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"B" is for "Buy": CR Bard (BCR)
Cramer unveiled his "ultimate defensive 'Three Bs' portfolio" which are all medical and are "richly valued" but are affordable. In spite of its 25% rise since Cramer's recommendation in September of 2005, BCR has room to run, and Cramer notes 80% of its sales are from markets where it has either the largest or the second largest market share. Although the Democrats are trying to make anti-competitive mergers more difficult, a company that is interested in buying BCR may have a "gun to its head" right now and make a quick offer. With half a billion dollars in cash, BCR could well make its own acquisitions, says Cramer, and will do well in a slump because it makes life-saving equipment.
Backing Becton Dickinson (BDX)
Cramer calls this needle-producer "safe" and feels its two recent acquisitions were "smart" moves. BDX has developed a fast and effective test to diagnose drug-resistant staph infections. Although it has risen 31% since last July, Cramer sees a large potential gain for the stock which should be protected from the Democrat's wrath. BDX is a buy because it reported a good quarter and gave solid guidance, Cramer thinks stocks like BCR and BDX are the place to be until Fed chairman Ben Bernanke "grows a heart."
Cramer hails BAX as best-of-breed, but would wait for it to dip a bit before buying. He likes the company because it has a diverse range of products and is less speculative than BSX, which reported a bad quarter. While some would prefer BSX because it is cheaper, Cramer thinks the stock is cheaper for good reason.
Cramer said he liked NYX because it is leveraged to Europe; "I am sticking with it, and I think it is going to be a great, great stock for the next few years." He praised a viewer who took profits in CMI and said the reason COL did not take part in the defense rally because its quarter was not good; Cramer prefers GD or NOC.
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