Billionaire Mario Gabelli’s Top 15 Stock Picks

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2. Mueller Industries, Inc. (NYSE:MLI)

Number of Hedge Fund Holders: 27 

GAMCO Investors’ Stake: $225.6 million

Mueller Industries, Inc. (NYSE:MLI) markets copper, brass, aluminum, and plastic products. There are several compelling factors that make this company a strong investment. Firstly, as per the report for the third quarter, net sales were $997.8 million. The increase in net sales was attributable to the inclusion of $102.4 million of sales from recently acquired businesses, as well as the higher copper prices. This combination indicates strong growth potential and enhanced profitability, positioning the company for future success. Secondly, the company has acquired Nehring Electrical Works Company and certain affiliated companies. The acquisition of Nehring provides a substantial platform for long-term growth in the electrical and power infrastructure space and complements the other critical infrastructure sectors already supported by Mueller. Moreover, the company has also acquired Elkhart Products Corporation. This acquisition would increase production capacity and potentially drive revenue growth.

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