Cliffs Natural Resources inc (CLF), VeriFone Systems Inc (PAY): Here’s What Gabelli Funds Have Been Buying

Gabelli Funds reduced its stake in lots of companies, including rare-earth-materials specialist Molycorp Inc (NYSE:MCP) , which is down more than 70% over the past year. It has been struggling in a tough environment and worried investors earlier this year with a surprisingly large share offering and debt issuance. Some also worry that it will run out of money before its market turns around. It posted lower-than-expected losses recently, but they’re still losses, and competition looms. Meanwhile, the company plans to beef up production, which could put pressure on pricing.

Finally, Gabelli Funds’ biggest closed positions included Ralcorp Holdings, Inc. (NYSE:RAH) and Robbins & Myers, Inc. (NYSE:RBN). Other closed positions of interest include network performance specialist Riverbed Technology, Inc. (NASDAQ:RVBD), which gobbled up OPNET last year. The company earned an upgrade to a “buy” rating from Lazard analyst Ryan Hutchinson, based on expected synergies with OPNET and anticipated strength in federal spending. Riverbed Technology, Inc. (NASDAQ:RVBD) offers a lot of promise along with a lot of uncertainty.

We should never blindly copy any investor’s moves, no matter how talented the investor. But it can be useful to keep an eye on what smart folks are doing, and 13F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What Gabelli Funds Have Been Buying originally appeared on Fool.com.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitter, has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Riverbed Technology.

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