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Gabelli's Heart Is Where The Home Is

How much higher? That, says money manager Mario Gabelli, isn't the issue. The pressing question: "Where to find bargains in this roaring bull market." As keeper of $10 billion in investors' assets, Gabelli Asset Management and its group of mutual funds hold at least a 5% stake in more than 100 companies. So it's essential, says Gabelli, to flush out "values that have been unjustifiably battered or ignored, or are simply undiscovered." He thinks the next batch of winners will be in the economy's depressed sectors.

With the economy on the go--and housing construction stronger than expected--Gabelli thinks that makers of housewares, furnishings, and building materials will shine.