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Friday, 02/29/08
Posted 03/02/08, 11:47
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Friday, 02/29/08 |
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Dow Jones: |
12,266 |
-
315 |
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NASDAQ: |
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2,271 |
-
60 |
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S&P 500: |
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1,330 |
- 37 |
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Opening Segment 1
Title: |
'Turkish Delight'
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. . . .
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Featured Stock(s): |
Turkcell (TKC)
See TKC's official
website
here.
See the Yahoo!
Finance profile for
TKC
here.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: Just
horrible, right?
Horrible... I mean,
the bell didn't even save
us... We got
hammered mercilessly, just
mercilessly...
These are the domestic
problems that won't go
away... Days like
today... they make you
want to give up, right?...
No! Stay focused!...
Days when we're down
enough to really feel the
pain, but not enough to
create a wave of panic,
are incredibly
frustrating!... I
mean, a really big decline
would be exciting at
least... give you a chance
to buy stocks cheaper...
But days like this are
really hard, because they
become so common... no
resolution... and
continued decline...
drift... It
makes you feel like
there's no money to be
made at all or, worse,
every time you make some
money on an up day like we
had on Monday and Tuesday
- or an up week - we know
that the market will take
the gains away...
I'm urging you... I am
urging you not to give up
on stocks all together...
I am urging you to stay in
the game.
. . . .
.
I do think, though... that
you just want to dump some
American stocks, and load
up on some international
names that aren't exposed
to that litany of woes...
So, if you take only
lesson away from today's
show, I want you to
remember that Cramer says,
continue to put in
additional money
internationally, not
domestically...
That's where you can make
money in this market...
It's bad... but that
doesn't mean there aren't
lots of other places,
besides this place (i.e.,
the U.S.) where it's as
bad...
. . . .
.
Less than a month ago,
during Carnival, I ran a
multi-part series on one
of my favorite countries,
Brazil... Now, how
has that done?... It's up
an average of 14.7%...
The S&P's done nothing!...
That's why we love
international...
especially emerging
markets...
It's why I've devoted this
week to a third-world
telco series, with an
emphasis on wireless...
. . . .
.
It's great to be a
wireless provider, unless
you're
Sprint Nextel (S)...
but it's much better to be
selling wireless service
in countries where people
are just starting to be
able to afford phones...
and hardly anyone has
one...
No company understands
this better than
Turkcell (TKC)...
TKC, the largest wireless
player in Turkey by far,
with a 58% share of the
wireless market.
TKC's stock has been a
great long-term winner,
because Turkey was
under-penetrated...
TKC expanded its
subscriber base for years,
which fueled its growth
and the stock's rise...
Now, we've got a little
problem... By the
end of 2008, Turkey should
be just like the U.S....
100% penetrated...
The other word we like to
use here is "saturated"...
everyone who wants a cell
phone will have one... and
TKC will have to fight
tooth and nail to steal
new subscribers from its
competitors to keep
growing its subscriber
base in Turkey...
That's not their plan...
. . . .
.
I like TKC, although I'd
wait for a little
pullback, because the
market's going to come
down... And, if you
can get in below $24, that
would be terrific, because
I think TKC's taking
control of its own
destiny...
It went out and found
other countries with low
wireless penetration, and
it's starting to colonize
them. I am urging
you to think of TKC as the
second coming of the
Ottoman empire...
They're also in Northern
Cyprus, and cosidering
making acquistions in
Syria...
Eastern Europe... As
of last quarter, a happy
upside surprise... they
reported Wednesday after
the bell... TKC had
35.4 million Turkish
subscribers, 8.8 million
Ukrainian susbscribers,
and 10.8 million
subscribers from all these
other former Soviet
satellite states where
they just set up shop...
. . . .
.
I saw what I needed when
TKC reported its
fourth-quarter results on
Wednesday. The stock
went down yesterday in
response, but look, it had
a run up...
TKC's third quarter had
been a blowout, and the
people who like to buy
ahead of earnings,
probably expected the
fourth quarter to be
another blowout...
It was merely just better
than expected...
TKC earned 46 cents per
ADR (share)... 8 cents
ahead of the concensus...
Quarterly profits, up 44%
year-over-year, and
revenue up 50%.
You're not getting that in
this country...
. . . .
.
Other reasons to own it...
It's the only Turkish
stock listed on the New
York Stock Exchange... So
it's the one that gets
bought on all the good
economic news out of
Turkey which, by the way,
should grow its economy at
5.4%...
Buybacks?... about to
become legal in Turkey.
And TKC has vast horde of
cash they could plow into
a repurchase program as
soon as they're allowed...
The CEO says that he wants
to return capital to
shareholders. His
latest dividend increase,
paltry... I think
it's all buyback. I
think it's a buyback
coming.
. . . .
.
The Bottom Line!:
I
can give you two bottom
lines tonight... First, we
like Turkcell (TKC)... we
like it because it's
moving into
underpenetrated places...
Ukraine, Muldova, Georgia,
Kazachastan... It's the
proxy for a part of the
world that (mutual
fund/money) managers
increasingly want a piece
of, but can't find any
other way... Second, and
more important, we
will not be constrained by
how terrible our market is
here. We will always look
for bull markets around
the world. We're not going
to be deterred by
something as simple as not
being able to find much
worth owning in this
country, even if the
country is the United
States. The U.S. Market
might be lagging, so
consider going to Turkey
for a telco play... Turkcell (TKC).
[See Jim's 2nd Opening
Segment stock picks
below... ]
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
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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) |
|
 |
TKC |
25.23 |
25.00 |
Turkcell (TKC)
Price target to buy:
Below $24.00
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Mutual-Fund-Holdings.com
NEW RESOURCE!
