Cramer's 'Mad Money' Recap: Finishing Strong

Stock quotes in this article: JEC , WFR , AAPL , GME , MON , AGU , LXU  

But Cramer has inducted Gary Dunton of MBIA (MBI Quote) as a new chief on the Wall of Shame -- a place reserved only for the men and women who destroy a company's value by having their name at the top of the masthead.

"He is a man I believe you will hear quite a bit about in the coming weeks as his company fights for its life," Cramer said. "If the board sacrificed Dunton, the company would stand a better chance at surviving."

Agrium's Green Thumb

The demand for agriculture products is huge, and many companies are benefitting, Cramer told viewers. One such company is Agrium (AGU Quote), a long-term Cramer favorite.

Not only is Agrium priced well below where it should be, but it looks like it's poised to profit from its acquisition of UAP Holding (UAPH Quote), he said.

In fact, the deal reminds Cramer of when Freeport-McMoRan(FCX Quote) bought Phelps Dodge. Back in March, Freeport issued stock to pay for Phelps Dodge. Freeport's offering broke through the "print" price -- the price of the deal -- which shook out a lot of short-term investors and took down the share price, he explained. However, since then FCX is up 65%.

Agrium did the same thing to acquire UAP, and its stock went down as well, Cramer said. Even though the stock has recovered a bit, "this looks like the FCX story all over again, so being up seven doesn't mean anything."

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,465.08 1,105.10 2,187.24 35.40
Oil *
71.85
UP
59.25
UP
2.75
DOWN
3.62
UP
0.58
10 Yr
3.54%
SPDR Gold
109.52
+0.57%
+0.25%
-0.17%
+1.67%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services