CEO Greg Abel decided to unload the stocks that had been managed by Todd Combs, who left in December for JPMorgan Chase.
Source: https://www.barrons.com/articles/berkshire-hathaway-stocks-s…
The first company on this list is already crushing it in the AI race, as it’s involved in seemingly every area related to the technology. With billions of daily active users, the second business has one of the most powerful network effects on the face of the planet.
The Gabelli Multimedia Trust Inc. (GGT) preferreds (GGT.PR.E, GGT.PR.G) offer over 6% current yield and trade below par. Both preferreds carry an A3 Moody’s rating, low leverage (32%), and strong asset coverage under the 1940 Act.
Netflix’s advertising revenue is booming and could fuel strong earnings growth. Take-Two Interactive’s “Grand Theft Auto VI” release this fall could establish a new baseline in the company’s revenue and profitability.
