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The Lightning Round: |
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Monday,
March 2, 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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TSM |
7.45 |
Taiwan Semiconductor (TSM)
Q: I
would like your thoughts on Taiwan
Semiconductor?
Jim: No, no, no, and no…
I am recommending no semi-conductor
companies on this show… I don’t see any
growth that… the industry is in complete
retraction… it is back to the way it was
in the 1990’s… I am not going to
recommend that… same thing with the disk
drive companies, I am not going to
recommend them… and let me throw in
SanDisk Corp. (SNDK),
and the flash memory companies… everyone
of those is a sell.
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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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Monday,
March 2, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Monday,
March 2, 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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SNDK |
8.01 |
SanDisk Corp. (SNDK)
See TSM comments above for:
SNDK
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LLY |
22.75 |
Eli Lilly & Co. (LLY)
Q: What
do you think of Eli Lilly?
Jim: I think the
government is taking aim at big pharma…
like LLY… that happens to be a good
company with a 7% yield… but I think
that Henry Waxman has historically felt
that the government out to use its
buying power to be able to cut prices…
so anyone who has a product portfolio
like Eli Lilly, that has competition,
competitive other drugs… they will
compare those other drugs, and they will
drive prices down… which is why I am no
longer recommending any big pharma that
doesn’t have a lot of growth… that is a
brutal change for me… necessitated by
Obama’s horrible budget… for stocks, may
be good for the American people, it is
not good for the American shareholder.
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ADSK |
11.86 |
Autodesk, Inc. (ADSK)
Q: The
stock is Autodesk it hit it’s 52 week
low today?
Jim: Yes, I know but I
don’t have any reason to recommend
Autodesk… I don’t see any real momentum…
I don’t see any earnings that make me
want to be it… I want to sell, sell,
sell Autodesk.
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TS |
15.43 |
Tenaris SA (TS)
Q: I
wanted to know, what do you think about
Tenaris?
Jim: Oh gee, you know I
was looking at the OIH (i.e., the
Oil Services Index (OIH)
today… I mean this is… no, design
software… no, let me tell you the
problem with Tenaris, okay… Tenaris is
without a doubt one of the great
companies, so let’s put that out there…
but it makes piping that we need for
drilling… and I think the Obama plan has
destroyed what wasn’t destroyed by the
decline in oil pricing… so I believe
that there is much less drilling… which
means much less use for Tenaris pipe…
which means Tenaris, even down here,
cannot be bought… let’s wait until it
goes under $10... and then maybe then,
we will pull the trigger… sorry to be
bearish… good to be honest.
Price target to revaluate and possibly
buy: Under $10.00
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[verbatim recap]
[ End of the Lightning Round segment ]
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