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Final
Segment #1: |
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'Mad Mail' |
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Tuesday,
November 18, 2008 |
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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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CAT |
36.19 |
Mad Mail question:
Caterpillar Inc. (CAT)
Q: I am a
25-year-old investor looking for a
long-term (4-6 year) buy in the
construction sector, but I'm torn
between two companies you have recently
recommended on your show:
Caterpillar Inc. (CAT)
and
Foster Wheeler (FWLT*).
One has an accidentally-high dividend
yield, while the other was recently
purchased for your
charitable trust.
In your opinion, which would be the
better play for me and why?
Jim: At the crux of
what is so hard right now... CAT had a
puny yield. The stock went down and now
it's got an accidentally-high yield. So
I like that. FWLT is beginning to trade
near cash. I like that. Are these six or
half dozen? (e.g., essentially the same
situation and opportunity for both)...
Yes. And, if you have too many stocks
that are accidentally-high yield, you
might want to have one that is trading
at or near cash, like a
Shaw Group Inc. (SGR),
like a
KBR, Inc. (KBR),
like a FWLT*... and, like a
Joy Global (JOYG)...
But, you know what? You've got to get
comfortable. I'm comfortable with
owning... I've got a bunch of them that
are high yields that used to be puny.
FWLT* is mine in
my charitable trust,
ActionAlertsPlus.com,
my placeholder for a stock that is at or
near cash.
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Continued below...
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Tuesday,
October 22, 2008
(Cont'd from
above)...
Jim (continued):
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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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FWLT* |
18.29 |
Mad Mail question:
Foster Wheeler (FWLT*)
See CAT comments above for:
FWLT*
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SGR |
13.17 |
Mad Mail question:
Shaw Group Inc. (SGR)
See CAT comments above for:
SGR
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KBR |
12.06 |
Mad Mail question:
KBR, Inc. (KBR)
See CAT comments above for:
KBR
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JOYG |
21.31 |
Mad Mail question:
Joy Global (JOYG)
See CAT comments above for:
JOYG
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na |
na |
Mad Mail question:
General question about when the
bottom to the market is coming...
Q: It looks like the
bottom is nowhere in sight. Since you
are still telling your viewers you are
still trying to find them a bull market,
I guess you are not ready to call the
bottom. Is the bottom even close? Any
thoughts?
Jim: I don't play it
like that... I don't play it. I look for
stocks that trade at or near cash. I
look for stocks of companies that are
recession resistant. I look for stocks
of companies that have accidentally-high
yields. And I'm constantly looking. I
don't give up. I want to keep my hand
in. I want to stay the course, but not
in a way that is aggressive or reckless.
I've got a lot of cash. I am not looking
for a bottom in the market. That doesn't
mean anything to me. I'm looking for a
bottom in my stocks, buying them on the
way down on a scale. I know it's much
more exciting to say, "This is the
bottom!" But it's never worked out that
way for me, and it's not going to start
working that way now.
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Read Jim's next Segment
here
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