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The Lightning Round: |
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Wednesday,
December 17, 2008 |
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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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TSN |
7.91 |
Tyson Foods (TSN)
Jim: TSN was a victim
of our wrong-headed ethanol policy... We
know, because we had Richard Bond (CEO).
He came on the show, he said the margins
were going to get pressed. Boy, that
whole poultry industry has been blown up
like mad. You know what? He's a
survivor, but that doesn't mean you want
to own that stock. I'm giving him a
don't buy, don't buy, don't buy...
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JPM* |
31.86 |
JPMorgan (JPM*)
Jim: Okay, so get
this... He (CEO) comes on the show...
and just does this unbelievable
interview, and what he says is, sell me,
sell me... and he's the CEO. Get that.
What do his detractors say? But, I found
that the opposite was true. And, right
after that, Merrill Lynch downgraded
JPM, and everyone piled on. I say bank
with Jamie (Dimond)... So, it maybe goes
down 3 or 4 more points. I own it for
ActionAlertsPlus.com, my
charitable trust. And
I trust Jamie. He did an equity offering
at $40. I think he's fine. Why? Because
the Federal Reserve is doing, "by any
means necessary" to save this economy,
and I think they will. I am going with
Bernanke/Dimond.
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CHK |
16.09 |
Chesapeake Energy Corp. (CHK)
Jim: Boy, this is a
tough one. Because I like Aubrey
McClennan very much. I think he's doing
a darn good job. I keep thinking about
that El Paso, having to pay 13% last
week for a bond. Boy, if you're not part
of this FDIC program, you can't borrow.
I like CHK, but I'll tell you... If I
want to be in that game, you know I'm
going to come back to
Anadarko Petroleum
(APC)...
which holds up better than all of them,
which is really not saying much, because
that group is bad. APC is my play. Jim
Hackett (CEO) is really good at what he
does. I'm not knocking Aubrey, but
Aubrey likes a little too much debt for
me.
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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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Wednesday,
December 17, 2008
(Cont'd from
above)...
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The Lightning Round
(cont'd)...
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Wednesday,
December 17, 2008 |
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name & Jim's
Comments: |
|
|
APC |
na |
Anadarko Petroleum
(APC)
See CHK comments above for:
APC
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WHR |
43.00 |
Whirlpool Corp. (WHR)
Jim: Here's the
problem... WHR is going right down the
drain. I don't like the balance sheet. I
think that, you know, Electrolux just
said bad things. I know that
General Electric (GE)
is trying to sell its appliance
division. I think that there's a lot of
over capacity in the appliance business.
They've got to right size it. I think
WHR's too risky to recommend on this
show... don't buy, don't buy... it's too
risky.
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CL |
62.18 |
Colgate-Palmolive Co. (CL)
Jim: Now you're
talking! CL is really my kind of stock.
Now I really believe that CL is at the
low end of the range. Look at this...
this stock's down from $81 to $62...
it's a very well-run company. Its raw
costs are going down. It's a fabulous
play on the weak dollar, which a
newly-found dollar, which I say,
Hallelujah... despite all of the other
people coming on air, saying they want a
strong dollar... You come out here
saying, "I want a strong dollar," and
that's like saying, "I want
unemployment, I want people laid off, I
want people losing jobs"... I'm against
those things. A weak dollar is good for
Colgate, good for
Caterpillar Inc. (CAT),
good for your portfolio... I like it.
Stick with it. And do some buying, right
here, Colgate. Remind me, staff... I
think I want to do some work on
Colgate...
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CAT |
44.65 |
Caterpillar Inc. (CAT)
See CL comments above for:
CAT
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WWE |
11.74 |
World Wrestling Entertainment
(WWE)
Jim: I'm troubled...
I'm troubled, because the stock... This
is one of those I have to tell you... I
am going to be very honest, because you
know I like Linda McMahon (CEO) very
much... I like Vince McMahon... Linda is
CEO, Vince is founder... but this stock
does... if we were at my hedge fund, we
would say, "it acts terribly"... It acts
terribly, and it's now yielding 12%. I
know they boosted the dividend for
everybody but themselves, which was very
selfless. It acts terribly and I don't
know what's going on. Business is okay,
but it is now one of those stocks that
has too high a dividend... it's got a
dividend too far, so I'm concerned about
it, and I say don't buy. That dividend
is what I call a "red flag" which is the
challenge flag...
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WMT* |
na |
Wal-Mart (WMT*)
Jim: It's one great
stock... it's the best-performing stock
in the Dow... I want to buy, buy, buy.
We will miss Lee Scott (CEO) on this
show, the CEO who reinvented Wal-Mart,
and who brought lower prices to the
hundreds of millions of people, and is
one of the greatest CEOs... and we ought
to have a Wall of Fame for retiring CEOs
who have done unbelievably, because Lee
Scott would be at the top. No offense to
George David at
United Technologies
(UTX)...
So, I want you to stick with Wal-Mart...
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[verbatim recap]
[ End of the Lightning Round segment ]
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