Posts for Ticker ‘GBL’

GAMCO, Gabelli, Files To Raise Cash (GBL)

money-stack-imageIt was not that long ago that GAMCO INVESTORS INC. saw its credit rating hurt by an S&P downgrade, sort of.  S&P put the parent of Gabelli Funds credit rating outlook at Negative. And today, we just got an SEC Filing showing that GAMCO was filing to sell up to $400 million in securities.
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Bill Gates & Cascade New Stock Holdings (AN, BRK-A, CNI, KOF, FSCI, FMX, GBL, TV, OTTR, PCX, LGBT, PNM, RSG, SIX, BEE)

These are the new holdings (sans ETF and sans derivatives) for Bill Gates’ CASDADE INVESTMENT LLC As of September 30, 2008:

  • AUTONATION (NYSE: AN)                                5,263,588
  • BERKSHIRE HATHAWAY (NYSE: BRK-A)         4,050
  • CANADIAN NATL RY (NYSE: CNI)                     33,859,544
  • COCA COLA FEMSA S A B (NYSE: KOF)         857,128
  • FISHER COMMUNICATIONS (NASDAQ: FSCI)  455,700
  • FOMENTO ECONOMICO (NYSE: FMX)             20,966,795
  • GAMCO INVESTORS (NYSE: GBL)                  90,845
  • GRUPO TELEVISA SA (NYSE: TV)                  19,680,400
  • OTTER TAIL (NASDAQ: OTTR)                         2,556,499
  • PATRIOT COAL (NYSE: PCX)                          2,408,653
  • PLANETOUT (NASDAQ: LGBT)                        521,739
  • PNM RESOURCES (NYSE: PNM)                    7,019,550
  • REPUBLIC SERVICES (NYSE: RSG)               34,873,836
  • SIX FLAGS (NYSE: SIX)                                   10,210,600
  • STRATEGIC HOTELS & RESORT (NYSE: BEE) 4,190,000

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Jon C. Ogg
November 14, 2008

Gabelli Enters SPAC IPO Game (GBL, VZ)

Last night there was a filing from Gabelli Entertainment &  Telecommunications Acquisition Corp. to come public via an initial public offering for a special purpose acquisition company (SPAC) or a blank-check company. This is for a sale of $200 million in units with each unit consisting of 1 share of common stock and one warrant with a $7.50 strike price.  This has ties to GAMCO Investors Inc. (NYSE: GBL) and even to Verizon Communications (NYSE: VZ) via an ex-CFO.

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Goldman Sachs Lowers Financial Estimates (AB, ABLk, BLK, CLMS, CME, BEN, GBL, IVZ, JNS, NITE, LAB, LM, MKTX, NYX, TROW, PZN, NDAQ, TRAD)

Goldman Sachs has lowered estimates on many financial services players this morning:

  • AllianceBernstein (AB) (buy);
  • AMBAC Financial (ABK) (neutral);
  • Blackrock (BLK) (buy);
  • Calamos Asset Mgmt. (CLMS) (neutral);
  • CME Group (CME) (buy);
  • Franklin Resources (BEN) (neutral);
  • Gamco Investors (GBL) (sell);
  • INVESCO plc (IVZ) (neutral);
  • Janus Capital (JNS) (neutral);
  • Knight Trading (NITE) (buy);
  • Labranche (LAB) (sell);
  • Legg Mason (LM) (neutral);
  • Marketaccess Holdings (MKTX) (neutral);
  • NYSE Euronext (NYX) (neutral);
  • T. Rowe Price (TROW) (neutral);
  • Pzena Investment Mgmt. (PZN) (neutral);
  • The NASDAQ Stock Market (NDAQ) (neutral);
  • TradeStation (TRAD) (neutral)

Jon C. Ogg
January 10, 2008