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See Jim's
1:30pm valuable
Comments from
today's
"At The Half"
1:30pm show
here...
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Tuesday, 08/12/08
Posted 08/13/08, 10:37
am ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Tuesday, 08/12/08 |
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Dow Jones: |
11,642 |
- 139 |
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NASDAQ: |
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2,430 |
- 9 |
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S&P 500: |
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1,289 |
- 15 |
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Final Segment
1 Title: |
'Mad Mail'... |
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. . . .
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Featured
Stock(s): |
See comments below... |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
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■ |
Stock Snapshots - Includes
all stocks mentioned above |
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Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
|
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CEDC |
65.23 |
na |
Mad Mail
Central European Distribution Corp.
(CEDC)
Q:
You recommended
CEDC last April
and it's been
positive in my
portfolio until
last week.
They reported a
great quarter
and positive
guidance but the
stock is down
20%. Am I
missing
something?
I was hoping
that this is a
buying
opportunity, but
I am concerned
that there is
other bad news
that I have not
seen yet.
What is your
advice?
Jim:
I think it's
just
geopolitical.
Remember, we
recommended this
stock when we
first started
this show, then
we
re-recommended
it as part of
our central
Europe, Russian
stuff... and
Russia's gone
nuts. So,
there's some
political risk
here but the
business
itself... you're
absolutely
right.
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CSX |
60.16 |
na |
Mad Mail
"I cannot
endorse them
(the rails)
here, now that
the hedge funds
are operating on
them and going
to take them
down big."
CSX Corp. (CSX)
Q:
The economy
seems to be
better than
people thought.
Fuel costs are
coming down, and
the rails are
getting
hammered.
What on earth is
that about?
It's insane!
Jim:
I
wrote a piece...
and I commented
about the fact
that the hedge
funds have
decided to
operate on the
rails.
They took them
down big today.
The pattern...
when the hedge
funds decide to
go after a
particular
group... is
that, day one,
it looks like
they're so far
low, you've got
to buy them, and
then they come
back and they
pound them, and
they pound them
again. I
think that there
is at lease 10%
more downside to
every one of the
rails. I
liked the rails
beginning in the
first week of
the show...
I cannot endorse
them here, now
that the hedge
funds are
operating on
them and going
to take them
down big.
It's what
happens... it's
ridiculous, but
it is what
happens.
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NSC |
68.14 |
na |
Mad Mail
Norfolk Southern Corp. (NSC)
See CSX comments
above for:
NSC
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UNP |
76.14 |
na |
Mad Mail
Union Pacific Corp. (UNP)
See CSX comments
above for:
UNP
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NUE |
49.78 |
na |
Mad Mail
Nucor (NUE)
Q:
Back in June,
you made an
example of
highlighting how
the "market" had
given us a gift
on NUE and the
secondary
offering priced
at $74. Since
then, the
company has
announced great
earnings and a
not-so-bad
outlook going
forward given
global growth
challenges.
The stock is now
well off the
secondary
offering price.
Should we
continue to
accumulate this
stock or is the
steel boom over?
It seems odd
that both
presidential
candidate are
talking about a
U.S.
infrastructure
stimulus package
next year, which
should be good
for steel, yet
these stocks are
collapsing.
Jim:
Let me tell you
something... Dan
D'Amico, who's
the unbelievable
CEO, laid out a
very strong
case, as did
John Smyrna from
United States Steel Corp.
(X).
These stocks
have all been
crushed as part
of a gigantic
retreat of
everything
cyclical.
My take is that
they've come
down enough, but
maybe I'm not
the good call on
this. I
liked them
higher. I
liked them lower
and I liked them
higher, because
I think steel is
multi-year... So
maybe you can
say, Jim,
long-term you've
been right,
short-term,
you've been
wrong. I
like the steel
group, because
they're not
putting up new
steel mills.
I think NUE is
good, but I've
liked it at $40,
and I liked it
at $60 and I
liked it at
$70... so maybe
my judgment's
questionable,
okay... I just
like them.
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CLF |
86.77 |
na |
Mad Mail
Cleveland-Cliffs Inc. (CLF)
Q:
CLF and
Apache Corp. (APA)
keep getting
hammered because
of the oil
decline spilling
over into the
natural gas
sector, and it
appears that CLF
has been getting
manipulated
daily by short
players.
Their forward
P/E ratios
are fabulous and
I'm wondering
whether to hold
my positions
(which have
significant
gains) or do I
cash out some of
the profits at
this level?
Jim:
Remember, I said
CLF must be
sold, after they
bought that coal
company... they
announced that
deal. I
said they must
be sold.
You cannot own
CLF. I
made that point
even to the
local paper in
Cleveland.
I said you
cannot own it,
because they
paid too much at
the top of the
cycle for
coal... so
I do not want
CLF. APA?
There are other
natural gas
companies that
are now cheaper,
but CLF is a
no-no...
They're
overpaying in
order to block
their own
takeover.
Selfishness...
see you later...
sayonara CLF.
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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Most popular
investing books ordered:
(click any book to see at
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Final Segment
2 Title: |
'Going For Gold'
'CEO
Interview'
Sean Boyd, CEO
Agnico-Eagle Mines Ltd. (AEM)
See AEM's official
investor relations' site
here.
See the Yahoo!
Finance profile for
AEM
here.
. . . .
. |
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After this segment, you
can see Jim's
Sudden:Death picks
here... |
. . . .
.
Jim's comments BEFORE the
interview:
Today was a good day for
gold... the stocks, not
the commodity... which,
once again, got rocked,
and is now hanging almost
around $800 bucks.
This is the first really
good day the gold stocks
have had, since the price
of gold began its
incredible collapse just
weeks ago. I mean,
it's really been
incredible... right about
the time when we pulled
Cramer-fave,
Yamana Gold Inc.
(AUY),
at $15 smackers... it's
now at $10. It
touched $9 intraday...
Now, is it time to get
back into gold, or is the
moment to sell into
whatever strength we have?
Here's the question:
What do you do with your
favorite gold company,
when the price of gold is
plummeting, and the gold
stocks are getting beaten
to a pulp?...
Our favorite gold play on
Mad Money, after AUY's
blown quarter, is Agnico-Eagle Mines Ltd. (AEM)...
It's a stock that I said..
should be sold, because it
had moved up too much.
Now it's come down hard.
Now it's up 6.6% today.
It's down 29% from when we
saw its CEO last, Sean
Boyd,
back on February 29th...
At that point, the stock
was at $68... but, of
course, gold was at $980.
That was literally $180
ago... It's ju | | |
