Reported 3 days ago
Billionaire Mario Gabelli recently shared his positive outlook on Textron Inc (NYSE:TXT) during a CNBC program, highlighting its affordable stock price and strong earnings potential. He noted that the industrial conglomerate, which produces aircraft and helicopters, is well-managed by Scott Donnelly and is expected to see improved sales and margins this year. Gabelli emphasized the company's significant revenue from commercial clients and defense contracts, calling Textron an 'extraordinarily cheap stock' at current levels.
Source: YAHOO