Cramer's 'Mad Money' Recap: Routing the Short-Sellers
04/01/08 - 07:59 PM EDT
"Nabors will make a killing once these rigs are contracted out," he said.
Cramer also likes Nabors for its valuation, noting that the company trades at just 9.1 times its earnings, which makes it the cheapest in the group. Given a more suitable valuation, Cramer said Nabors could see $48 a share. According to Cramer, Nabors is good enough to unseat Transocean (RIG Quote - Cramer on RIG - Stock Picks) as his favorite oil and gas driller.A Healthy Outlook
Cramer welcomed David Snow, Chairman and CEO of Medco Health Solutions (MHS Quote - Cramer on MHS - Stock Picks) for an update on the company's outlook. The stock is down 11% since Cramer's last recommendation in September. Snow said that his company is coming off of a phenomenal sales year. He said the company sold over $5 billion of new business and sees over $90 billion of branded drugs going off patent in the coming years. The company also raised its guidance by 5% on last conference call. When asked about recent changes to Medicare's Part B program, Snow responded by saying that Medco will not be adversely affected by the changes. He also noted the company's stock buyback program has $2 billion of shares left to buy and the company is actively buying shares at these low levels. Cramer called Snow a winner and said recent downgrades of Medco Health were just uncalled for.Sudden Death
Cramer was bullish on Tidewater (TDW Quote - Cramer on TDW - Stock Picks) and Frontline (FRO Quote - Cramer on FRO - Stock Picks). He was bearish on SCP Pool (POOL Quote - Cramer on POOL - Stock Picks) and Dryships (DRYS Quote - Cramer on DRYS - Stock Picks).
Lightning Round
In the Lightning Round, Cramer was bullish on Pepsico (PEP Quote - Cramer on PEP - Stock Picks), Coca-Cola (KO Quote - Cramer on KO - Stock Picks), General Mills (GIS Quote - Cramer on GIS - Stock Picks), Kellogg (K Quote - Cramer on K - Stock Picks), HJ Heinz (HNZ Quote - Cramer on HNZ - Stock Picks), Consolidated Edison (ED Quote - Cramer on ED - Stock Picks), Verizon (VZ Quote - Cramer on VZ - Stock Picks), Gushan Energy (GU Quote - Cramer on GU - Stock Picks), Intuitive Surgical (ISRG Quote - Cramer on ISRG - Stock Picks), AstraZeneca (AZN Quote - Cramer on AZN - Stock Picks), Hudson City Bancorp (HCBK Quote - Cramer on HCBK - Stock Picks), JPMorgan Chase (JPM Quote - Cramer on JPM - Stock Picks), Goldman Sachs (GS Quote - Cramer on GS - Stock Picks), Sirius Satellite Radio (SIRI Quote - Cramer on SIRI - Stock Picks), CSX Corp (CSX Quote - Cramer on CSX - Stock Picks) and Triple-S Management (GTS Quote - Cramer on GTS - Stock Picks). Cramer was bearish on Cal-Maine Foods (CALM Quote - Cramer on CALM - Stock Picks), Time Warner (TWX Quote - Cramer on TWX - Stock Picks), Harley Davidson (HOG Quote - Cramer on HOG - Stock Picks), Zimmer Holdings (ZMH Quote - Cramer on ZMH - Stock Picks), Stryker (SYK Quote - Cramer on SYK - Stock Picks), Rite Aid (RAD Quote - Cramer on RAD - Stock Picks), Capital One Financial (COF Quote - Cramer on COF - Stock Picks), Onyx Pharmaceuticals (ONXX Quote - Cramer on ONXX - Stock Picks), YRC Worldwide (YRCW Quote - Cramer on YRCW - Stock Picks), Ford Motor (F Quote - Cramer on F - Stock Picks) and Genesis Lease (GLS Quote - Cramer on GLS - Stock Picks). Want more Cramer? Check out Jim's rules and commandments for investing by clicking here. For more of Cramer's insights during the Lightning Round, click here.Featured Photo Galleries
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