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Wednesday, 08/15/07 - Stat
Capture Bar:
DOW:
12,862
-167
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Nasdaq:
2,459
-40
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S&P 500:
1,407
-20 |
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PRO/CON |
STOCK |
CLOSING
PRICE
THAT
DAY |
OPENING
PRICE
NEXT
DAY |
JIM
CRAMER'S COMMENTS |
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na |
na |
na |
NOTE: Jim had a general
discussion about the position that hedge
funds are in, as a part of the overall
down market...
No specific stock picks.
. . . .
.
The bottom line!:
There's more pain to come... but
opportunity too... as the good stuff
gets thrown out with the bad... they
take away our profits, and the next
month and a half are a house of pain.
. . . .
.
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PRO/CON |
STOCK |
CLOSING
PRICE
THAT
DAY |
OPENING
PRICE
NEXT
DAY |
JIM
CRAMER'S COMMENTS |
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GRMN
AFTER-
HOURS
PRICE
AFTER
TALK: |
91.20
91.51 |
na |
Garmin Limited
( GRMN)
CFO Interview: Kevin Rauckman, CFO
'Cents of Direction'
Jim's comments
BEFORE interview:
Fortunately for
you, I actually know what works,
because I was there the last time this
happened... The missing ingredient
that I haven't talked nearly enough
about... high growth. We've given you
the food and drug stocks ad naseum...
but I really haven't given you enough
high-growth stocks to deal with, in
this post-nuclear, post-Bernanke
world, so it's time to change that...
The stock I'm looking at today, and
liking very much... and it's moved up
big... and don't pay up... wait five
days... whatever you have to do. I
don't want people going nuts with
this... It's just emblematic of what's
working, and that stock is
Garmin Limited
(GRMN)...
Higher growth than almost any other
company, other than maybe Intuitive
Surgical (ISRG)...
Under Armour (UA)....
Chipotle Mexican Grill (CMG)...
Crocs (CROX)...
This one has phenomenal growth. 42%
earnings growth, using the consensus
estimates, which I now believe to be
too low, after reading through the
quarter.
GRMN is a stock where the price is
right... too right for me not to
feature it on the show... GRMN is the
leading player in the global
positioning system, and their stock is
at a discount to its growth... This is
just a classic example of being able
to buy a bull market stock, that's
been caught in a bear-market selloff
not of its own creation. GRMN's 14%
off its high of $105.75. It was just
August 8th that high... last week. I
like to buy stocks that report great
numbers... If we use Merrill Lynch's
estimates for GRMN for 2008, they're
the highest on the Street... If we
give GRMN its historical multiple of
25x earnings, the stock is going to
$116... I do not want you to blanch at
$116. This stock is a cheap growth
stock. Now, I have to say that GRMN's
price now looks so right, and those
numbers look so good, that I'm
bringing on... I want you to hear what
I'm talking about. I'm bringing on
their CFO...
Jim's comments AFTER
interview:
I reiterate that
there will be a few high-growth stocks
that will make you money in this
period if you hang with them... and
one of them will be
Garmin Limited
(GRMN),
and I am staying bullish on GRMN.
Understand, it can drop $5... It's a
$91 stock. But, when it does that, I
want to own it, not sell it ('mon-back
sound)...
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[
end of opening segment ] |
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>> Go to next segment (Lightning
Round Stock Picks...)
Back to top
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Jim
Cramer's Mad Money recap summary from the CNBC TV show. |
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KEY TO SYMBOLS: |
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Definition: 'Pull the
trigger' is Jim's phrase for making
the decision at that point to 'buy'...
'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).
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.
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= Special Mention/Conversation |
| |
= Lightning Round Mention
= Sudden Death lightning round stock
picks - at end of show
= Recommended 'Mon-back...
= Jim was stumped and he will come back to
it...
'MON-BACK - This is Jim Cramer's term
to indicate that he would back up the
figurative truck, saying "Come on back" or do
a 'mon-back' and load up on the stock being
mentioned.
* Indicated this stock owned by Cramer's Charitable
Trust on this day.
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© 2007
MadMoneyRecap.com ● 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. Please rely on watching
the show yourself, 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. |
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