'Mad Mail'

Terra Nitrogen Company, L.P. (TNH)

Q:      Love the show! You are the best in the business - keep telling it like it is. A few months back, people were worried that farmers would not have the money they need to be able to get this year’s crops off to a good start. First, is this true or still true and second, could you play the agricultural segment as an ETF? Thanks for all you do.
Booyah, Tim

Jim:    Listen Tim, we don’t use ETF’s when we can pick stocks and the best ag play is Terra Nitrogen Company, L.P. (TNH)… cause it has got that great yield… that is the way to go… and it is a world wide demand for food, so we don’t have to worry about domestic demand… and there is money…. and by the way, the farmers they are so powerful in Washington, they can stop anything… they will get want they want.

'Mad Mail'

Diageo plc (DEO)

Q:      I picked up Diageo plc (DEO) to play during this recession. It has a great balance sheet, great products and sells globally. Why has it taken a huge downturn? Should I buy more now that it’s around its 52-week low? What do you recommend?
David

Jim:    David, I have to tell you that it is without a doubt a great congener that alcohol… especially higher end alcohol like Johnny Walker, Black, Green, Yellow, Blue… simply isn’t selling well… also Constellation Brands Inc. (STZ) last night pre-announced… the answer is that alcohol did not hold up in this recession… Diageo is great if you want to put it away… frankly there is no momentum there, whatsoever, so don’t expect anything soon.

'Mad Mail'

Nucor (NUE)

Q:      Can you explain why you are so bullish about Nucor’s future prospects? They are facing 1Q loss per share of 55 to 65 cents with no clear end in sight to this economic doom. When you had CEO Dan DiMicco on your show months ago, they were profitable at 50% capacity, but now they are losing quite a bit. During yesterday’s Lightning Round, you said you liked NUE better than United States Steel Corp. (X). I want to believe this, but how did you come up with that? Keep up the good work!
Mark

Jim:    Nucor does not have a pension problem… the research said that US Steel does… Nucor preannounce at $38, went down to $32 then moves back to $40... why do I like Nucor, because it is the best run… now, that said… I am concerned about Nucor up here and I would wait for a pull back and I would love to hear from Dan DiMicco about the dividend… because, well, I don’t know… they need to make a little more money, and they are not.