Jim Cramer's Mad Money Stock Recap Nov. 5th
NCR (NCR) and Eastman Kodak (EK) are two stocks with a great deal of potential upside and a cushion to the downside. NCR, is a leading manufacturer and designer of ATMs and scanners. Because of its recent anonymity, NCR is a great play on the rise of the middle class in the former U.S.S.R. and the Third World. Cramer says NCR has a huge buyback coming. NCR is sporting 17% growth in ATM sales, with Europe having only 500 ATMs per million people and even fewer in China. A sleeper stock that deserves more attention. Eastman Kodak might not seem like a good buy being a couple points above a 52-week low. Cramer has been betting against Kodak since he started his hedge fund, but he believes the company is about to turn around. After years of losses, its balance sheet is healthy now, sporting $6 of net cash per share. With $82 million in digital income, Kodak is ready to come back alive.CEO Wall of ShameCramer finally removed Citigroup (C) CEO Chuck Prince from his Wall of Shame. He replaced Prince with Kerry Killinger, CEO of Washington Mutual (WM). WaMu’s Kerry Killinger rocketed past Motorola (MOT) CEO Ed Zander and Alcatel Lucent's (ALU) Pat Russo to the top position. Cramer said Killinger has done such a poor job running Washington Mutual that the Fed will cut rates to bail the bank out. Compared to total loans, Washington Mutual’s allowance for losses is far too low.
Mad Mail
The first writer asked Cramer how he intends to play the environment during NBC Universal’s Green Week? Cramer said all week he will work on individual ideas about how to play green, focusing on companies that make power cheaper but are still profitable. The second mailer questioned Cramer’s Apache call in the mid-$70s. Cramer said that his earlier statement; that the company would not go through $80, turned out to be wrong. He said he wished he’d given the stock more leeway, but he made the wrong call. He apologized for his mistake. The third viewer mentioned that Diana Shipping (DSX)
CEO Simeon Palios, whom Cramer had interviewed on the show last week, may have had trouble articulating his company’s story in proper English. The viewer wondered if Cramer had made any follow-up on the call. Cramer felt Palios indicated that the bull story wasn’t there and that he was negative.
Mad Mail
The first writer asked Cramer how he intends to play the environment during NBC Universal’s Green Week? Cramer said all week he will work on individual ideas about how to play green, focusing on companies that make power cheaper but are still profitable. The second mailer questioned Cramer’s Apache call in the mid-$70s. Cramer said that his earlier statement; that the company would not go through $80, turned out to be wrong. He said he wished he’d given the stock more leeway, but he made the wrong call. He apologized for his mistake. The third viewer mentioned that Diana Shipping (DSX)
CEO Simeon Palios, whom Cramer had interviewed on the show last week, may have had trouble articulating his company’s story in proper English. The viewer wondered if Cramer had made any follow-up on the call. Cramer felt Palios indicated that the bull story wasn’t there and that he was negative.
Labels: ALU, C, EK, Jim Cramer, Mad MOney Recap, MOT, NCR, WM
posted by Stock Administrator @ 11:09 AM
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