+ 2.59
+ 0.8%
+ 0.08
+ 0.03%
+ 0.35
+ 0.09%

Mario Gabelli Sees Good Value In CBS

August 14, 2019 4:43 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Mario Gabelli Sees Good Value In CBS

On CNBC's "Closing Bel," Mario Gabelli spoke about buying opportunities in the current market environment.

He expects the market to decline 10% or 15%, which is a normal correction. Gabelli sees the correction as an opportunity to own stocks at a cheaper price. He likes companies that are cash generators and he sees CBS Corporation (NYSE:CBS) as a good stock to buy. He thinks investors have a very good opportunity in CBS over the next five years.

See Also: Analysts Waiting To See Whether ViacomCBS Will Do Better Than Viacom And CBS

Gabelli also mentioned Netflix Inc (NASDAQ:NFLX). He sees a room for significant customers growth for Netflix. He is also interested in commercial and military aviation and he also sees potential in the used car market.

CBS closed Wednesday at $44.65 per share.

Related Articles

CBS, UnitedHealth And More 'Fast Money' Picks For August 26

CBS, XLF And More 'Fast Money Halftime Report' Picks From August 15

Viacom, Pioneer Natural Resources: 'Fast Money Halftime Report' Picks From May 10

This Industry ETF Is Usually A December Winner