Jim Cramer's Stop Trading, 11/30/07: Subprime Survivors

Recap of Jim Cramer’s comments on Stop Trading! Friday November 30. Click on a stock ticker for more analysis:

Anworth (ANH), Analy (NLY) and E*Trade (ETFC): Cramer commented on companies taking some of the edge off of subprime, including Anworth's stock offering which made $60 million, and NLY's similar offering. Of the two, Cramer prefers NLY. Cramer applauded Citadel's $2.5 billion investment in E*Trade, which was punished for its exposure to mortgages.

J. Crew (JCG): CEO Mickey Drexler deserved praise for JCG's strong earnings amid bearishness in retail, said Cramer; "He's not a financial guy. ... He actually has an eye for merchandise.'

Cramer noted mortgage insurers are bearing the brunt of the sub-prime punishment; Every time there's a foreclosure, the servicing guys are going after the guys that are insured. ... They've been cherry-picking." He calls the Treasury's strategy of preventing mortgages from resetting "a bailout…but that's okay." Cramer is pleased that the Treasury and the Fed are engaged in the issue, and said the problem is only regional, concentrated mainly in California and Florida. However, he added, "the second-lein is awful ... a home-equity line of credit is just toxic."

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