See Ken Heebner's CGM
Focus Fund
Top 25 holdings - The No.
3 Top-Performing Mutual
Fund in 2007
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Opening Segment 2
Title: |
'Merge Protector'
Interview with
U.S. Congressman,
Gene
Green D-Texas |
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. . . .
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Featured Stock(s): |
No specific stock
picks.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
Jim's Comments BEFORE
the interview:
By now, you probably know
that I'm frustrated, to
say the least, by how
congress and the Justice
department and FCC, have
held up the Sirius (SIRI)
and
XM (XMSR)
merger for more than a
year now... even though
the two companies have
agreed to every single
demand the department of
Justice has made, and
there's no reason to
consider a merged
SIRI/XMSR to be anything
close to a monopoly in my
view, okay?
It's to the point that,
just now, the two
companies agreed to extend
their merger pact hopes
until May 1, hoping to get
it done...
Tonight, I've got one of
the staunchest opponents
of the deal, Gene Green, a
democratic congressman
from Texas, who
co-authored a letter to
the Department of Justice
on June 18th, in
opposition to the
SIRI/XMSR deal. By
the way, the letter was
also signed by 47
democrats and 25
republicans...
I am thrilled when people
come on the show and
explain why they differ
with me. And let's
find out...
Congressman Green, welcome
to Mad Money...
. . . .
.
Jim's Comments AFTER
the interview:
Okay guys... you see...
that's the other side. You
know where I stand on
this. I want the deal to
be done. I'm going to
continue to
put pressure on it, but I
wanted to be fair, and
show the other side, which
I think is very well
represented by the
congressman.
. . . .
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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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na
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na |
na |
na |
na
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Go to the LIGHTNING ROUND from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
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Symbol keys: |
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A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
You can see the complete
portfolio
of stocks
here >> |
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Thumbs up - indicates
he would buy the stock or,
at the very least, not sell
the stock. We do our
best to interpret Jim's
opinion on stocks, as we
think it is indicated by his
comments during the show.
Please read his comments to
decide for yourself. |
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Thumbs down -
indicates he has said not to
buy or to sell the stock,
based on his comments
We do our best to interpret
Jim's opinion on stocks, as
we think it is indicated by
his comments during the
show. Please read his
comments to decide for
yourself. |
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Back up the truck -
indicated by Jim, when he
says the stock is so good,
that he would do a
'mon-back' on the stock...
In other words, this is the
sound someone would say to a
truck driver, "Come on
back... " as he is "backing
up the truck" to load up on
his cargo. Translation
for buying stocks:
This recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point. |
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Stumped. - Of the
2,000+ stocks that Jim
Cramer has in his head, for
which he has an informed
opinion, he sometimes comes
across a caller with a stock
he does not know well enough
to opine on... He then
indicates he is stumped and
will have to come back to
it, after he does some
homework of his own on
the stock. This
usually occurs during the
Lightning Round, when Jim
does not know in advance who
is calling, or what their
stock question is about. |
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Definitions of key phrases
used by Jim, known as
"Cramerisms": |
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Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to trade -
either to 'buy' or
to 'sell' (although he
usually uses the phrase for
buying), as if to say you
should feel comfortable
enough to make the final
decision without looking
back... |
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Definition: 'Ring
the Register' is Jim's phrase for
selling a stock, and making
it a final sale, that you
should not look back on.
Put it behind you. |
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Definition: 'Let It Come In' indicates how you
may wait for it to pull back, or have the
stock price come down briefly, as your
chance (after letting it come in) to buy
the rest of your position (i.e., total
number of shares you own in that stock). |
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Definition: 'backing it up'
or 'doing a 'mon-back' is Jim's
phrase for the metaphor of backing up a
truck to load up on a stock by buying
it. 'Mon-back is short for the
imaginary worker saying, 'Come on
back...' as the truck is backing up to
receive its load... Notice that we use
the little truck icon to indicate where
Jim has mentioned this.
Translation for buying
stocks: This
recommendation by Jim
indicates that, after you do
your own
homework on the stock,
you should feel comfortable
loading up on it, as it is
in a good position to be
bought at this point. |
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See more
"Cramerisms" & other
financial phrases
here >> |
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Helpful Websites: |
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See the stocks currently
known to be in Jim Cramer's
Charitable Trust at:
jim-cramer-charitable-trust-stocks.com |
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See the stocks currently
known to be in Warren
Buffett's portfolio
of
stocks at:
warren-buffett-portfolio.com |
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Stock Homework 101:
This is an excellent
upcoming site that provides
resources and links to help
you do that homework that
Jim Cramer recommends after
hearing his suggestions...
StockHomework101.com
This site is coming soon.
Thank you. |
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FastMoneyRecap:
This site will be a quick
summary of recommendations
made by the great Fast Money
TV show crew, that will
offer you a unique service,
to compare their picks to
Jim Cramer's past comments
about those stocks.
Fast Money Recap - Trades
for next day...
Compare these picks to Jim's
comments for the same
stocks. |
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© 2005-2007 MadMoneyRecap.com ■
Important disclaimer: This site is
not affiliated with Mr. James
Cramer, and is not associated with
any television networks or
broadcasts. Please note that all
thumbs up or thumbs down
indicators are not always clearly
indicated on the show and are
interpreted by us as accurately as
possible. Some comments have been
edited for brevity and clarity,
and extraneous material omitted. Please rely on watching
the show yourself, doing
your own homework,
and reading the text of the
comments to draw your own
conclusions. Also, data presented
on this site should not be used to
make investment decisions and
accuracy, although attempted,
cannot be guaranteed. Please
consult with your own financial
advisor for professional advice. |
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