GAMCO Investors' Chairman and Chief Executive Officer
slightly reduced his positions in integrated media company Fisher
Communications Inc. (
) by 0.43% and technology company Intermec Inc. (
) by 0.13%, both traded on March 5, 2013. Gabelli now holds
1,848,444 shares of FSCI, at a current price of $38.61, and
6,519,784 of IN shares, at a current price of $9.87. Both stocks
show 0% change from the average.
The largest stakeholder in Fisher Communications, Gabelli has
held FSCI in his stock portfolio since the fourth quarter of
2008. As of February 2013, he owns 27.8% of Fisher's stock.
Fisher Communications Inc. owns and operates over 13 full power
and seven low-power television stations and three radio stations.
Its television and radio stations are located in Washington,
Oregon, Idaho, California and Montana. Conducting operations
through two subsidiaries, Fisher Broadcasting Company and Fisher
Media Services Company, the company also owns and operates Fisher
Plaza, a mixed-use commercial facility and data center located
near downtown Seattle. Gabelli also holds other media and
broadcast companies Cabelvision Systems Corp (
) and DirecTV (
The billionaire investor Guru Gabelli also slightly reduced his
position in Intermec (
) on March 5, 2013. Now part of Honeywell's (
) automation and control solutions business, Intermec products
include mobile computing products, bar code scanners, wired and
wireless bar code printers and label media products, and radio
frequency identification products, all designed to withstand
harsh conditions and heavy use. Intermec's mobile computers allow
a customer's employees to automatically and wirelessly collect,
send and receive data to and from remote computers.
Compare Gabelli's holding history of both FSCI and IN stocks:
In a CNBC interview on Valentine's Day 2013, Gabelli said that
the market is in the middle of the "fifth wave" of mergers and
acquisitions, and that Fisher Communications (
) is one of five companies that will benefit. With a Fisher sale
in discussion for over a year, the GAMCO chairman and CEO still
prefers a leveraged restructuring as opposed to an outright sale
of Fisher Communications.
a detailed analysis of Fisher Communications Inc.
GAMCO Investors lists 792 stocks in a portfolio valued at $13.6
billion, with a quarter over quarter turnover at 6 percent. At
the end of fourth quarter 2012, GAMCO Investors Inc. (
) announced fourth quarter earnings of $17.6 million, and assets
under management at $36.4 billion, a record at year-end.
detailed insight into GAMCO Investors (
Here's a look at Mario Gabelli's recent Top Buys, Top Sales and
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 transaction.
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