Jim Cramer's Stop Trading! 2/7/08: Prudential's Prudence

Recap of Jim Cramer’s comments on Stop Trading! Thursday February 7. Click on a stock ticker for more analysis:

Prudential (PRU), Metlife (MET), AIG (AIG)

Cramer is puzzled that many gave up on PRU after only one quarter. He adds, "PRU is a conservative company. This was a miss, but this is a company that was selling at a very cheap ratio to book... It is not so small that it couldn't get a bid." He added that PRU may well be a buy at this level. While MET is a "bit dicier" because of its exposure to real estate, Cramer adds it is also a great company. On AIG's decline, Cramer said its "huge bit of disclosure" might not have been sufficient. "The problem is that there's so much stuff in there." Cramer hopes and intrameeting cut will help the market, "Goldman, every time they open their mouths, it's 'Intrameeting cut.'"

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Comments

[Victhom:]

Hi Jim you should tell US investors to buy Canadian Banks like RBC (RY) They keep buying back shares vs US Banks who are Dilluting sharesholders with more financing and CDO and SIV and more crap....look at Citigroup with over $900B debt on balance sheet??? vs $30B with $300B cash for RY???
Manulife Financial and Royal Bank buyback shares – Insiders
Posted: February 08, 2008, 10:00 AM by Jonathan Ratner
Market Call, SEDI
Astral Media, Manulife Financial, Royal Bank, Stantec and TransCanada are included in this report.


Insider transactions filed on Feb. 7, 2008
Source: SEDI

Astral Media Inc. bought back 286,100 shares between Jan. 16 and Jan. 31, 2008, bringing its holdings to 5,451,039 shares.

Manulife Financial Corp. bought back and cancelled 2,896,300 shares between Jan. 4 and Jan. 31, 2008.

Royal Bank of Canada bought back and cancelled 11,020,000 shares between Jan. 3 and Jan. 16, 2008.

www.rbc.ca

2008 Feb 08 12:56 PM