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Cramer's 'Mad Money' Recap: Bulk Up on Dry Bulk Shippers

10/17/07 - 08:15 PM EDT

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


Investors will profit if they devote attention to the dry subject of dry shipping, Jim Cramer told viewers of his "Mad Money" TV show Wednesday.

Nobody talks about dry bulk shipping stocks because they're boring. "I can't throw pies or wear funny clothes when I talk about dry bulk shipping," Cramer said. The money to be made on these stocks, however, is very exciting; they provide "huge and reliable dividends," he said.

Dry bulk shipping stocks have risen enormously since July, when Cramer recommended them. "This industry is one of the great bull markets in the world right now," he said.

Cramer took a break from his discussion of dry bulk shippers to note that eBay EBAY reported earnings. "Do not sell," Cramer strongly urged viewers. Pointing to the success of Paypal, large share volume and loads of cash, he concluded eBay is going to $50.

Cramer finished discussion of dry cargo shippers by selecting two of his favorites. Of the conservative variety of dry shippers, Cramer selected Paragon PRGN over OceanFreight OCNF, seeing bigger upside with Paragon.

Of the riskier shippers, Cramer selected Diana DSX over Genco Shipping & Trading GNK. Diana is up 17% since July and offers a 6% yield, giving it an edge over Genco.

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At the time of publication, Cramer was long Caterpillar, ConocoPhillips, McDonald's and Raytheon.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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