So who would be a buyer of Mine Safety? Cramer said both Honeywell and
have long histories of making profitable acquisitions in this space, and either could be an acquirer. Mine Safety also sports a respectable 2.7% dividend yield.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer sounded off on the recent downgrade of
(AAPL - Get Report)
, an Action Alerts PLUS holding, from buy to neutral at
Cramer reminded viewers Citi anaylsts issued a buy rating on Apple on Nov 28 at $571 a share, only to reiterate that buy rating just days later. Since then, shares of Apple have slumped to $509 a share, where Citi, just 18 days after its initial recommendation, advised selling the stock. Since advising a sale, shares of Apple are now up to $534.
Cramer said Citi is acting more like traders than analysts and investors need to beware of "research" of this nature. He advised doing your own homework and not blindly following analysts who were clearly panicking that their trade went awry. If you like a stock at $571 a share, he quipped, you should like it a lot more at $509 since it's a lot cheaper.
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-- Written by Scott Rutt in Washington, D.C.
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