|
The Lightning Round: |
 |
|
Tuesday,
January 06, 2009 |
|
|
 |
 |
See all of Jim's
comments and
thumbs up or
down, when
callers call
into the show
during the Mad
Money Lightning
Round Segment,
below...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
 |
WFC* |
27.50 |
Wells Fargo (WFC*)
Q: How do
you think the purchase of Wachovia is
going to affect Wells Fargo stock in
2009?
Jim: Now, Wells Fargo
which I have been buying for
ActionAlertsPlus.com, my
charitable trust has
acted like a bow wow… a total dog… so
why am I buying it? … because in the end
they are a direct play on what consider
to bet the historic… the historic…tundra
of Greek, no that is football… the
historic decline in mortgage rates. They
have got a huge mortgage portfolio…
which remember they bought from
Wachovia… they did a secondary right
here… I frankly wish that they had
gotten government help… but I am banking
with Wells Fargo. I think both the
preferred and the common… and I like
Wells Fargo and buy it down on the
scale… a little at $26... a little at
$25... a little at $24. It’s got a
notoriously B.I.G. yield.
|
|
 |
GT |
7.50 |
Goodyear Tire & Rubber Co.
(GT)
Q: I know
that you don’t like single digit stocks,
but GT has been on my mind. And I don’t
have a lot of money to invest.
Jim: Why don’t you just
keep it on your mind. Look other than
the chart and the fact that the stock is
down so much… you need both … you really
do need both autos and oil to go in
different directions. You need oil to go
down, you need autos to go up… I think
that is too big.. to quote my favorite
Clint Eastwood movie, too big a glut
lick… so I will not buy.
|
|
|
ECOL |
20.10 |
American Ecology Corp. (ECOL)
Q: What
do you think of American Ecology?
Jim: Frankly, I think
the stock is actually too low. It is a
high yielding stock it did yield over
$4... I would buy some here and buy some
more if it came down… American Ecology
is a terrific anti-hazardous waste play…
And I don’t know why this stock is
getting beat up because frankly that is
not… by the way, not all that cyclical…
by the way, though, let’s just
understand each other. If I want to be
in that area… Mr. Steiner who runs
Waste Management (WMI)…
friend of the show… traditional money
maker… plowing back money to the
shareholders. I like WMI more than I
like American Ecology…
|
|
|
|
|
| |
|
Continued below...
|
|
|
|
Market Results
today:
|
|
See all of
tonight's
stocks
mentioned, on
Yahoo!
Finance,
here... |
|
|
|
|
|
|
|
Tuesday,
January 06, 2009
(Cont'd from
above)...
|
The Lightning Round
(cont'd)...
|
|
|
|
Tuesday,
January 06, 2009 |
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
WMI |
33.08 |
Waste Management (WMI)
See ECOL comments above for:
WMI
|
|
|
ISIS |
14.89 |
Isis Pharmaceuticals, Inc.
(ISIS)
Q: I
would like to ask you about a small
pharmaceutical company called ISIS
Pharmaceuticals, they recently partnered
with several drug companies through
licensing agreements and joint ventures,
and I am hoping that you will tell me
that they will be the next Genentech?
Jim: You know, I used to
play that game… next Amgen… next
Genentech… uh, no "nexts"... I am
not going with the next there… I sense
this is an interesting spec… not a great
one… right now the bio techs are going
down because people feel that the
economy is about to roar… I disagree
with that…I do think China is about to
roar… I would not be a buyer of ISIS at
this level… that is an insult… that is
an insult… I am obviously so fired up..
I mean you know what I had.. I
happened to have a cappuccino
yesterday.. and I have now been up for
48 straight hours.
|
|
|
CPRT |
28.16 |
Copart Inc. (CPRT)
Q: Your
take on my stock Copart?
Jim: I can tell you
right now that Copart is another company
that has made its quarter.. that is
doing well… that is way too low… and I
gotta tell you that from Memphis to
Mobile, from matches you have gotta a
good one there… I want to buy Copart…
|
|
|
|
|
HIG |
19.44 |
Hartford Financial
Services Group Inc. (HIG)
Q: I am
definitely focused towards long term
investing, bought Hartford Financial
Group at $17. Three months ago it was up
in the $60’s, I think it is an
undervalued stock and I think it is
going to come back.
Jim: I have been doing a
lot of work on Hartford… why?… because
today Hartford exploded…
Lincoln National Corp. (LNC)
exploded… the Linc, I love it…
Prudential (PRU)
exploded… Here is the deal.. I think
HIG… now I actually favor
Travelers (TRV)…
why do I favor Travelers, they did not
need government help which I love… but
HIG is a property and casualty business
that is worth twice what this stock is
selling for… I gotta tell you… I want…
can I wait for weakness?… I don’t want
to recommend a stock that is up 2
points, but Hartford, Pru,
MetLife (MET)..
they are all going to make it…the golden
guy who said that they weren’t … I want
him on the show. I usually don’t have
analysts … he turned me onto the idea
that these are not buys… I think he is
probably at this stage of the game…
wrong. Hartford is now a
keeper. Why didn’t I like it at $10?
Because… I got it wrong.
|
|
|
TRV |
43.17 |
Travelers (TRV)
See HIG comments above for:
TRV
|
|
[verbatim recap]
[ End of the Lightning Round segment ]
|
|
|
|
Read Jim's next Segment
here
|
|
|
|
|
|
|
|
 |
|
|
 |
 |
|
|
|
Search for Jim's past comments about a specific
stock. Use
ticker symbol or company name in quotes
(e.g., GOOG or "Google") |
|
 |
|
|
|
|
|
|
