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The Lightning Round:
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Friday,
October 17, 2008 |
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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XIDE |
4.81 |
Exide Technologies (XIDE)
I have to tell you that, XIDE... we said
over and over again... that XIDE is a
very speculative battery play. It has
never been more than a speculative
battery play, and we bless speculation
on Mad Money. The stock will do well if
they get the technology right... if they
get the technology right.
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ENG |
7.04 |
ENGlobal Corp. (ENG)
I don't know ENG... don't know it. I'll
have to come back on ENG. I just do not
know the stock, and I'm not going to
opine on it. If it's a Gendell holding,
I don't know all of Jeff's holdings... I
don't know that stock.
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PPG |
48.17 |
PPG Industries Inc. (PPG)
Alright, now this is a good example of
how tough this market is... PPG had a
remarkable quarter... Really one of the
best that I've seen... Everyone would
have thought that a cyclical chemical
company would have just a miserable
quarter. It blew away the numbers... it
was remarkable... and then, what did it
do today? It went down almost $3 bucks.
Now, I could tell you to buy it, but
I've got to tell you... my experience
is, the only thing that will protect you
right here is dividends, and my chemical
company... I'm not doing
Dow Chemical Co. (DOW),
because I don't know if I can trust that
Dow Chemical... My favorite one is going
to be DD, because it almost yields 5%.
PPG yields 4.5%, but I have to tell you,
without a dividend yield, I am not going
to recommend a chemical stock. Too much
cyclicality.
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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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Friday,
October 17, 2008
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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|
Friday,
October 17, 2008 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
 |
DOW |
23.96 |
Dow Chemical Co. (DOW)
See PPG comments above for:
DOW
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DD |
33.77 |
DuPont (DD)
See PPG comments above for:
DD
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FUN |
16.12 |
Cedar Fair LP (FUN)
I've recommended the stock. The numbers
were good. The coverage for the dividend
is good... I think the dividend is safe.
I want to re-recommend FUN.
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TNH |
86.00 |
Terra Nitrogen Company, L.P.
(TNH)
Well, I pulled the plug, you know, on
every single one of the fertilizer
companies, and just said that the year
of fertilizer is just absolutely done...
The only one that I have since said is
okay is TNH, because that one pays a
very big dividend. But I am not backing
away from the idea that the fertilizer
trade is over, except for that one will
give you a good dividend and you can
ride it out. It's been a tough run for
those stocks and, anytime they lift...
sell, sell, sell!...
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DPM |
15.81 |
DCP Midstream Partners
LP (DPM)
Oh man... this is another one. It's got
the same qualities again... It's got a
natural gas services and logistics
business. I am not as familiar with this
stock. I'm going to re-recommend... I
know it's boring to continue to go back
to
Kinder Morgan Energy Partners
(KMP)...
But KMP is better than your stock...
it's held up better... and I have much
better faith in the dividend there. I
say sell yours and get into KMP.
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KMP |
51.48 |
Kinder Morgan Energy Partners
(KMP)
See DPM comments above for:
KMP
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[ End of the Lightning Round ]
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Read Jim's next Segment
here
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