Last night on MAD MONEY Cramer gave a stock to avoid as a scary stock on Halloween. He said that beverage maker Hansen Natural Corp. (NASDAQ:HANS) is that scary stock. He said that even after the sell-off, it is up 150% and it has nothing proprietary about it.
For a backgrounder with Cramer on HANS: On September 13, 2006 Cramer gave the same call saying its trajectory made it a broken stock. It closed at $29.76 back then, but a dueling analyst call with a big upgrade the next morning caused HANS to rise 10% immediately. Today, HANS shares closed up 1.3% at $31.75.
HANS will report earnings next week, but Cramer thinks you need to get out before the report. He reminded about the 20+% drop after last earnings. He also said that Budweiser took over its distribution. Cramer said that the medical profession may even turn on these companies because kids are using their products to get high.
Cramer also went over his Best of Breed picks in Brazil. Cramer says it is nirvana down there with high growth and decent inflation. A socialist who is becoming a great quiet capitalist was recently elected there. He said that the situation in Brazil merits that investors need to be there.
CVRD-Companhia Vale do Rio Doce (NYSE:RIO) just bought Inco, and this is a great company for Cramer. He said the stock was beaten up for the acquisition of Inco, but he thinks the it is highly accretive and it should have been bought instead of sold off. Cramer also likes the cost containment they are doing, and he thinks the estimates are too low for 2007.
He said BHP Billiton Ltd (NYSE:BHP) & Rio Tintoplc (NYSE:RTP) are the stocks that are popular now with money managers, but he thinks money managers will turn this into a core holding soon. He isn't calling it a double, and investors need to know that it already has a $61.8 Billion market cap. He thinks there may be 1 or 2 months before the Street switches its stance.
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Reader Comments (Page 1 of 1)
12-03-2006 @ 12:19PM
knows better said...
Good, as long as i know the biggest wrongest hypster in the world is cold on HAN Hansen, I also now know HANS is a great buy right now.
Up already, several dollars since its October low, HANS is set up to fill the gap to $40 and already starting to do so. Cramer is a fool, who works stock that are oversold, to get people to buy them, and bashes oversold stocks when it is time to buy them.
I buy when Cramer says sell.
HANS is a no brainer, with massive earnings growth once again verified and confirmed.
The stock options questions will not affect earnings more than a percent or two, not even more than a penny per share.
I repeat, when Cramer says sell, I buy. When he says buy, I sell. It works religiously.
Take a look at Caterpillar. Hes been bashing that one for months, after pumping it, for months. Then look at Flour....he said strong buy at its peak.
The hypster who works for wall street, and pretends not to....he should be against the law, the way he pumps and dumps at tops, then bashes at bottoms. Another example is his bashing at the bottom for Krispy Kreme. He is ridiculously off time, and its been proven time after time, and he still is allowed on tv. Whats that tell you, lol.
I do the opposite of what he says, and win every time.
11-28-2006 @ 1:40PM
Gary Gruen said...
Ditto on the above Cramer comments.
I well remember Cramer touting virtually every worthless bubble stock before the crash.Unfortunately, Cramer's tv audience, the "herd mentality" personified, hangs on this tout par excellence's every word. Cramer touted the heck out of CHK@ $37, which went nowhere but down. He loved BYD, couldn't praise it enough.2 weeks later the stock was down 7 points, and up pops Cramer saying Harrah's is now his favorite gaming stock, with not a mention of the BYD collapse.
Cramer is the classic pump and dump scammer.
To you sheep out there who have caught a Cramer winner or 2, I say, "Even a broken clock is right
twice a day" ..Do your own research, let Cramer hang himself with the SEC, which he ultimately will...