https://finance.yahoo.com/news/mario-gabelli-says-bought-shares-175358024.html
CNBC
Liz Moyer
CNBCNovember 9, 2017
Mario Gabelli said his fund company bought Mattel
(NASDAQ: MAT)
, calling it a "work in progress."
Shares of the toy company shot up 6.6 percent on Thursday amid his comments.Mattel, the maker of Barbie, Fisher Price and other toys, said last month that global sales fell 13 percent in the third quarter, largely because of the bankruptcy of retailer Toys R Us.
Gabelli told CNBC's '
Halftime Report
" panel that he liked Hasbro as well, but doesn't own any. He said he liked Mattel because of the price. The stock has fallen 48 percent this year.
He is also buying small company stocks in entertainment and gaming, naming Golden Entertainment, Eldorado Resorts and RLJ Entertainment. "There are so many interesting companies out there where you could double or triple your money," he said.
Gabelli has said he likes shares of companies that control media content, whether that be movies, television or music. Gabelli funds own shares of AT&T
(NYSE: T)
, Time Warner
(NYSE: TWX)
, Walt Disney Co
(NYSE: DIS)
., and 21st Century Fox
(NASDAQ: FOXA)
, among other companies.
CNBC reported earlier this week that Disney had approached 21 Century Fox about a potential deal to buy its movie and television production assets.AT&T struck a deal to buy Time Warner last year but finalizing the transaction has stalled as the Justice Department continues to review it for anti-trust. On Wednesday, word came that the government might seek a sale of Time Warner's Turner Broadcasting, a unit that includes CNN, or its DirectTV business to get approval for the merger.
Mario Gabelli said his fund company bought Mattel
(NASDAQ: MAT)
, calling it a "work in progress."
Shares of the toy company shot up 6.6 percent on Thursday amid his comments.
Mattel, the maker of Barbie, Fisher Price and other toys, said last month that global sales fell 13 percent in the third quarter, largely because of the bankruptcy of retailer Toys R Us.
Gabelli told CNBC's '
Halftime Report
" panel that he liked Hasbro as well, but doesn't own any. He said he liked Mattel because of the price. The stock has fallen 48 percent this year.
He is also buying small company stocks in entertainment and gaming, naming Golden Entertainment, Eldorado Resorts and RLJ Entertainment. "There are so many interesting companies out there where you could double or triple your money," he said.
Gabelli has said he likes shares of companies that control media content, whether that be movies, television or music. Gabelli funds own shares of AT&T
(NYSE: T)
, Time Warner
(NYSE: TWX)
, Walt Disney Co
(NYSE: DIS)
., and 21st Century Fox
(NASDAQ: FOXA)
, among other companies.
CNBC reported earlier this week that Disney had approached 21 Century Fox about a potential deal to buy its movie and television production assets.
AT&T struck a deal to buy Time Warner last year but finalizing the transaction has stalled as the Justice Department continues to review it for anti-trust. On Wednesday, word came that the government might seek a sale of Time Warner's Turner Broadcasting, a unit that includes CNN, or its DirectTV business to get approval for the merger.
More From CNBC
Strategist Tom Lee: Markets may be 'fatigued,' but no major warning signs yet
Roku shares skyrocket over 50% as sales crush Wall Street estimates
A leading indicator for stocks is breaking down
Recent MAT News
- Mattel Television Studios Announces New Animated “Polly Pocket: Adventures in Rio,” Premiering September 16 on Prime Video in the U.S. and U.K. • Business Wire • 09/16/2024 08:41:00 PM
- Mattel Television Studios Debuts Animated Music Video for ‘I Love You (I Love Me Too)’, Reveals New Images from Barney’s World • Business Wire • 09/16/2024 01:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/13/2024 08:20:02 PM
- Mattel Appoints Jennifer Kettnich Vice President, Investor Relations • Business Wire • 09/12/2024 05:11:00 PM
- A Sweet Surprise Arrives for American Girl Fans with the Debut of Summer McKinny™ — the 2025 Girl of the Year™! • Business Wire • 09/12/2024 02:00:00 PM
- Mattel Appoints Ken Wee as Executive Vice President and Chief Strategy Officer • Business Wire • 09/10/2024 05:03:00 PM
- “Barney’s World” to Premiere Monday, October 14 on Max • Business Wire • 09/04/2024 01:00:00 PM
- ADDING MULTIMEDIA Barbie Launches New Brand Campaign Championing Parents’ Belief in Kids’ Potential • Business Wire • 08/31/2024 03:47:00 AM
- Barbie Launches New Brand Campaign Championing Parents’ Belief in Kids’ Potential • Business Wire • 08/31/2024 02:10:00 AM
- High Volatility Expected in Nvidia Report, Ambarella Soars 20%, Hertz Strengthens Board, Apple Cuts Jobs • IH Market News • 08/28/2024 09:50:36 AM
- Mattel to Participate in Goldman Sachs Communacopia and Technology Conference • Business Wire • 08/27/2024 08:05:00 PM
- Fisher-Price® and John Legend Partner to Release Covers of Three Fisher-Price Songs • Business Wire • 08/27/2024 12:00:00 PM
- Mattel Announces Multi-Brand Collaboration Celebrating Barbie Fashion Through The Decades, From The Lens Of Five Female Founded Canadian Designers • PR Newswire (Canada) • 08/15/2024 03:00:00 PM
- Mattel, AirConsole, and BMW Group Announce World Premiere of UNO Car Party! for In-Car Gaming • Business Wire • 08/15/2024 11:00:00 AM
- Mattel Appoints Sai Koorapati Senior Vice President and Chief Technology Officer • Business Wire • 08/14/2024 05:15:00 PM
- Mattel’s UNO® Brand Scores a Touchdown with New Premium Collectible Deck - UNO Elite™ NFL • Business Wire • 08/07/2024 01:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:52:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:50:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:48:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:46:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:39:12 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/30/2024 08:06:07 PM
- Mattel and A Parent Media Co. Inc. to Bring Beloved Franchise Series to Kidoodle.TV Service • Business Wire • 07/25/2024 05:00:00 PM
- Tesla Falls 7% on Profit Miss, Deutsche Bank Down 8% on Loss, Alphabet Drops 3% – Earnings Recap • IH Market News • 07/24/2024 09:47:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/23/2024 08:06:45 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM