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Mario Gabelli Sees Good Value In CBS

Craig Jones

On CNBC's "Closing Bel," Mario Gabelli spoke about buying opportunities in the current market environment.

He expects the market to decline 10% or 15%, which is a normal correction. Gabelli sees the correction as an opportunity to own stocks at a cheaper price. He likes companies that are cash generators and he sees CBS Corporation (NYSE: CBS) as a good stock to buy. He thinks investors have a very good opportunity in CBS over the next five years.

See Also: Analysts Waiting To See Whether ViacomCBS Will Do Better Than Viacom And CBS

Gabelli also mentioned Netflix Inc (NASDAQ: NFLX). He sees a room for significant customers growth for Netflix. He is also interested in commercial and military aviation and he also sees potential in the used car market.

CBS closed Wednesday at $44.65 per share.

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