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Mario Gabelli, chairman of Gamco Investors, Inc. and Leon Cooperman, founder of Omega Advisors, are perhaps two of the best value investors of our time,and if both of them are betting big on a stock, its highly probable that it will outperform in the long run.
Gabelli and Copperman both were on Bloomberg TV recently to talk about DISH Network Corp (NASDAQ: DISH) and the company's strategy for the spectrum it owns.
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Big Fan Of Charlie Ergen
"I have a very large position in Dish...I have had it for a long time...I am a very big fan of Charlie Ergen," Cooperman began. "And I get a kick out of the following; like these 20-year-old analysts are trying to second guess a guy that maybe, I don't know, has $15 billion net worth.
"The guy is smart, and the guy is going to do it right for his shareholders because he owns a big chunk of the company."
Pretty Cheap Stock
"There is no question that Charlie has accumulated a great deal of assets...500 million shares at a $70 stock, $35 billion market cap," Gabelli said. "In the world that we are living in, in this kind of economy and stock market appraisal, it's a pretty cheap stock. And so, is it attractive on its own? Is it more attractive with this deal? Is Charlie going to do something? Yes, yes, yes."
Ergen Will Figure Out What's Best
On spinning off the spectrum that Dish Network owns into a separate company, Cooperman said, "You got to basically accept the notion that the man is very, very smart. He has built this company, and he is going to figure out what to do that's the right thing for the shareholders."And maybe there will be a competition. You can't get the best price for any asset unless there is more than one person that wants to buy it. So, maybe he gets in to play here," Cooperman commented.
Image Credit: Public DomainCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.