Billionaire Mario Gabelli Says He’s Bullish on This ‘Extraordinarily’ Cheap Stock

Textron Inc (NYSE:TXT) is one of the 10 Buzzing Stocks Everyone is Talking About.

Mario Gabelli of GAMCO said in a recent program on CNBC that he likes industrial conglomerate Textron Inc (NYSE:TXT) shares.

“Textron Inc (NYSE:TXT) is important because there’s 180 million shares. Scott Donnelly, who runs it, has done a terrific job. And basically, they’re going to earn a little over $6 this year on a non-GAAP basis, a little less than that on a GAAP basis. And the stock has Bell Helicopter. They got replacements for the Blackhawk, but they also have Cessna. And there’s a backlog for the Longitude and the Latitude. And both of those will give them a tailwind, so to speak. And at $85 with that kind of earnings, that is an extraordinarily cheap stock.”

Mario Gabelli of GAMCO Investors

Textron shares are up 13% this year. The company makes most o fits revenue from aircraft and helicopter sales, maintenance, military contracts, and industrial products. Analysts expect Textron sales and margins to improve this year amid new defense and aviation programs. About 75% of its revenue comes from commercial clients and 25% from US government contracts.

While we acknowledge the risk and potential of TXT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than TXT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.