After this segment, you
can see Jim's Lightning
Round picks
here...
Jim:
There are very few
things worse than
watching the stock of a
good company... a
company that you think
is cheap... get
repeatedly crushed day
after day after day...
even though the
fundamentals are good,
and improving. I'd
rather be stretched out
on the rack... or maybe
bamboo shoots under the
fingernails... that's
always less painful than
this. This is a stock I
own for
my charitable trust...
It's a company that's at
the center of our wind
thesis. It builds
transmission lines for
energy, cable, natural
gas, telco... and also
does hurricane
cleanup... I mean,
that's one of the
reasons why the
fundamentals are better
than I thought. I think
that, with the
devastation caused by
Hurricane Ike, along
with the extension of
the tax credits for wind
power and the renewable
energy zones in Texas...
a $5 billion opportunity
for PWR... this one
would actually be going
higher... but nothing
could be further from
the truth...
PWR is down big... big
time from
the last time I
recommended it, July
15th [] - and it was
the top of the commodity
market that day - at
$29... And now the
stock's trading at
$18.71. That is a
massive decline, for
which I will spend
tonight and tomorrow
atoning for, along with
many other sins...
PWR and many others like
it, that look cheap, are
getting killed for one
reason... tainted
love... tainted love of
hedge funds. PWR was
heavily owned by hedge
funds, because it was a
theme stock that fit
their big alternative
energy bet. But, with
oil and natural gas
prices down, the hedge
funds have gotten
annihilated. Now these
hedge funds are getting
calls from their clients
saying, "send me my
money back, send me my
money back"... (i.e.,
"redemptions"). Since
the funds can't send
back the stocks they
own, they have to
liquidate the stocks...
what they can... and
they've done it in
spades with PWR. The
stock is a huge victim
of hedge funds that have
been forced to sell,
sell, sell...
A hedge fund puked up a
huge piece of PWR
yesterday... 3.8 million
shares... You can't
offload that much stock
without crushing the
price. What a barf
job... I mean, this was
a professional stock
"chow blow"...
I didn't take the hedge
fund factor into account
when I bought PWR for
my charitable trust... something I
regret more and more
every day, even as I
believe the fundamentals
have vastly improved
since I purchased it.
PWR looks cheap right
now, but it won't be a
buying opportunity until
the hedge funds are done
unwinding their
positions. But I like
the story here so much,
I am not backing away...
I want to buy more of
it... but first I want
to talk to John Colson,
the CEO of
Quanta Services Inc. (PWR*),
about how his company is
really doing.
Mr. Colson, welcome to
Mad Money...
. . . .
.
Jim's comments AFTER the interview:
Guys, I know no one wants to speak about
opportunity, but I come out here every
night, and I am not going to tell you
that there are stocks that can't be
bought right here, right now... I am
going to buy it... to wait five days for
my charitable trust, before I can
buy anything after I interview it. After
what I heard, this company's much better
than it was when I bought it at $29.
That's why you
pull the trigger...
There are bargains out there. They're
hard to find... There are bull markets.
It's just not going to surface until the
malaise has passed.
■
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Jim
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Closing
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each)
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Second
Segment
See complete
recommendation
comments
below...
Final Segment
1 Title:
'Mad Mail'...
. . . .
.
Featured
Stock(s):
See comments below...
After this segment, you
can see Jim's Lightning
Round 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:
Because all of
the market is
being battered,
I am sure that
there are
sectors that are
being beat up
much more than
they should be.
For example,
electric
utilities. Now
that natural gas
costs are way
down and the
charge for
electricity
remains the
same, doesn't
this bode well
for these beat
up utilities
that stand to
make money due
to lower input
costs? Which
electric utility
companies rely
heavily on
natural gas for
fuel and which
stand to make
the most money
from fuel
savings?
JJC:
I'm going to
short-circuit
this question
and just tell
you to buy KMP,
okay. Here's a
company that
just said
they're going to
raise the
dividend. Now,
be careful. The
stock was at $35
and closed at
$34. When this
one comes down -
KMP, it yields
almost 10% -
that's the one
you want, okay.
No ifs, no ands,
no butts.
Dollar Tree Stores (DLTR)
Family Dollar Stores Inc. (FDO)
Q:
My question is
about DLTR.
People have to
buy things for
the holidays,
and put some
kind of gift
under the tree
for the kids,
etc. This play
has many of the
attributes of
Wal-Mart (WMT*)
- which is a
stock I own for
my charitable trust - despite the
fact that it is
at the bottom of
the retail
market chain.
Could this stock
actually do well
in this
extremely
difficult
environment?
JJC:
Here's what I am
going to do... I
am going to sit
down and analyze
DLTR and
Family Dollar Stores Inc.
(FDO)
and I will have
an answer on
Friday's show,
because I think
your question is
a good one and I
want to be sure
about the
fundamentals
before I say
yes. Because,
theoretically, I
say yes, but,
theoretically,
Ben Bernanke
speaks, and he's
not practical.
I'm going to be
practical.
Theory is not
good enough.
na
na
na
Mad Mail
Advice about
safety in
retirement...
Q:
I desperately
need some
advice. My
husband is 84
and I am 72. Our
income is very
low. House paid
for. Got scared
today and took
my money out of
a CD
(certificate of
deposit savings
account) and
money will be
here next
week... $95,000.
Now what do I do
with it?
Thinking I
should buy gold,
but am not sure.
My bank and all
of the other
banks in the
area are rated
"D", and I have
just had enough.
I would
appreciate it if
you would tell
what you think
is the best
thing to do at
this time.
JJC:
Okay... you are
obviously
worried, you're
concerned. I
think you should
put that money
in a savings
account which is
insured up to
$250,000 by the
FDIC, and we'll
wait for better
times. But I
think your
attitude is a
good one. If you
are worried and
concerned, why
should you worry
every minute
about your
money? It will
be safe in the
FDIC account.
na
na
na
Mad Mail
General
comments...
Q:
They all should
have listened to
you when you
were ranting and
raving about
financial
conditions and
what was going
to happen. You
tried to warn us
all, but no one
seemed to
listen. I was
watching when
you first did it
live, and I'll
have to admit, I
thought you were
exaggerating.
You were 100%
right... You are
so passionate
about what you
believe and that
is a good
thing... Keep up
the good work.
JJC:
Go to
YouTube.com and
hit up "Jim
Cramer and Erin
Burnett" and you
will see what I
was doing...
which is that I
said that they
knew nothing,
that they were
going to be
behind the
curve, that
people were
going to lose
their jobs, that
major firms were
going to
close...
Everything
happened. And
did Bernanke
listen? No! He
thought I was an
idiot! He
thought I was a
joke! He's never
been on a
(trading) desk
in his life!
I've got to tell
you something...
He should go
back to
Princeton
(University)...
He should be all
theoretical...
because he's not
good enough to
do this job...
he's letting us
down.
Go to the LIGHTNING ROUND from
tonight's show
here >>
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.
