Gamco Investors Recommends HWK, SWMA, NFG
Mario Gabelli of Gamco Investors, talked on CNBC about the stocks that he owns in his funds, and that he expects to go up. He started with Hawk Corporation (AMEX: HWK), the company that produces replacement parts. One of his funds owns 15% of this company that suffered from a lack of demand recently. Gamco Investors said that Hawk Corp.'s (HWK) CEO bought some stocks recently and added that this company will double in the next five years. HWK skyrocketed approximately 13% today.
They also like Swedish Match (STO: SWMA), a company that produces smokeless tobacco. Swedish Match (SWMA) just closed the deal with Philip Morris (NYSE: PM) to market their product "Snus".
Mario Gabelli had a lot of nice words about National Fuel Gas Co. (NYSE: NFG). The company bought 600 acres of Marcellus Field where they discovered natural gas. National Fuel Gas Co. (NFG) was up today, more than 2%.
