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

  • Whether you're young and just getting started investing or moving closer to retirement, factoring in age will keep you ahead of the game.

  • For Small Business Week, CNBC goes coast-to-coast and out onto Main Street with business owners powering the US economy.

  • Tips on the best-performing portfolio strategies and global market trends that can help you become a smarter investor.

Investing