GO
Loading...

Enter multiple symbols separated by commas

Mario Gabelli: These stocks will double in 5 years

Billionaire value investor Mario Gabelli told CNBC Thursday that he sees big opportunities in media stocks.

Highlighting Time Warner, News Corp, Viacom, and Discovery, he said in a "Squawk Box" interview, "Each of these stocks, because of the rising middle class around the world and the notion of having that mobility in their hand and want content, you'll see these stocks double over the next five years." (Disclosure: Gabelli has positions in all stocks mentioned.)

According to the Gabelli Funds boss, these four companies have also reduced their outstanding shares. For example, he said that shares outstanding of Time Warner are down 50 percent, while Viacom is also "shrinking cap substantially."

—By CNBC's Matthew J. Belvedere. Follow him on Twitter @Matt_SquawkCNBC.

Latest Special Reports

  • From left: Sergey Brin, Dick Costolo, Ryan Seacrest

    Code Conference, from those who produced D: All Things Digital Conference, addresses the impact of digital technology on our lives and businesses.

  • Financial Advisor

    Featuring CNBC's Financial Advisor Council, this video series will aim to educate investors with straightforward financial advice.

  • Waitress tablet

    Trailblazers leveraging the power of technology and innovation to grow their business—and disrupt the competition.

Investing