'Mad Money' Mailbag: No Reserve About El Paso
Editor's Note: The following are questions received from viewers of "Mad Money," seen every day at 6 p.m. EDT on CNBC.
What is your opinion of El Paso( EP)?-- Daniel from Wisconsin
James J. Cramer:
El Paso is a good little exploration and production play on natural gas. The company recently made an acquisition that added to its reserve base. Higher natural gas prices bode well for natural gas plays, and I believe El Paso is a good speculative bet on a move higher.
What do you think of Home Depot (HD) - Get Report now that litigation against the company for hazardous waste disposal in Los Angeles has been foiled?-- Janine from New Mexico
James J. Cramer:
While I don't condone the dumping of hazardous waste, I don't believe investors should make a buy or sell call based on just this piece of news. With that in mind, I believe that Home Depot is a buy, because the housing cycle remains strong and Home Depot is a
best-of-breed way to play demand for materials.
What do you think of Calamos (CLMS) ?-- Harvey from Alabama
James J. Cramer:
Calamos is a very solid asset management play. The company's benchmark growth fund has generated decent interest, and assets, of late due to its strong performance. I like the whole group of asset managers, but believe
T. Rowe Price
(TROW) - Get Report
and
Legg Mason
(LM) - Get Report
are more conservative holdings.
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