Jim Cramer's Stop Trading! 11/26/07: Genlyte a Dutch Treat

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Includes: GRMN, LYTS, OLN, PHG, ROK
by: Miriam Metzinger

Recap of Jim Cramer’s comments on Stop Trading! Monday November 26. Click on a stock ticker for more analysis:

Philips Electronics (NYSE:PHG), Genlyte (GLY), LSI Industries (NASDAQ:LYTS), Rockwell Automation (NYSE:ROK), Garmin (NASDAQ:GRMN), Olin (NYSE:OLN)

Cramer discussed the recent trend of foreign companies buying U.S firms. "We have to stop being so parochial," he said, "If the Chinese want in, fine." He pointed to Toyota and Honda as examples of foreign companies that have created more jobs in the U.S.; "Better here than there," Cramer remarked. Dutch company Philips Electronics took advantage of a strong euro to buy Genlyte at a 52% premium on Friday, which would have been too steep a price for an American firm to offer. Cramer predicts LSI Industries is another potential takeover candidate which just reported a great quarter. Another target could be ROK a "behind-the-scenes" real estate firm that seems "boring" but has produced "un-boring" results. Cramer also suggests looking at potential purchases for Nestle and BASF, and thinks Olin would be "a natural fit for BASF." Finally, Cramer urged investors to avoid Garmin which is resembling a commodity, "I'd sell the stock… too many people nipping."

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