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The Lightning Round: |
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Tuesday,
January 13, 2009 |
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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...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
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ASH |
10.35 |
Ashland Inc. (ASH)
Q:
Ashland (ASH) you recommended it at $8
it is now $10, and they just cut their
dividend to 2 ½ %, is it still a buy?
Jim: Yes, I think it is…
this is the kind of chemical stock that
I think has bottomed… and I want to buy
it here… this is one of them that
everyone has left for dead… they think
it will never come back… you know what,
it may not come back for 18 months… but
I am willing to hold that stock until it
does. I think that is an inexpensive
stock.
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DLM |
7.00 |
Del Monte Foods Co. (DLM)
Q: With
so many Americans being unemployed, and
consumer spending kind of curtailed
based on like travel and big ticket
purchases. The one thing that families
still have to do is eat right? What is
your position on DLM - Del Monte?
Jim: I haven’t looked at
Del Monte recently enough… and you know
what… I like to look at the food stocks…
we are going to come back with a write
up of Del Monte… to see if it fit’s the
pattern… I was thinking the other day,
we have had a lot of knock off players..
right… I mean we did Tree House which is
kind of a knock off this… and we have a
lot of companies that I would describe
as trade down companies… Rick does not
deserve a little cuff that says hey Del
Monte is okay… we are going to do a Del
Monte write up when we come back… I
don’t know whether to be bullish or
bearish… but I will sure get to the
bottom of it.
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BMY* |
22.01 |
Bristol-Myers Squibb Co.
(BMY*)
Q: I took
some advice and finally went with a big
dividend pair, what is your take on BMY?
Jim: Bristol-Myers…
Bristol-Myers is one of the best stocks
I know.. I own it for
my charitable trust… not only that,
the dividend is safe… I am surprised
that the company can stay independent…
Bristol-Myers is this market… it is what
you should own… by the way
Schering-Plough (SGP),
I want to invite Fred Hassen on, even
though I know he won’t come… because it
is near the earnings… whatever… but
tremendous activity in (it)… maybe
someone closing out of position… but
Schering Plough is also in up mode… but
Bristol-Myers … buy, buy, buy.
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Continued below...
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Market Results
today:
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See all of
tonight's
stocks
mentioned, on
Yahoo!
Finance,
here... |
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Tuesday,
January 13, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Tuesday,
January 13, 2009 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
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SGP |
18.40 |
Schering-Plough (SGP)
See BMY comments above for:
SGP
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CPO |
30.10 |
Corn Products International Inc.
(CPO)
Q: What
is your take on CPO?
Jim: You know I just
don’t find it… I do not find that stock
compelling enough… it has a big run… I
don’t see anything proprietary about
it…I am going to say don’t buy… I just
don’t find anything that makes me feel
like you know what… Corn Products not a
great yield… I am just getting warmed
up, that is an insult to me… I am going
to skip Corn Products. I don’t want to
buy it.
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KR |
24.72 |
Kroger Co. (KR)
Q: Your
thoughts on Kroger's stock?
Jim: It is the only
supermarket chain I am going to
recommend on this show… the other ones
are all losing shares… and they are all
getting their butt handed to them…
Kroger, I think, is an absolute buy. I
want to buy Kroger right here… my hat is
off to them… they have really done a
major turnaround. That is one good darn
stock, Kroger.
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DRYS |
15.54 |
DryShips, Inc. (DRYS)
Q: I got
back in the market in November, I got a
new one going. I have owned since then,
and sold it, part of it, and I still own
it called DryShips.
Jim: You know what, I
have been looking at DryShips… anybody
that watches the unbelievably fantastic
morning Squawk Box show knows that there
is just a mass amount of trading in
DryShips early morning… that is because
they are getting Baltic Dry Freight
(index) numbers in the morning… I get
them too… Baltic Dry Freight is now over
$900... 900... I would buy DryShips… and
I would go back in… this is the first
since
Nordic American Tanker (NAT)…
I would buy
Frontline Ltd. (FRO)
here… yes, Baltic Dry Freight has
bottomed… it is a great place to be… you
can DRYS.. or you can do FRO… Nordic
American, of course, is not a dry boat…
that is liquid… but I like that one too.
Front line man… they cut that dividend
but I don’t care… it is the right place…
that is more crude oil… let’s go with
DryShips… I like DryShips.
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NAT |
32.71 |
Nordic American Tanker (NAT)
See DRYS comments here for:
NAT
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FRO |
29.91 |
Frontline Ltd. (FRO)
See DRYS comments here for:
FRO
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Read Jim's next Segment
here
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[verbatim recap]
[ End of the Lightning Round segment ]
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