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The Lightning Round: |
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Wednesday,
March 11, 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...
Now it is time
for the
Lightning Round…
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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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MTL |
3.54 |
Mechel Open Joint Stock
Co. (MTL)
Q: My
stock is MTL - Mitchell from Russia?
And Jim... Go get Jon Stewart.
Jim: Jon Stewart is a
personal friend of mine… no, not true…
now this one is a Russian stock, and
normally I don’t like the Russian market
at all… but this one is down all the way
to $3... so I regard it as a Russian
lottery ticket… so let’s put it this
way, if this were a speculative
Friday….. I would recommend that stock…
but not, not because it is a
fundamentally strong company… it is a
call on stability in Russia… so I will
pull the trigger on a $3.… but remember,
zero is more likely than six.
Price target to buy: $3.00
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ATHN |
26.74 |
Athenahealth, Inc. (ATHN)
Q: I am
wondering about Athena health(ATHN) in
light of Obama's incentives for
electronics medical records?
Jim: We have… remember
we did the
Allscripts Healthcare
Solutions Inc. (MDRX),
okay… I mean we did the MDRX… it is
Allscripts, I always call it MDRX
because that is the alliteration of the
symbol MDRX… and we decided to take
profits in that… we are not going to get
back… we are not going to suddenly
decide that we are going to get into
medical records again… so I am going to
take a pass and tell you not to buy that
stock.
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WWE |
9.83 |
World Wrestling Entertainment
(WWE)
Q: WWE -
Worlds Wrestling Entertainment. With
their 25th anniversary coming up, what
do you think?
Jim: The stock has been
a disappointment… it has not been a good
one to own.. and no, I am not going to
recommend that stock… I had felt that
the dividend would support the stock,
but it just hasn’t… and my take is not
to buy WWE… regardless of the
anniversary.
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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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Wednesday,
March 11, 2009
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Wednesday,
March 11, 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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APA |
56.64 |
Apache Corp. (APA)
Q: What
do you think of Apache?...
Jim: I struggle all the
time with the order of things… there is
an Anadarko that I like more… there is
an Apache that I like more… I was
wearing my Apache t-shirt to bed last
night… hey, what can I tell you, I was
hoping to have a dream… no, that was a
previous caller… but I like Apache a
lot… but remember I like the integrated
oils, and natural gas under $4 means
that I don’t want to go there… so
Apache, I am going to take a pass… it
was $2... wait until it cools off if you
like Apache… I am not going to recommend
it.
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UIL |
17.80 |
UIL Holdings Corp. (UIL)
Q: I have
got a question about a local utility,
UIL Holdings?
Jim: You know I have
always had a soft spot for this company…
but I am sorry… I mean I am… sometimes
it has just a gigantic yield… but you
know what… things are so uncertain that
I have decided that I like
Dominion Resources Inc. (D)
for the yield, remember they have raised
it 11% two years in a row, and they have
executive buy program… and I like EIX,
Edison International (EIX),
as an Obama play… and those are the only
two right now that I am going to get
behind… I do think
Consolidated Edison Inc.
(ED)
is cheap.
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D |
28.15 |
Dominion Resources Inc. (D)
See UIL comments above for:
D
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EIX |
25.21 |
Edison International (EIX)
See UIL comments above for:
EIX
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ED |
34.21 |
Consolidated Edison Inc.
(ED)
See UIL comments above for:
ED
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FUN |
8.63 |
Cedar Fair LP (FUN)
Q: Cedar
Fair?...
Jim: That stock has
certainly been… do you know that there
are executives in that company that
actually had to go sell stock, because
they got so, so long… I am not going to
mention it by name, because it is
probably embarrassing… but the CEO did
sell 167,000 units to meet a margin
loan… he himself has driven down the
stock… plus they got rid of the yield…
this is one that I made a very big
mistake on… I thought the yield was
safe… I was wrong… I cost people money…
I apologize… I thought that the roller
coaster was going to continue to
generate good returns… it didn’t… I was
wrong, I had no fun… and there is no fun
in FUN… that is the symbol.
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[verbatim recap]
[ End of the Lightning Round segment ]
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