Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

RY

31.14

Royal Bank of Canada (RY)

Q:    I have been a big fan of Royal Bank of Canada for more than ten years. And it seemed to dodge the bullet on a lot of these mortgage problems, until about 6 to 8 weeks ago, it dropped off the edge. My heart is broken, but it has a $2 dividend. My question is can it maintain that dividend?

Jim:   I think it can. I think you have been hurt also by a weak Canadian dollar… I like Bank of Nova Scotia too. Now I do want to emphasize to you that I think that the banks to own are mostly now… geez, I’ll tell you there are very few banks that I feel very comfortable recommending… I do think that Canadian banks with decent balance sheets, like Royal Bank, will do fine. I am not going to push it. But I think that you are okay.

BNS

27.66

The Bank Of Nova Scotia (BNS)

See RY comments above for:
BNS

GOOG

328.00

Google, Inc. (GOOG)

Q:    When this market makes its next downturn, when it drops down back down below 8000, to 7500... Do you think they will take Google out and shoot it?   And bring it down to about $200?...

Jim:   Here is my problem. I feel that Google is actually having a good quarter. I think that Google is a decent stock. I believe that the company's got the edge on everybody else, but in the end… in the end… you have got this situation where it is hostage to advertising. And I do not think that advertising is going to have a great year. So I don’t think Google is going to get hit. I do not think that it is a sell, sell, sell. The question is, is it a buy, buy, buy? And the answer is that it is a mild buy. I certainly like Hewlett-Packard (HPQ*) much, much more. For tech purposes.

HPQ*

36.33

Hewlett-Packard (HPQ*)

See GOOG comments above for:
HPQ

UPL

38.14

Ultra Petroleum (UPL)

Q:    My question is about Ultra Petroleum, bought in October and it has been going down every since. Do you see a rebounding?


Jim:   I want you to buy more. Natural gas is done going down. That’s my prediction. It hit that buy level, it is coming back. They are the lowest cost producer of natural gas. Only one that is even near them, is Equitable (EQT), Michael Walker is the CEO, that is a growth stock. I want to buy Ultra Petroleum.

GS*

88.87

Goldman Sachs (GS*)

Q:    How about Goldman Sachs?

Jim:   I have a new thesis on Goldman Sachs, which I own for ActionAlertsPlus.com, my charitable trust, and have seen this stock explode. Now this thesis was disputed today when I was on one of 42 shows during the dayside, no doubt to promote Real Money the paperback… And here’s the issue. I think that there is only a couple of banks left that are going to be in the advisory business.. Just like we have custodial banks, which are State Street and Northern Trust… we have an advisory bank with Goldman Sachs… with leverage that has been reduced… that is going to put on some great quarters. That has clearly bottomed. I think that Goldman Sachs is cheap… I think the balance sheet is clean… I am a huge believer in David Vitter, who is the CFO, and I think in the end… maybe that is the guy … look everybody knows how I feel about this place and I absolutely like… I like everything about it… but David Vitter has been on the hot seat, he’s the CFO… I think he has done a great job. And I like Lloyd Blankfein too.

ITRI

65.73

IItron Inc. (ITRI)

Q:    Talk to me about Itron.

Jim:   I recommended this stock much higher. It looks like I was completely wrong , what I was thinking about is that it makes meters. I thought that that was a very, very recession proof business. But you know… I am doubling down right here… that is right, I am doubling down. Buy, Buy, Buy… and I am telling friends to buy more Itron.

CAB

6.22

Cabela's Inc. (CAB)

Q:    I am interested in a company called Cabela’s.

Jim:   Stop being interested my friend. That is a walking heart attack. I have disliked that stock. I bought it when it went public. That was the highest it has ever been. Management I don’t trust them… I don’t… That is my opinion. Cabela’s has been… will be a sell. If you want to get in that business, I would get in Dick's (DKS).

DKS

14.85

Dick's Sporting Goods Inc. (DKS)

See CAB comments above for:
DKS

[verbatim recap]

[ End of the Lightning Round segment ]