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Opening Segment #3: |
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'On The
Pitch' |
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[ Note:
Here, Jim
took student
questions,
where they
pitched an
investing
idea to Jim,
and Jim
responded
with his
opinion
about that
stock... ]
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Wednesday,
November 12, 2008 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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SHPGY |
38.22 |
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Question and pitch for:
Shire Limited (SHPGY)
Jim: I
think it's a great idea,
because I care
passionately about
pipeline. I want to see...
just because we're in such
a wait-and-see market... I
want to see whether the
drug that's going to
replace Aderol is going to
have a bump up in numbers,
because they did lower
their estimates for what
they thought this could
do, at their last
meeting... the lower end
of the range. So what I
would do is that I would
not buy it ahead of the
meeting. I know that
that's the temptation. If
I were a hedge fund
manager, maybe I would,
but I want to be sure that
2009 earnings estimates
don't come down. And I
know that 2009's down from
2008, and I've got a lot
of stories where it's up.
So the problem is, the
anniversary... it will
look bad when it comes to
the tape. But, in terms of
pipeline, that's the best
drug stock in the world.
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See comments continued below...
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Wednesday,
November 12, 2008
(Cont'd from
above)...
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
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CCJ |
14.00 |
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Question and pitch for:
Cameco Corp. (CCJ)
Jim:
You know I don't like that
stock. Oil was at $147
three months ago, and
touched $57 today, and I
don't see a bottom there.
I went over copper... I
think gold's going to $650
(price per ounce), so
that's not as defensive as
we think. Remember, we're
in a viciously
deflationary environment,
which is something (Fed
chairman) Bernanke wasn't
wise to... to wait too
late... and something the
ECB isn't wise to. I think
the possibility of
building a nuclear power
plant in this country is
nil. There's a lot of
places that have started
it, but I don't think
they'll finish it. I think
that Obama is very
half-heartedly in favor of
nuclear power. So, I
don't... and I know it's a
global issue... but it's
just not my cup of tea. I
think it goes lower.
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[verbatim recap]
Read Jim's next Segment
here
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Search for Jim's past comments about a specific
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