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Thursday, 03/20/08
Posted 03/23/08, 11:47
pm ET |
(Scroll down to see Jim's
comments below) |
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Today's date:
Thursday, 03/20/08 |
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Dow Jones: |
12,361 |
+
261 |
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NASDAQ: |
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2,258 |
+ 48 |
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S&P 500: |
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1,329 |
+ 31 |
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Opening Segment 1
Title: |
'The Sell Block'
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. . . .
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Featured Stock(s): |
UBS (UBS)
See
UBS's official
website
here.
See the Yahoo!
Finance profile for
UBS
here.
See Opening Segment 2,
below...
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC: Now, it's
time to talk about a new
Sell Block name... and, today
we're adding a new member
to the Mad Money
Wall of Shame... In fact,
we're actually adding
multiple new members...
because the travesty I'm
about to discuss is so
terrible, that one name
can't possibly bear all
the responsibility...
I'm talking about
UBS (UBS)...
one of the
apocalypse horsemen...
and how a bunch of clowns
took the best
asset-management company
in the world... they took
a Swiss Bank... It was
just a repository of so
much personal wealth...
and they wrecked it with
mortgage-backs and all
that other junk...
I waited for an up day to
do this, because there's
no sense in making a huge
decline happen myself...
when the guys at UBS are
working so hard in that
direction already...
. . . .
.
The clowns who did this
deserve worse than the
Wall of Shame... they deserve
to be
pants-ed! But
the guy who should have
been pantsed the most is
Marcel Ospel... he's the
chairman of UBS...
. . . .
.
Peter Wuffu, who is the
former CEO... who was
fired for capital
losses... he gets a
posthumous
pants-ing... and
Marcel Rohner, the current
CEO... he gets pants-ed
too... These guys
are all bad, but Ospel is
the worst... He's
the guy that, frankly...
what do we do when we have
real Wall of Shamers?...
We break out the eggs!...
. . . .
.
Everybody thought that
UBS (UBS)
had the smartest guys,
making the smartest
trades... It turned
out they made some of the
dumbest! This week,
at least, UBS announced
it's cutting Ospel's pay
by 90%, to $2.6 million...
uh oh... not giving him a
bonus! Wow...
as well as announcing
plans to reduce the
chairman's next term of
office from three years,
to one... But I
don't understand why they
didn't just fire this
joker! Now, I made a
bad mistake, when I
recommended this stock on
October 18th, after UBS
had announced the big
losses from its internal
hedge fund... and
replaced its CEO...
I gave the new guy,
Rohner, the benefit of the
doubt, and assumed the
smart guys at UBS had done
the old kitchen sink
routine, and gotten all
the bad news behind
them... Oh, did I get that
wrong... It turns
out that all those hedge
fund losses were just the
tip of the iceberg.
. . . .
.
That Ospel and Wuffu and
Rohner did all this to UBS
is unforgivable...
but they did it to the
largest - and what was
once the best - wealth
management company in the
world... It's a
crime against
capitalism...
. . . .
.
The Bottom Line!:
Only the board and the
shareholders can remove
Ospel and Rohner and,
until they do, I want you
to stay from
UBS (UBS)
stock!
[See Jim's 2nd Opening
Segment stock picks
below... ]
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See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
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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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UBS |
28.51 |
na |
UBS (UBS)
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Cramerisms.com
(This is becoming a
growing GREAT SITE for financial terms
and descriptions - especially ones unique to Jim
Cramer!)
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Opening Segment 2
Title: |
'Doctors'
Quarters' |
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. . . .
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Featured Stock(s): |
HCP, Inc. (HCP)
See HCP's official
website
here.
See the Yahoo!
Finance profile for
HCP
here.
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After this segment, you
can see Jim's Lightning
Round picks
here... |
JJC:
It's on the good days like
today, where I like to
really play it more
cautious. You don't
need to hear caution when
the market's down really
badly... you want to hear
that maybe there's
something to buy, because
the market had thrown a
sale... but now, we had a
nice day, so I like to
accentuate caution...
I may think we've
bottomed, and you know I
do... but that makes
this treacherous market
only marginally-easier to
navigate... Just
because we've bottomed,
doesn't mean we're going
to go up... It just
means that maybe you need
to stay safe on the up
days...
So you still want to own
something that's
defensive... something
with a high yield, that
you just can't get in cash
anymore, as it gets
trashier with each rate
cut. That's just
what rate cuts do...
they force money from the
sidelines...
I've got one to be forced
into...
It's especially important
to be focused on safety on
an up day... because I
don't want to cause people
to sell into down days, if
I can avoid it...
And, if you're frightened
of this market, then you
use the strength to sell,
that I think will last
through next week, and
re-position into stocks
with bountiful
dividends...
. . . .
.
That's why I think you
need to forget about your
CDs... Don't roll them over.
Think about buying this
bountiful safe-yield play
that I really like, at
this time of the market...
HCP, Inc. (HCP)...
Hospital Care Properties,
if want what the HCP is...
. . . .
.
This is the largest real
estate investment trust,
REIT, focused on healthcare. And it's got a
very hefty 5.8% yield...
Basically, HCP is geared
to a whole bunch of
secularly-positive trends
that aren't the least bit
dependent upon the
economy...
It's got a $13.6 billion
portfolio of properties
and, when you break down
what they own, it looks
perfect for, let's say an
antidote to recession...
39% is senior living, 20%
is life science, 21%
medical office buildings,
11% hospitals, and 9%
skilled nursing
facilities... That's
a nice set of properties,
even if we go into a
severe recession...
which I don't think we
will, because of all the
things the Fed and
Treasury have done in the
last 124 hours...
. . . .
.
Last I looked, adults
still became seniors... we
still have to go to
hospitals when we're
sick... we need nurses and
doctors to be somewhere...
and, even when the economy
stinks... well, HCP should
prevail.
Plus, real estate trusts
like this - after taking a
severe beating - had their
first day, in what seemed
like months... I am
telling you - and I have
been very negative on the
real estate investment
trusts - that today, it
was the beginning of the
rally.
I want you in at the
start...
. . . .
.
The Bottom Line!:
Remember, on up days, we
talk safety... On down
days, we get a little more
aggressive. And, for
now, dividend and
safety... write this down
please... this is perfect
for IRA's too.
HCP, Inc. (HCP)...
. . . .
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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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HCP |
31.74 |
na |
HCP, Inc. (HCP)
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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
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Cramer, and is not associated with
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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
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on this site should not be used to
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accuracy, although attempted,
cannot be guaranteed. Please
consult with your own financial
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