increased
his position with the skin care company, Obagi Medical Products
, by 12.96%, trading at an average price of $23.96 per share.
The current share price is $23.96, with a 0% change from average.
The stock is up 91% over the last 12 months, with the release of
new products and systems to the worldwide baby boomer sector.
After his last trade, Gabelli holds 1,235,584 shares, a stake of
approximately $29.6 million, and 7.09% of shares outstanding.
Here's a look at how the company's revenue has grown over 10
Obagi Medical Products Inc. 10-Year History of Revenue
In 2012 Obagi's net income was $16.6 million, compared to $10.02
million in 2011.
Mario Gabelli's other top buys, sells and holdings:
GuruFocus "Real Time Picks" reports the stock purchases and
sales that Gurus have made within the prior 2 weeks. The report
time lag can be as short as 2 days after the date of the
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