|
Final
Segment #1: |
 |
'Outrage of the Day'
AND
'Mad Mail' |
|
|
|
Monday,
November 24, 2008 |
|
|
 |
 |
|
| |
|
Jim:
Alright, you want
outrage? You want
unbelievable?...
How about the
homebuilders asking
congress for a $250
billion stimulus
package. This is
just galling... the
homebuilders. These
are the very
companies that got
us into this mess.
And they're now
begging at the
federal trough for a
quarter of a
trillion dollars.
What do you think
they'll do with that
money? They want it
so they can build
more homes. Well,
that's just what we
need like a hole in
the head, as if the
housing glut hasn't
hurt regular people
enough... As if the
value of your home
hasn't already been
crushed... now, with
the median home
sales price at the
lowest it's been
since March of 2004,
and going lower...
These guys are
asking congress for
cash, so that they
can build more
homes, and hurt
existing homeowners
even more.
The homebuilders
want money?... I
mean, you've got to
be kidding me...
This package had
better be deep-sixed
immediately. Giving
these companies
money is the worst
possible thing we
could do, given the
house price
depreciation that
has threatened the
whole world's
economy.
They want $250
billion. You know
what? I think they
owe us $250 billion.
I want a government
bailout provided by
the homebuilders...
We need the
homebuilders to
merge or die. We
don't want them
pumping out any more
homes. This is the
absolute height of
outrage. I can't
believe these guys
have the guts to
even ask. Aren't
they embarrassed? I
mean, it's got to be
stopped.
I'm happy to give
these companies
money to stop
building homes... or
dismantle their
existing
inventory...
dismantle
themselves! But
letting them live
another day and keep
building homes is
like dropping napalm
on the U.S. economy.
No thank you...
We do like their
idea of a tax
credit, if you buy a
home. They want
$10,000... Hey
listen guys, we'll
give you $20,000...
but, please... not a
dime to the
homebuilders.
|
|
Continued below...
|
|
|
|
|
|
|
|
|
|
Wednesday,
October 22, 2008
(Cont'd from
above)...
Jim (cont'd):
Now for some Mad
Mail...
|
Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
|
 |
WIN |
8.15 |
|
Email question about:
Windstream Corporation (WIN)
Q:
I am a 30-year-old
investor that's only been
in the game a year. I have
been buying all the way
down, focusing on
high-yield, quality stocks
like
Altria (MO*)
and WIN. I just added to
my position on
World Wrestling Entertainment
(WWE),
as I was buying on a
4-point scale and hit my
magic number intraday. I
don't need the money in
the foreseeable future
but, as I continue to see
dollars dwindle away and
just need some
reassurance. Am I doing
the right thing?
Jim:
I think WIN's dividend is
safe. I know that business
has been slowing, but I
also know that it's an
attractive takeover
target. I think you're
paid to wait. I met with
management probably six
months ago. Things were
okay. I don't think things
have changed dramatically.
MO is just a screaming
buy. I just bought some
for
ActionAlertsPlus.com, my
charitable trust. The
yield is safe, the stock
is ridiculously cheap, and
we're going into a
recession for heaven's
sake... WWE missed the
quarter, so I don't know
what to say, other than
the fact that this
company's been very
prudent. I think that WWE
is one where you'll be
safe, but I did not like
the fact that they missed
the quarter. You are 30
years old. You've got all
the time in the world.
Let's pick some other
stocks that we know are
accidental high yielders,
where we know that the
dividend is not in
jeopardy. I talk about
them every night on the
show and MO* fits the
depiction.
|
|
|
|
MO* |
15.43 |
|
Altria (MO*)
See WIN comments above
for:
MO
|
|
|
|
WWE |
10.25 |
|
World Wrestling Entertainment
(WWE)
See WIN comments above
for:
WWE
|
|
|
 |
EXM |
5.27 |
|
Email question about:
Excel Maritime (EXM)
Q:
I know that you said that,
in shipping stocks, the
only one you would
recommend is Nordic American Tanker (NAT)...
NAT, NAT, NAT... I get it!
Or maybe not... Would you
please humor me and
explain how EXM, with
"apparent" excellent
fundamentals and now a
very high accidental
yield, is selling at
around $5 a share? Will
the economy and pirates
wipe out the dry bulk
industry? I was asleep at
the wheel last week, when
I could have had a handy
profit (oink, oink). Throw
this dog a bone. I promise
to listen better...
Jim:
Listen... I don't know the
shipping business. But the
CEO of NAT does. And he
has said that his balance
sheet is the best, and I
trust him implicitly.
That's the one to go with.
I don't know why EXM is
not doing so well. I do
know that NAT has a
clean-as-a-whistle balance
sheet. That's the one to
go with. I'm not
deviating.
|
|
|
|
NAT |
27.40 |
|
Nordic American Tanker (NAT)
See EXM comments above
for:
NAT
|
|
Read Jim's next Segment
here
|
|
|
|
|
|
|
|
|
|
|
|
 |
 |
|
|
|
Search for Jim's past comments about a specific
stock. Use
ticker symbol or company name in quotes
(e.g., GOOG or "Google") |
|
 |
|
|
|
|
|
|
