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It's time to buy Halliburton (HAL Quote) in spite of Tuesday's warning-related selloff, Jim Cramer said on CNBC's Stop Trading! segment.
Cramer said he would buy Halliburton because it's about to start a $3 billion buyback next week and because the company is so cheap and so loaded with cash that it should go private. He added that the company's decision this month to move CEO Dave Lesar to Dubai shows the company understands that it is "way too levered to North America," which Cramer said it a losing proposition in the oil drilling business.
"I would buy into the buyback," Cramer said with the stock off 8% at $30. "I see no reason for this stock to be public." ...
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