Gamco’s Mario Gabelli Explains Why Investors Should Be Atlanta Braves Fans
- Gamco enjoys rally in team’s shares that he sees continuing
- Anticipates shares rising as high as $55, a potential 41% gain
Austin Riley of the Atlanta Braves.
Photographer: Kyle Rivas/Getty ImagesThis article is for subscribers only.
Mario Gabelli wants fellow baseball fans to understand that team loyalties aside, they should embrace the Atlanta Braves.
“There’s about 62 million shares of BATRA and BATRK,” two tickers for the team’s publicly traded shares, and “our clients own a significant piece of the voting stock,” founder of Gamco Investors Inc. told Bloomberg Television’s Surveillance on Wednesday. “I think you will get to 45 to 55 a share” from the current price of about 39.