Cramer's Take on George Soros' Stocks

Part of the philosophy of Stockpickr is to follow in the footsteps of smart people. Sometimes that means buying what a great investor like George Soros is buying.

We often look at opportunities that involve buybacks or shareholder activism among many other setups. But sometimes, especially when it involves someone like George Soros, we wonder whether we should just jump right in.

Clearly, Soros did his homework and is a long-term holder in most situations. However, our own Jim Cramer would implore you to do your own homework and not blindly follow someone into a stock, even one of the greatest investor of all time.

James Altucher has written about Soros before and recently highlighted the Highest-Yielding George Soros Stocks.

And now we have set up the portfolio of Cramer's Take on George Soros. Basically, this list offers Cramer's stance on a few of Soros' holdings. We gleaned Cramer's opinions from comments made on his "Mad Money" TV show and in his "Wall Street Confidential" interviews on TheStreet.com TV.

Companhia Vale do Rio Doce

First up is Companhia Vale do Rio Doce(RIO Quote). The Brazilian mining giant stands as Soros' largest position, at 16.15% of the portfolio. The company has been paying dividends at least twice a year since 2002, and it pays a yield of 1.47%. The stock carries a P/E of 15.5, with a fairly high price-to-earnings/growth ratio of 17.8.

Cramer's Take: In a recent lighting round, Cramer was bullish on Companhia Vale do Rio Doce. "It is still, along with Freeport(FCX Quote)," which Cramer owns for his Action Alerts PLUS charitable trust, "and BHP(BHP Quote), among the cheapest mineral stocks. ... I'm not going to sell it yet. It's just too darn cheap, too well-run.

To watch Alix Steel's video take of this column, click here.