You Ask, Cramer Answers
Jim Cramer answers questions on Bank of America, a recent IPO and more.
On
Monday and over the weekend, Jim Cramer responded to a new batch of questions posed by members of the Stockpickr community.
Anybody can ask, respond or comment at Stockpickr Answers; the top responders get ranked in our "Top Analysts" section.
Here are a few of the questions Cramer recently answered:
- Quick question on Research In Motion (RIMM) :
Any concerns about the sequential rise in Blackberries activated vs. shipped over the last few quarters? - You may be perfectly right about Bank of America (BAC) - Get Report in the long run (six to nine months), but I think losses related to its two most recent acquisitions, MBNA and LaSalle, will hit BofA's earnings for the next two quarters, making the stock a big short for the short term, but a great buy for the long term. What's your opinion?
- Your recent segments on "Mad Money" in which you feature IPOs that have been overlooked by the market have made me really look into the IPO arena. I found one stock, Concho Resources (CXO) - Get Report, that I believe is a cheap oil/resource play. Is this stock the next Exxon (XOM) - Get Reportor is it just another loser?
- I thought that Robert Rubin was quoted last week in The Wall Street Journal as saying that Citigroup (C) - Get Report CEO Chuck Prince was "here to stay"-- and for a long time still. Your view that Prince is leaving this week is interesting in the light of the comments made by Rubin (whom I would have thought is influential on Citi's board). Thoughts?
- What are your thoughts on Western Goldfields (TSE:WGI)?
I was trying to chose between Barrick Gold (ABX) , Goldcorp (GG) and Yamana Gold (AUY) - Get Report , and feel this one has the most upside risk/reward but is more speculative than the others.
For an archive of Jim Cramer's Stockpickr answers, go to www.stockpickr.com/answers/ and type "Jim Cramer" under "search for questions." Select "Username - Answered" from the dropdown menu at right, and click "search." The most recent questions will appear first.
(Editor's note: Cramer owns Citigroup for his Action Alerts PLUS charitable trust.)
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