Jim Cramer's Mad Money In-Depth, 3/31/08: Schering...D'OH!

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Monday March 31. Click on a stock ticker for more analysis.

Schering-Plough (SGP)

Cramer apologized for his bullish recommendation of SGP just prior to its 26% nosedive on Monday following an American College of Cardiology conference that gave harsh criticism of SGP’s cholesterol drug Vytorin. However, the CEO Fred Hassan said the verdict on the drug was wholly unfair, since there was no “open scientific discourse” about Vytorin and the question and answer section was omitted. “We stand by our science. We stand by our product,” said Hassan, reminding viewers that SGP has more than one drug. Cramer says the stock is “ridiculously cheap,” has been unfairly knocked down, but would do research before buying.

Credicorp (BAP)

There are no signs that domestic economic woes are abating, and Cramer says 20% of all portfolios should consist of international stocks. On Monday, he ventured to Peru, with a GDP of 5.6% and an inflation rate of only 2.3%, to recommend BAP, a banking and insurance company. Peru’s economy is booming thanks to rising mineral prices and there is no credit crisis. Cramer likes BAP because it trades at 11.4 times 2008 earnings, has superb management and growth.

Atlas Energy (ATN)

Atlas Energy is so “criminally undervalued” that its price is a steal. The company has 6 trillion cubic feet of domestic natural gas reserves which could mean a $19 upside that hasn’t yet been figured in to the ATN’s stock price. In addition, Atlas manages an additional 900 billion cubic feet for other companies, and has identified 4-6 trillion more feet in Appalachia. Cramer would buy ATN now and cash in on the 7.5% dividend “while you are waiting” for The Street to catch on.

Enterprise Partners (EPD), Nustar (NS)

Cramer corrected a viewer on a previous recommendation and said he preferred EPD to NS. Another viewer encouraged Cramer to continue his call for the return of the uptick rule, and he responded, “This is a very difficult issue. I am going to try to stay on it because I think it’s important. But you have to understand: I have a bull’s eye on every aspect of my body from everybody that I attack. And it is relentless for me and my family.” Cramer told another viewer that Donald Trump is a winner and doesn’t deserve to be on his Wall of Shame.

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Comments

[Jack T]

Personally, i find Cramer spending too much time defending his stance on stocks that failed his homework. Getting to be a regular on Mad Money, same old apologies which don't put a dime in investor's bank accounts. So Cramer, where does the hype end?

[NormanLepoff, M.D.]

Good comment, Jack T. I agree with you.