I have followed Gabelli successfully for years and without a doubt IMO he is after the big $dollars for which he takes a percent of the profits for his pay. Gabelli is certainly not a penny flipper, $dollars and many of them.
Most importantly the Gabelli team have invested in $OCAT so that $8.50 can be firmly stated to be the concrete bottom and most likely we go higher in Gabelli's judgement.
Most assuredly IMO the Mario Gabelli move to acquire +5% O/S shs which is +2mil shs is a co-ordination move with any or all of the other $OCAT large holders namely:
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