Gabelli's column

Another Good Month for Wall Street Despite the Banking Turmoil


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  1. Some positive themes from Q1 earnings season included better-than-feared regional bank results, strong mega-cap tech results, as well as better trends around cost controls, inventories and supply chain.
  2. "We have continued to see companies buying back convertibles in a transaction that is accretive to earnings and positive for the credit. This dynamic has helped some convertible securities."
  3. "The current opportunity in convertibles continues to come from fixed income equivalent issues that are trading at attractive yields to maturity in excess of our long term expected return."