Thursday, 06/12/08
Posted 06/12/08,  09:08 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Thursday, 06/12/08

  Dow Jones: 12,141  + 57
  NASDAQ:   2,404  + 10
  S&P 500:   1,339   + 4
 
 
 
 
 
First Segment
 
 
Final Segment 1 Title: CEO Interview

Interview with
Ben Hulbert, CEO

.  .  .  .  .

Featured Stock(s): Rex Energy Corp. (REXX)

 
After this segment, you can see Jim's Sudden:Death picks here...


Jim's comments BEFORE the interview:      As part of "Wildcat Week" on Mad Money... on Tuesday, I recommended Rex Energy Corp. (REXX), at $27.05. It's been two trading days, and REXX is at $28.75, up 6.2%. I regard that as pretty much of a rounding error, in a group that trades this erratically... but it is why we love the wildcatters... the companies that search for new oil and natural gas... and that we think will be volatile, spiking and sinking...

But my advice to you, is that we buy the weakness... but do not pay up above where we recommend these stocks... REXX included.

Now, if you committed the unforgivable... the unpardonable insult... of not watching on Tuesday night, when we had our live audience, REXX is the two-headed play on the Illinois Basin, and Cramer-fave, Marcellus Shale.

In the Illinois Basin, they're using an unconventional process at REXX... it's called ASP flooding. It's designed, basically, to mop up the harder-to-reach oil that's located there... maybe as many as 84 million barrels... something that's worth $40 to the stock, if it pans out.

REXX is also growing its presence in the Marcellus Shale. They did a secondary - they issued more stock - to fund more land acquisitions. And, on their current acreage, they have roughly 72 million barrels of oil equivalence in reserves... all of it to be in natural gas.

The company is trying to increase their net acreage in Marcellus from around 48,000 acres, to somewhere between 60,000 and 80,000.
I've got some concerns...

I've got some concerns with all the wildcatters, because they're up from nothing, and have just moved up so much...

I always have to check my enthusiasm. I want to know if I'm too bullish. I want to know if this ASP technology really works. Is there really so much gas in the Marcellus Shale? Are we over-excited?...

Now, I like REXX's potential as a wildcatter... but, with the stock up so much, so fast, I've got to know more... You need to know more... We need to do more homework, besides just reading the documents, the news articles...

That's why we're bringing on REXX's president and CEO, Ben Hulbert... who I just have to say, Ben Hulbert was formerly a captain in the U.S. Army for four years, right before this gig... So, to fill us in about his company, and to put to rest for some of the naysayers, Mr. Hulbert, welcome to Mad Money...

.  .  .  .  .

Jim's comments AFTER the interview:      You're terrific to come in on the show. I want to thank Ben Hulbert, president and CEO of Rex Energy Corp. (REXX)... and I think a total stand up guy...

 

.  .  .  .  .

 

   
 

Stock Snapshots - Includes all stocks mentioned above

 

 

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)


REXX

28.75

na

Rex Energy Corp. (REXX)

 

 

 



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Second Segment
 
 
Final Segment 2 Title: 'On The Line'
CEO Interview


Interview with
Michael Ward, CEO

.  .  .  .  .

Featured Stock(s): CSX Corp. (CSX)

 
After this segment, you can see Jim's Lightning Round picks here...


Jim's comments BEFORE the interview:      We've been doing a lot of work on the railroad... and the railroad is CSX... where we are appalled where a company that is the best-performing stock in the group... a company that is so well-run... a company that has made Cramericans fortunes since we started... a company that we recommended right out of the chute for Mad Money, and reiterated maybe a dozen times...

We are appalled that there are a group of hedge funds that have gotten together in the proverbial smoke-filled room to try to depose the man who is responsible for that performance.

These are people who thought they could get an LBO (i.e., leveraged buyout) going. Obviously, there's no money for that anymore, but they are agitating, and they want to win a proxy, where the first thing they will do is give the boot to the man who is on the line right now, Michael Ward, CSX president, chairman and CEO.

Now, Mr. Ward is fighting back, and he's got a lawsuit. Now, this morning, Judge Kaplan, who's a very distinguished jurist in the southern district of New York, a man whom I have respected for many, many years... and he used to work in the law firm that I used for my personal business and, unfortunately, I have too much business...

What Judge Kaplan basically said was that these guys who are trying to get rid of Ward, they didn't play by the rules... they did a lot of bad stuff... But, unfortunately, it looks like, unless a higher court overturns a previous view of that court, he can't throw out the votes that they may have bought... the stock that they may have bought... and then he can't necessarily stop them from voting that stock to get Michael Ward out...

So, right now it stands... the Southern District has said, listen, these guys were bad actors, but we can't stop them.

Is that the end?...

Why don't we ask Michael Ward, CSX president and chairman and CEO, whether he's done fighting the fight against these people who don't know jack about railroads... don't realize that there are so many lousy CEOs out there they should be going over... and have settled on this man who's given us the best performance of almost any stock we've had.

Michael Ward, are you done fighting the fight? Are you going to roll over for these out-of-town hedge funds?...

.  .  .  .  .

Jim's comments AFTER the interview:      Look... I play with an open hand. You know where I come out on this. I've got so many CEOs that I'm trying to get fired right now... the Killingers, the Sullivans... Look at that person that just got the boot over at Lehman Brothers (LEH)... Cowan... There are so many people that are not doing their job. I don't mind firing people who are doing a bad job... How about keeping the people who are good? And not using dirty tricks to try to stop them, which is what these guys did. Read that Kaplan opinion. It's incredible what these guys were trying to do behind the scenes. I say I agree with Michael Ward. I'm going with the white card, if I own CSX. And I'm voting with CSX Corp. (CSX). 

.  .  .  .  .

 

   
 

Stock Snapshots - Includes all stocks mentioned above

 

 

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)


CSX

64.53

na

CSX Corp. (CSX)

 

 

[ end of final segment ]

   
 

Go to the SUDDEN:DEATH SEGMENT from tonight's show here >>

See current quotes on Yahoo! Finance from tonight's show stocks here >>


Netflix, Inc.


Symbol keys:

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 >>

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.

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.

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.

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.
 

 
Definitions of key phrases used by Jim, known as "Cramerisms":

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...

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.

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).

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.
  See more "Cramerisms" & other financial phrases here >>
   
Helpful Websites:
  See the stocks currently known to be in Jim Cramer's
Charitable Trust at:

jim-cramer-charitable-trust-stocks.com

 
See the stocks currently known to be in Warren Buffett's portfolio
of stocks at:

warren-buffett-portfolio.com

 
  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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Fast Money Recap - Trades for next day...

Compare these picks to Jim's comments for the same stocks.

 

 

   
   
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