Jim Cramer's Mad Money Lightning Round, 3/25/08: Fly Like Agnico Eagle

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday March 25. Click on a stock ticker for more analysis:

Bullish calls:

Apple (AAPL): "I am now really liking AAPL because of Mac sales…iPhone sales are going to be gigantic… I want you to wait for a 10-point pullback... or maybe just an 8-point..".
Agnico-Eagle Mines (AEM): "Next time it falls 10 points from its high, I want you to buy even more..AEM along with Yamana Gold…have great growth regardless of the price of gold, although I think gold is going to $1600..."
Yamana Gold (AUY)
Chevron (CVX): "CVX's too cheap.."
Goldman Sachs (GS), JPMorgan Chase (JPM)
ConcoPhillips (COP), BP (BP)

Bearish calls:

Hansen Natural (HANS): " No, no, no. That's a yesteryear stock... Sell, sell, sell... It had its move."
Lululemon Athletica (LULU): "I think that story's played out ….The stock is over-valued."
Titanium Metals (TIE): " I think TIE represents the weak sister - sell, sell, sell! - in that whole titanium group, which is also weak because the Russians are pumping out titanium."
Capital Source (CSE): "I think CSE is frankly another one of these mezzanine finance stocks….I don't want to touch them because they are too risky."
Washington Mutual (WM): "WM has a great deposit base, but they have the worst management in the industry

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Comments

[Socialismcannotcompete!]

Hmmm. If AEM and AUY both have great growth regardless of gold pricing...why is AUY down after reporting its quarter last night?? On surface level, they reported record revenues and earnings.

[getrealjim]

Bad call on CSE. What in their 10K\financials shows them to be a mezz debt lender? Facts baby facts! CSE is almost all first lien secured and diversified between real estate, health care and commercial lending. Real estate is their smallest allocation. Also, they have been letting loans run off and rapidly de-leveraging. Boat loans of cash.

[Tom PSU]

WM is going lower. Worst management in the industry is right. I wouldn't be surprised if they were interviewing the management team over at Bear Stearns to bring them on board for their fed buyout! The keen management team decided they would be king of the Jumbo Option Arm mortgage market. This poor choice was compounded by their choice a year ago to stop doing government FHA lending. Now what will happen to their clients that have income and credit and are actually paying their jumbo loan when they call up looking for one of those nice 6% fixed 30 year FHA super jumbo government backed $724,500 Refinances? We'll they can't help them they don't do government loans anymore. This mortgage super blunder will cause their current good credit option arm clients to run for the great fixed rates, available for a limited time only, Super Jumbo FHA 30 year fixed government backed Refinances somewhere other than WM. Oops I guess that just leaves the non-performing, stated income and overextended bad credit Jumbo Option Arm loans in their portfolio. Can you say déjà vu. Loved the hat the other night Go Lions.

[VirtualOptics]

A comparison of AEM price with the PHLX Gold and Silver Commodity index shows that AEM is fluctuating almost in lock-step with the price of god and silver. This might be partially due to AEM's location of Toronto, CA and their improving exchange rate rel to the American dollar and because they have so much gold remaining in the ground in proven assets that will be extracted in the next 15 years. In any case, the potential for gold to increase in demand given the world's propensity for using war to solve issues and the shift of wealth from the US to Dubai partnerships, convinces me that that AEM is a good long term place for my measly bucks.