Sneak Preview: Mining Potential for Transformation
12/19/07 - 03:01 PM EST
Editor's note: This is a special sneak preview of Jim Cramer's just-released book, Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer). Look for more sneak previews every day, and get your free copy with your annual subscription to Action Alerts PLUS; click here for details. Catch Cramer in person at his last book signing event: Saturday, Jan. 12, at 1 p.m. in Westbury, Long Island's Costco.
Missed the first sneak previews? Read the book intro and the rules of getting and staying rich: Rule 1, Rule 2, Rule 3, Rule 4 and Rule 5. Know what pros do right and amateurs do wrong: Part 1, Part 2, Part 3, Part 4 and Part 5. Learn the five mini-bull markets that will stampede for years, starting with aerospace and defense, agriculture, oil and oil service, minerals and mining and infrastructure.Minerals and Mining
For years, the minerals and mining group of stocks was perhaps the worst group of stocks to own. They were never "investable" because they frequently needed financing; they were poorly run; and any time the U.S. economy sneezed, this group got pneumonia. I can't tell you how much money I lost at one time or another on Amax, Asarco, and Phelps Dodge(PD Quote - Cramer on PD - Stock Picks), to name some terrible stocks of yesteryear. These were serial cutters and omitters of dividends that would then catch a few years of warmth and institute new dividends and buybacks, only to suspend them again the moment the U.S. economy slipped into neutral.Sponsored by:



