Editor's Note: This was originally published as an Action Alerts PLUS at 10:40 a.m. EST on Dec. 30 to subscribers of Action Alerts PLUS. It is being reprinted as a sample for TheStreet.com readers.
Dear Action Alerts PLUS Subscriber, After moving in a narrow trading range for the past six weeks, shares of Symbol Technologies (SBL:NYSE) are up more than 7% this morning, to $17.05. The company said last night that it amended the terms of its $250 million credit facility, and no longer will look to push through a stock offering to fund its July acquisition of RFID company Matrics. Symbol management said that it had paid down $50 million of the previous credit line and expects the company to continue generating solid cash flow into 2005. I believe the Matrics purchase fits well into the company's growth strategy, and earnings should grow about 60% in 2005 to 60 cents to 65 cents a share. I own the stock 20% lower. But if you readers didn't purchase Symbol alongside me around $14, I believe any near- term pullback would create an attractive buying opportunity. Regards, James J. Cramer P.S. One of the keys to successful investing is a smart portfolio strategy. So, you might want to consider a FREE TRIAL to TheStreet.com Action Alerts PLUS, where I trade my own $3 million portfolio and advise you on my every move before I act.