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Monday,
October 22, 2008
(Cont'd from
above)...
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Jim (cont'd):
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
 |
PBCT |
17.70 |
Mad Mail question:
People's United Financial
Inc. (PBCT)
Q: Booyah skee
daddy!... No one is
talking about People’s United!
The company seems to be well
positioned compared to many
other banks, and is among those
banks that DID NOT take any TARP
money. It’s currently smack in
the middle of the 52-week
high/low range, but the dividend
payout is more than its EPS.
Should that be a concern or
should I be buying into PBCT at
these levels?
- Kane
Jim: I am
recommending no banks… I am
recommending no banks because
every since I told people to
sell
Hudson City Bancorp (HCBK)
when it was much higher… I have
watched even the best banks go
down… I know better than to get
in front of a snow plow.
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 |
AA |
8.50 |
Mad Mail question:
Alcoa, Inc. (AA)
Q: I have a question
with regard to what you said
about the Chinese market the
other day. You said the demand
for iron ore, copper and steel
in China is starting to appear.
What about aluminum? Is there a
play that could benefit off
China’s growth and our proposed
stimulus plan?
- Dave
Jim: You are spot
on… it is true… aluminum is
starting to move up… that is a
very good call.. I think that
Alcoa, Inc. (AA)
at $8 could have $2 to the
upside… I would buy Alcoa… I did
earlier say that today… I didn’t
know this question was coming…
in
RealMoney.com,
which is the paid site of
TheStreet.com… though no one
seemed to care when I wrote it.
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|
 |
na |
na |
Mad Mail question:
General Question...
Q: Could you update
us on the status of the uptick
rule? Now that Chris Cox is no
longer at the SEC, will the
Bulls have a level playing field
with the Bears? I hope the rule
is reinstated, or the thumb
suckers on Wall Street will
continue to destroy the wealth
of American investors. Thank you
and keep up the good work.
- Scott
Jim: Scott, I am
putting together a special on
what Mary Shapiro, the new SEC
chairwoman should do… and that
would be exhibit A of what she
must do.. but I will be very
candid with you… she does not
strike me as someone who is
willing to break with tradition…
she strikes me as someone who is
a little bit high bound… so it
is going to take some prodding
before we think we win her over
to our position.
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|
 |
MRO |
27.96 |
Mad Mail question:
Marathon Oil Corp. (MRO)
Q: How is it that
oil prices are dropping or
staying the same, but gas prices
are going up? Supply is up and
demand is down shouldn’t that
force gas prices down?
- Michael
Jim: Michael, this
is what is known as the crack
spread…you are absolutely right…
sometimes it lacks… sometimes it
depends on what crude is priced
at… that is where we import a
lot oil… anyway, to make a long
story short.. you want to buy
Marathon Oil Corp. (MRO)
or
Valero Energy Corp. (VLO)…
because those are the guys that
are scalping that little bit of
money…now just to be clear… I
typically do not… I do not like
the refiners… which is why I
mention Marathon… cause that
also has exploration and
production… but, the refining
market it way too big because I
paid $2.05 this weekend… and oil
is back to where it was several
years ago… you got a good idea…
I am going with it Michael.
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VLO |
24.47 |
Mad Mail question:
Valero Energy Corp. (VLO)
See MRO comments above for:
VLO
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[verbatim recap]
[end of segment]
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