On Camelina Seeds and Fertilizers
JJC:   Hey, the fertilizer trade was taking a break today...  It's about time... I mean this has been the most powerful trend I have seen in my career since DSC Communications in the 80s.  I think that fertilizer... I think that seeds do work higher over time.  Understand that seeds are like oil finds...  We have to view seeds like that because we made such a push on renewables... It's more likely that we have a seed that would make a lot more oil than if we go offshore  drilling... just so we know what the parameters are.  Virginia and Florida want to do some drilling, and that's very bullish... But you know this is just not an issue that democrats will...  Nancy Pelosi will just not let drilling... Let's just call it spade to spade Nancy Pelosi is the most powerful person in terms of blocking this and she's against it so... on to the next.  You heard John Corzine on yesterday... it's not going to happen... so I favor... It doesn't matter... It's not going to happen.  Seeds are more important than drills. 

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On CROCS (CROX)
JJC:   I've go to stock picker every day... Which he founded.  Now let me just tell you... My friend Bob Marson, who writes for RealMoney.com... sent me a pair of the new Crocs over the weekend.  They are kind of like more of a loafer...okay?...  Canvas loafers... They're covered... closed toe... Really light... deck shoe... I've been going back and forth with Lloyd and Lloyd says it's a low bar to be better looking than either one of us...  and it kind of hurt my feelings...  He said that neither one of us is necessarily a titan...  All I can tell you is that his stock is higher in a group that is so awful that you can't even look at your screen, it's that bad... Anyways so Marson sends me the Crocs to wear this weekend... I'm thinking they're really comfortable... and we go to the newspapers to get it and my youngest says to me... Dad you can not go outside with those Crocs... it just looks too horrible...  So, I don't know...  I'm probably taking the other side of the trade.  My daughter doesn't like how I look and Lloyd doesn't like how I look so it's just, you know, to me it's a total loser... even though I have this nice Vineyard Vines tie and this nice pink shirt.  Lloyd's a moneymaker...  that's what matters...  the stock is up $4... that's how we make money in this business...  by having stocks that go up higher.  What should Goldman Sachs (GS*) buy?... With Lloyd's catch....buy more GS stock...  I mean it's the only one that has a business model right now.  Why would he want to do anything?  I just think that the opportunity to buy many other stocks might, especially in his cohorts come lower... 

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On Best Buy (BBY)
JJC:   I just thought that BBY was a great quarter... and if BBY goes down...  how do you go buy J. C. Penney (JCP)?...  how do you go buy Kohl's (KSS)?... How do you buy any company in this group if BBY is down for a second day after a great quarter?...  It's obvious that everyone thinks the rebate trade is over...  Rebate trade over and oil and gas keep going higher and higher...  This is just a kiss-of-death for this group and I think it's the second worse group after the banks. 

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On Boeing Co. (BA)
JJC:   No one believes anything other than... and I've seen this with Aircastle LTD (AYR) and Genesis Lease Limited (GLS)... as long as oil remains high no one wants to buy BA...  even if BA's new planes are the solution, we don't care...  So I think BA, as much as I  really like it...  you got to wait 18 months for that to move and that is just not the timeframe of this market. 

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On Lehman Brothers (LEH)
JJC:   Look, let's cut to the empirical chase here...  I want people to go over the conference call...  not the part where Fuld talked or the other people talked, but the part where Mike Mayer? asked questions...  They've got horrible vintage of mortgages of 2007...  they don't seem to know what's in their portfolio...  they seem to be kind of flummoxed by what they have themselves...  That was the devastating part of that call...  The stock's been trading down ever since that part, that Mike Mayo did...  go read it and make up your own mind...  I don't want to say how I feel because it's just...  I don't want to color your thinking about what you might think of it after reading the call.  A lot of people were talking about Charlie Gasparino's comments and I think that they have great cogency...  but the important thing is that the Mayo's interchange with the CFO was dreadful...  Charlie is doing a great job...  People are focused on what he's saying, which is what you want to do...  He's a focus and we want to be focused...  Those of us in the news business want to be focused...  he is what people are talking about... which is terrific...  He's made a lot of calls... 

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On Panera Bread Co. (PNRA)
JJC:   I am shocked!... I mean this company is a giant buyer of food but they've managed to be able to take a fast food approach to some meals that I think are very healthy and they blew away the numbers...  General Mills Inc. (GIS) and PNRA, these were two key shorts for a lot of people...  PNRA, because they make bread...  GIS, because obviously, a huge consumer of the grains.  When you have proprietary products and a great brand name, and customers who are loyal, you can raise prices... PNRA raised price, GIS raised price... And their stocks are going higher.  (GIS)... This company is an unbelievably good company if they could make that much money in this environment...  Only Heinz (HNZ) and Mills. 
 

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