Thomas & Betts (TNB -1.1%) CEO Dominic Pileggi tips off his view on the firm's prospects at the Gabelli & Co. Best Ideas Conference. He sees a favorable M&A environment helping to push the company back on the acquisition track after 2011 was a relatively slow year. Organic sales growth in 2012 should fall in the mid single-digit range and earnings growth will be in the mid-teens percent range, according to Pileggi. (transcript)