See SMS's official
website
here.
See the Yahoo!
Finance profile for
SMS
here.
After this segment, you
can see Jim's
Sudden:Death picks
here...
Jim's comments BEFORE
the interview:
I've been a huge backer in
the steel industry... In
the steel stocks, for a
long time... Really
pushing them hard after we
had John Surma, the CEO of
United States Steel Corp.
(X)...
On our show from Penn
State back on March
26th... Now, even after
the horrible reversal,
letter X, as we call it,
is up 19%... 19% is still
a good game... In fact, I
think I may have been the
biggest booster of steel
for the last couple of
years since Stalin's first
Five Year Plan...
That was then... This
group, which was on fire
for so long, a good
thing... seems to have
been hit with an atomic
bomb, which is not so
good... The combination of
views about lower coal
prices, something that
could presage lower steel
pricing, signs of
increased customer
resistance to the steel
industry's attempt to
drive up pricing through
drive up charges... I saw
that in the paper this
week and the weekend about
the auto companies... And
maybe the old-fashioned
price hikes have basically
wiped out demand... Since
June 30th, X is down
18.5%,
Arcelor Mittal (MT)
is down 14% and
Cramer-fave
Nucor (NUE)
is down an incredible
15%... SOX, the steel ETF
is down 14.5% since
then... The S&P is only
down .5% so anyone in
these stocks has just been
crushed versus the
market... In a little more
than one week's time, the
steels have gone from one
of the best to one of the
worst performing groups
out there... Like natural
gas, like fertilizer, now
of course, they're not
like the homebuilders,
banks and brokers, but the
loss has been
significant...
What I want to figure out
is if this decline in the
steel stock signals
something real, that the
fundamentals are
deteriorating, or did the
stocks just get too high,
and the pull backs weren't
buying... So tonight I'm
bringing on the CEO of a
company that has really
done a lot of things
right. Sims Group Ltd.
(SMS),
Dan Dienst, to try and
answer those questions.
SMS is a supplier to the
steel companies... It's
the world's largest
recycler of metal, selling
scrap to the steel
industry, and it too is
off 12% since June 30th,
but it's been a phenomenal
stock... I want to like
the steels... But you know
what?... It isn't about
hope, it isn't about love,
it's just trying to figure
out if there is too much
pessimism out there, or
that the pessimists are
going to be right... So,
to help us figure things
out, here's Dan Dienst...
Mr. Dienst, welcome to Mad
Money...
. . . .
.
Jim's comments AFTER
the interview:
Alright, look... For those
of you that think that the
commodity boom is over,
who feel that, you know
what, it all got too
exciting... Let me tell
you, there's a sober guy
taking a sober look at
it... I think if you don't
own a commodity stock, a
steel stock, an oil and
gas stock, I haven't said
this now for a week, you
know I've been negative...
I think you dip your
toe... I bought some of
this stuff, not this
stock, for my charitable
trust, right into the
teeth of the panic sell
off... No one ever made a
dime panicing... We saw
panic of the Street
today... When you see
panic you buy, buy, buy,
sell, sell, sell... And
maybe you should be buying
Sims Group Ltd. (SMS).
. . . .
.
■
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)
Most popular
investing books ordered:
(click any book to see at
Amazon.com)
We need your help!
If you find our service valuable, your
donation is critically helpful to support
our operating costs and is
MUCH appreciated!
(click below to donate)
We are serving thousands
of
new visitors every day and our costs are
growing as well. Thank you for your
support & generosity!
Final Segment 2
Final Segment
2 Title:
'Mad Mail'...
. . . .
.
Featured
Stock(s):
See comments below...
After this segment, you
can see Jim's
Sudden:Death picks
here...
. . . .
.
■
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)
Q:
Booyah Jim, I
have a worthy
nominee for your
"Wall of Shame."
This man has
destroyed more
sharehodler
value and cost
this country
more jobs htan
perhaps teh rest
of the "Wall of
Shame" combined
- Rick Wagoner
of General
Motors (GM).
GM's workers,
suppliers,
dealers,
stockholders and
customers
deserve better
than this.
JJC:
I'm going to
disagree with
you... I think
that he's been
hit by a series
of things that
were just
impossible to
forsee,
including the
dramatic run in
gasoline... I
think he was
doing a lot of
things right...
I can not pile
on him, you know
I am perfectly
willing to
attack guys... I
would say the
same thing about
Ford, and that
guy is a good
manager... So,
I'm not joining
you on that...
Most of the
people I have on
the
Wall of Shame
are serial
destroyers of
their own
companies... I
think Wagoner
was doing his
very best, and
who would have
thought that oil
would go to
$150... I'm not
joining you on
that pile on.
Q:
Jim, I think LLL
has been
unfairly beaten
down. What do
you think? plus,
a big South
Philly
cheeseteak-filled
Booyah to ya. I
noticed the
Geno's Steaks
shirt on the ste
and I lieve a
few doors away
from there! Let
me know if you
ever want one.
JJC:
Hey, my friend,
I mean I got to
tell you... Am I
a Geno's fan?...
I mean we got in
the inner sactum
the other day,
shh, don't ever
mention the
inner sanctum...
But I just think
that the guys
with Cheese Whiz
are fabulous...
Let me just say,
LLL is way too
low, of
course...
Everyone figures
that Obama will
dismantle the
whole military
establishment...
I disagree...
I'm a buyer.
[
end of final segment ]
Go to the SUDDEN:DEATH
SEGMENT from
tonight's showhere >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >>
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:
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...
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.
