Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday March 8. Click on a stock ticker for more analysis:
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"Where others see catastrophe, I see opportunity," Cramer said concerning the subprime lending crisis, and suggested playing difficulties with working class loans by investing in"pawnbrokers and loan sharks." Cramer calls CSH the "largest player in pawn lending," and comments the slightly risky and morally dubious AEA is "cheap, cheap, cheap." While others are spending their time and resources shorting NEW and NFI, Cramer prefers being bullish on CSH and AEA.
Related: Rob Black reports AEA and CSH are adopting self-imposed regulations.
Rubble Stock: Chemed (NYSE:CHE)
Thursday's so-called "rubble stock" which Cramer thinks did not deserve the beating it took during the selloff was Chemed, a company which has a thriving Vitas hospice operation and Roto-Rooter plumbing business. Cramer likes CHE because it "blew away its numbers" right before the selloff, and although it has recovered somewhat, CHE is still low enough to buy. CHE jumped $7 in one day, and shed $2 during The Fall, and although the drop was not significant, Cramer still believes CHE is "immunized" against downside and he would buy it before "it gets its mojo back."
Related: Zacks Equity Research calls CHE a "major player" in hospice and plumbing.
Sell Block: Fortress (NYSE:FIG), Goldman Sachs (NYSE:GS), Melco PBL Entertainment (NASDAQ:MPEL), IPG Photonics (NASDAQ:IPGP), Wynn (NASDAQ:WYNN), Las Vegas Sands (NYSE:LVS), Artes Medical (ARTE), Switch & Data Facilities (SDXC), Aero Vironment (NASDAQ:AVAV), Opnext (NASDAQ:OPXT)
Cramer dedicated Thursday's Sell Block to tracking the success and failure of recent IPOs. He suggested selling FIG and buying GS instead. He would also sell MPEL and IPGP "on any strength," and admitted that Meclo was an "unmitigated disaster," and apologized for backing it, saying he "extrapolated" his bullishness from the success of WYNN and LVS in Macau. Cramer was glad he didn't recommend ARTE, because the company is not thriving, but would buy SDXC which is cheaper than its rivals and will have a "positive news flow in the near term." He also likes AVAV as a defense play and would pick up OPXT, but only when it dips.
CFO Interview: Rick Lindner, AT&T (NYSE:T)
Cramer asked CFO Rick Lindner how the company was able to put cash into AT & T Wireless, continue to develop and build its network and raise its dividend simultaneously. Lindner replied, "First of all, we've done three large acquisitions in the past three years," which have resulted in "tremendous opportunities for merger synergies. And those synergies are driving double-digit growth." He also commented on new products and growth in wireless and data. Although Cramer usually discourages a "buy and hold" strategy, he said investors "can buy AT&T and put it away," because it is well-run and has a solid yield.
Related: AT & T will use Qualcomm's MediaFlo TV technology to broadcast programs on cell phones.
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