Jim's
rating on
this stock

STOCK
SYMBOL

Closing
price that
day

Full Company Name & Jim's Comments:

VNUS

19.79

Vnus Medical Technologies (VNUS)

Q:     I was wondering if VNUS Medical was a good stock?

Jim:   Oh hold it, that is another great speculation… yeah, this is another one, it is closure systems, room closures, minimum invasion… oh man, it has had a big run… but as a speculative play, I endorse it… and remember, I also like healthcare plays a lot.

PCAR

26.73

Paccar Inc. (PCAR)

Q:     I am a holder of PACCAR, retired…

Jim:   Well, PACCAR is very industrial company, in the industrials the world is just going down, down, down… every day is worst than the previous day… so even though at one time I liked PACCAR… I want you to be very careful.

XRX

5.52

Xerox Corp. (XRX)

Q:     My question revolves around Xerox(XRX), where do you see it going? Can it survive?

Jim:   I think it is dead… they have a lot of debt to roll over… I know they are trying real hard, I don’t want to slam the whole company… but I would not buy that company… I am looking very specifically at debt… and when does debt expire and whether a company will be able to roll over debt… in this environment unless you are backed by the US Treasury, you cannot roll over debt… unless you are willing to pay a really high price…. which is what I think that company will have to pay.

D

31.69

Dominion Resources Inc. (D)

Q:     Dominion Resources?...

Jim:   No, I mean Dominion Resources is okay… you know all of these utilities took a real hit this week… which is rather amazing because the economy keeps slowing down… I like Dominion Resources here… it is too cheap… I can’t go against it… it is just too darn cheap… I think that is a good thing to buy.

GMXR

21.07

GMX Resources Inc. (GMXR)

Q:     This is speculation Friday, and I wanted to ask you about GMX Resources?...

Jim:   You know we like that… we said that the break up value there is substantially more than it is selling for… I encouraged you to buy that… remember I also think that oil and gas has bottomed… I particularly like BP plc (BP*)… because of that bountiful yield.

BP*

40.10

BP plc (BP*)

See GMXR comments above for:
BP*

MRK

28.10

Merck (MRK)

Q:     Hey what do you think of Merck?...

Jim:   It is not my favorite pharma, but I like healthcare so much that I am willing to pull the trigger on Merck… you know I gotta tell you… I do prefer Bristol-Myers (BMY*)… because it has got higher yield and better growth prospects… and Abbott Laboratories (ABT*) which did a huge double digit boost of its dividend today… it is clearly the easiest one to recommend in the group.

BMY*

20.37

Bristol-Myers Squibb Co. (BMY*)

See MRK comments above for:
BMY*

ABT*

54.03

Abbott Laboratories (ABT*)

See MRK comments above for:
ABT*

DE*

28.89

Deere & Co. (DE*)

Q:     Going to ask about Deere?...

Jim:   Deere’s execution was so sloppy that I was embarrassed for them… that was a huge mess I was surprised the stock was only down a $1 when it first started… it is now down another $1... I do not want to touch that until they learn to execute… Deere is on my quick sell list… they let us down… they were worst than AGCO Corp. (AG)… worst than Monsanto (MON)… worst than Bunge (BG)… but those are, only AG is an equipment company… Deere was bad… and I cannot get behind them anymore.

[verbatim recap]

[ End of the Lightning Round segment ]