Tuesday, 02/12/08
Posted 02/12/08,  10:27 pm ET

(Scroll down to see Jim's comments below)

 
 
Today's date:  Tuesday, 02/12/08

  Dow Jones: 12,373    +133
  NASDAQ:   2,320       +0
  S&P 500:   1,348       +9
 
 
 
 


On
MBIA Inc. (MBI) and Ambac (ABK)...
JJC:    Against the common stock, that makes a lot of sense...   I love (James) Chanos...  I admit Chanos is a rigorous thinker.  I have watched his work for over 20 years, and he is extraordinarily good...   Boston Chicken, he said that that was going to go, when people couldn't get in...  

.  .  .  .  . 

On Bill Ackman...
JJC:   Well, Barnes & Noble (BKS), I think, is going to come back, but the book business is horrible.  Borders Group, Inc. (BGP) is a tougher sell... It's a good company but, remember, the book business is so challenged...  Those are difficult.  I think Target (TGT) is a little expensive...  but retail is suddenly in vogue, because it's early cycle...  and you know that I back... you know, in Eddie Lampert (chairman of Sears (SHLD*) I trust... He gets a new CEO.  He can still turn it around...  But we are in a recession, and when Masco (MAS) reports an unbelievably bad number... and they're faucets, and they're Behr paints... then you've got to say to yourself, well, wait a second... it's not over yet...   I've sat down and talked to him (Ackman) and talked about SHLD*... and, it's very clear that SHLD* has... this is a housing recession, and they're housing...   but I think people are far more critical of him than they were about J. C. Penney (JCP) or
Macy's (M)...  Macy's loaded up the balance sheet with debt... the stock has done nothing... the stores, you can't even go into... 

.  .  .  .  . 

On the pick that stands out today...
JJC:   I have a trade that is going to blow you away...  There's this company that I know... It was a heavily unionized company, and it's going to be non-unionized, and I am not talking about CAT...  A company that had earnings power, like you wouldn't believe, in 2010 and 2011, and that company is...  General Motors (GM).  That was a good quarter.  The past is behind...  This is a non-union auto company very soon...  I salute GM.  I think it goes to $50...  General Motors 7.5 Preferred (GMS), for those who are more conservative...

.  .  .  .  . 

 

 



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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)

MBI

11.50

11.69

MBIA Inc. (MBI)

GM

26.60

26.65

General Motors (GM)

Price target:  $50.00

GMS

18.93

18.99

General Motors 7.5 Preferred (GMS)

 

       
         
   
 

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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.

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:
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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

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