GE Rises After Mario Gabelli Spots Buying Opportunity in Share Plunge
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General Electric Co.’s stock-market plunge is attracting a big-name bargain hunter.
Mario Gabelli of Gamco Investors Inc. said he’s buying on the latest decline, sending shares higher. GE has a strong management team and a stock price that could be higher than $20 in two years, Gabelli said Monday in an interview with CNBC. That would represent a gain of about 25 percent from the closing price Jan. 26.