Jim Cramer's Mad Money In-Depth Stock Picks, 6/13/07

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday June 13. Click on a stock ticker for more analysis:

Cramer's Little Red Book: Cnooc Ltd. ADS (CEO), China Mobile Ltd. (CHL), Seaspan Corp. (SSW)

Cramer says he is being dragged "kicking and screaming" to devote a program to Chinese stocks, adding he doesn't like the overheated market and the Communist Chinese government. He considers CEO, CHL, and SSW as relatively stable stocks, but he would wait for a pullback before buying. CEO is the top offshore drilling company in China and 67% is owned by the government which means some "anti-competitive advantages," says Cramer. In addition the company has rights to 51% of all successful discoveries in offshore China, is expected to grow 30% by 2008-09, and is one of the few oil companies which is replacing reserves faster than it pumps them. CHL has 68% of all Chinese mobile subscriptions in China, and wireless is expected to double in five years. Even if China Telecom enters the wireless game, Cramer predicts it will buy CHL. Finally, SSW is the largest company in the ship leasing industry, and Cramer thinks its 6% yield could go higher.

Much ado about Baidu.com (BIDU), Focus Media (FMCN)

Cramer's first speculative Chinese play is FMCN which makes digital billboards and, "has momentum and consistently raises numbers." Cramer commented "Baidu is the only company in the world that is beating Google at it game." The stock has had a "huge run" but is still undervalued. Cramer would wait for both of these stocks to come down before buying.

Mad Mail: Sears Holdings (SHLD), Gamestop (GME), Petsmart (PETM), Yamana Gold (AUY)

Cramer said since the Fed is not going to ease rates, the only retail stocks he would consider would be SHLD, GME, and PETM. He told another caller AUY is the only non-speculative gold stock he would recommend on his show.

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