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The Lightning Round:
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Thursday,
November 6, 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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GS* |
80.72 |
Goldman Sachs (GS*)
Jim: Alright, let's
do some analysis of Goldman Sachs, which
is a stock that I have owned for
my charitable trust
since inception... and it's run by
Lloyd Blankfein... and, if I had any
friends in the world, I might actually
consider him a friend. Now here's
the thing... GS* has a $99 book
value. This stock now sells at
0.8% of book. I cannot believe it.
These stocks used to sell at 2x book.
I say GS* is going to have...
Look, I said
Disney Co. (DIS)
was going to have a bad number.
They had a bad number and I said buy
it... GS*, I predict they're going
to lose $4 to $5 a share... that's
right, $4 to $5 a share... so take book
down to $89... take the book down to
$94... take the stock to, let's
say to $75. It will be, at that
point, an unbelievable buy. Do
people not think that Goldman Sachs can
reinvent itself... do they feel that it
needs a proprietary desk to make
money... only that it needs CDOs
(Collateralized Debt Obligations) to
make money? Mark my words, I will
say that, if you can buy a stock for $40
less than
Warren Buffett
can, do you mind if I say,
you're smart?...
Price target to buy GS*:
$75.00
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ABB |
11.22 |
ABB Ltd. (ABB)
Jim: Keep thinking.
Don't pull the trigger there. This
is one of the few infrastructure
companies that I did not like the order
for. They did not deliver.
They were down-sided... They
are... sell, sell, sell... a house
of pain. They are questionable.
I've got three. I've got
Chicago Bridge & Iron (CBI),
I've got
Jacobs Engineering (JEC)...
I've got my favorite,
Foster Wheeler (FWLT*).
Why do I need to go down the food chain
to ABB?
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CBI |
8.99 |
Chicago Bridge & Iron (CBI)
See ABB comments above for:
CBI
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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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Thursday,
November 6, 2008
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Thursday,
November 6, 2008 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
JEC |
32.70 |
Jacobs Engineering Group,
Inc. (JEC)
See ABB comments above for:
JEC
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FWLT* |
23.73 |
Foster Wheeler (FWLT*)
See ABB comments above for:
FWLT*
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PFG |
23.59 |
Principal Financial Group
Inc. (PFG)
Jim: No, no...
I don't want any company that's in the
annuity business.
Lincoln National (LNC),
I don't want...
Ix-nay on the
Manulife (MFC),
the old John Hancock... HIG, I
don't want HIG... I do not want
MET... And, if I want an insurer,
I am going to recommend two...
Chubb (CB),
because I think that they are a great
property and casualty... and
Travelers (TRV),
which did not bother insuring financial
instruments. And that guy,
Fishman, who runs TRV... he's
always welcome here, but I bet you he
won't come on, because I don't think he
takes our call.
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LNC |
18.02 |
Lincoln National Corp. (LNC)
See PFG comments above for:
LNC
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MFC |
21.37 |
Manulife Financial
Corporation (MFC)
See PFG comments above for:
MFC
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CB |
46.95 |
Chubb (CB)
See PFG comments above for:
CB
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TRV |
37.70 |
Travelers (TRV)
See PFG comments above for:
TRV
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INTC |
13.87 |
Intel (INTC)
Jim: I think Intel is
having a problematic period. The
CEO was kind enough to be able to tell
us this is like the worse market he's
ever seen. I actually prefer...
and here's like a Stop Trading moment...
I actually prefer
Advanced Micro Devices Inc.
(AMD),
at $3 bucks, than I do INTC at $13.
So people could say, listen, why don't
you buy Intel and put it away. I
will give you a repeat of
Warren Buffett's
view... I want you buy Intel, but
I don't want you to look at it until 100
years from now... 100 years from
now, I am going to be dead right, and
anybody who disagrees with me should put
me on the Today Show...
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AMD |
3.17 |
Advanced Micro Devices Inc.
(AMD)
See INTC comments above for:
AMD
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[verbatim recap]
[ End of the Lightning Round segment ]
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