Here’s What Gardner, Russo & Gardner Has Been Buying: American International Group, Inc. (AIG), Bank of America Corp (BAC)

Gardner, Russo & Gardner reduced its stake in lots of companies, including Corning Incorporated (NYSE:GLW). The venerable blue chip, recently yielding 3%, is also a high-tech giant, producing glass for LCD displays and smartphones and fiber for telecom networks, among other things. Demand for its Gorilla Glass is strong, generating more than $1 billion in 2012 revenue, and its flexible new Willow Glass is promising, too. Also boding well is an expected uptick in TV sales. Some see the stock as attractively priced at recent levels.

Finally, Gardner, Russo & Gardner’s biggest closed positions included Baidu.com, Inc. (ADR) (NASDAQ:BIDU) and KeyCorp (NYSE:KEY). Other closed positions of interest include Yahoo! Inc. (NASDAQ:YHOO)!. Yahoo!, helmed by new arrival Marissa Mayer, has been surprising many by turning in some impressive results recently. Mayer has redesigned the company’s email service, increased employee perks, improved Flickr’s usability, and is generally paying more attention to the mobile world.

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. 13-F forms can be great places to find intriguing candidates for our portfolios.

The article Here’s What This 2,341% Gainer Has Been Buying originally appeared on Fool.com and is written by Selena Maranjian.

Longtime Fool contributor Selena Maranjian, whom you can follow on Twitterowns shares of Corning and Baidu. The Motley Fool recommends Acme Packet, American International Group, Baidu, and Corning. The Motley Fool owns shares of American International Group, Baidu, Bank of America, Corning, KeyCorp, and Oracle. It has the following options: Long Jan 2014 $25 Calls on American International Group.

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