Jim Cramer's Stop Trading! 4/7/08: Steve Ballmer's Exploding Offer

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

Cleveland Cliffs (CLF) and Alcoa (AA): Cramer commented AA is his least favorite mineral stock; “If you like AA, go buy CLF.”

Starwood Hotels (HOT), Wyndham Worldwide (WYN), International Gaming Technology (IGT): Starwood is planning to add new hotels to its Sheraton brand, and Cramer recommended WYN instead because it is cheap. He doesn’t like the sector in general, and thinks the only place that needs more hotels is New York. Nevada hotels have “just been a disaster” and IGT has been down as well.

Washington Mutual (WM): On news Wamu will get $5 billion in financing, Cramer commented he needs to see the deal and the money first before he will believe it.

Yahoo (YHOO), Microsoft (MSFT): Cramer praised MSFT CEO Steve Ballmer for giving Yahoo an “exploding offer” which will decline the longer Yahoo delays. He dismisses rumors of a higher bid and says Ballmer is a serious guy and is perfectly aware that Yahoo, which has missed every quarter in the last two years, is a company in decline.

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Comments

[Amlycrash]

Great analysis of Steve Ballmer by Cramer. Keep the pressure on Yahoo.

[moonscope]

Richard j Pollak 4541 C.R.138A Alvin Texas 77511 [e-mail]

The Money is CEO Stock option Severance return and Citi is in the mix, Fed states 100 Billion Housing mess, relating to gas pump and 401Ks for all. Foreclosure notice 4/6/08 from payments without credit, Civil Rights Defender needed!
Just Cause Case was proved Pretrial by Lender Statement evidenced, admitting that Loan Originator Breached standard Bank One N.A. DEED Stipulation {Cover Page, Bold Print} Prepayment Clause of required Signature, defined in Statement by Lender as a Loan Originator “Principal Curtailment” meaning Coveted Prepayment, Stipulation states for Damage assessment Lender return Funds to ease Arbitration. Stipulation enforcement or lack of enforcement becomes Case Law relevant, all encompassing, exacting Check Payment Credit, US Supreme Court decision was and is sought, by Jury or Judgment assessment.

Loan Originator Bank One N.A. Action was reverse payment, suspended payment then “Curtail” Payment to pay Principal only {reducing 180 Month Term commitment} without informing. Then transferred Loan to Homeside Lending now Washington Mutual, Homeside Lending Loan Manager remained Managing Loan for Washington Mutual.
Lender Statement, admitted Pretrial that in effort to reverse “Principal Curtailment” wanting to balance new account received, Loan Manager Errantly reduced Escrow {I call it} “Escrow Curtailment.” further damaging Loans Escrow.
Real-time Loan Statements Evidenced support contention that both “Curtailments” related to November 2001 because December 2001 was never Credited {skipped} supported by False IRS 1098 Tax Form, claiming Taxable funds received, after Transfer' in 2001.
Following “Principal Curtailment” Transfer and “Escrow Curtailment,” Escrow was used to Pay Property Taxes in 2001 creating Escrow Shortage.
Escrow Shortage was increased and Clouded by action of phantom Escrow Surplus return, received but disputed, requested Loan Payment History from Bank One was refused, Homeside Lending Coveted from {the First or Fifth of} November, Loan Payment History that began only on November 28th, time-frame omitting “Curtailments with intent, all Real-time Statement dispute December Payment Action, including Twice requested received Loan History early 2002. Bank One History and the “Curtailments” some 28 days, was first received on December 15, 2005 release of Bankruptcy Stay day.
Loan Managers “Common Practice” Testimony ignores DEED Cover Page, Bold Print and Escrow Management Duty.

Trial concluded 100 days later Judgment received US Mail just days before Appeal time-frame expired, $1,000.00 for ignoring RESPA request Award, without actual Loan Damages was Appealed on the12th day following Judges Signature.
Judge allowed Ten Days to Appeal despite Bankruptcy Rule {RULE 2005 = Presidents Five additional Days allowance} the Ten Day restriction was Unpublished with Clerk of Court, documentation of delaying Judgments Posting.
New Appellate Attorney was needed because of multiple failure to attend Hearings by Trial Attorney, Judge refused {“Excusable Neglect”} Appeal, Second Appeal waited for ENRON Trial conclusion, Docketed for ENRON Judges first Case following ENRON.
A ppeal was denied, then Fifth Circuit also denied, Printer never received US Supreme Court Cert. Petition, Merit was DEED Stipulation Paragraph Edit on Judgment not folly of Excusable Neglect that Appellate Attorney Appealed.
Day Rate damages was Substance of Lawsuit, $1,000.00 Award was Appeal, Attorney received expense Judgment, December 2007 Washington Mutual returned $7,515.98 Loan Payment Muting Judgment with Fault Admittance, skirting Commitment Damages keeping Curtailments, threatening with Foreclosure notice 2008 but My demanded Proof of Payments impossible, new Washington Mutual Foreclosure Attorney dropping client Washington Mutual.

Sued Washington Mutual Core Adversary under Seal Judge changed defendant to Homeside Lending allowing Washington Mutual Attorney to call Homeside Lending to Testify, reversed for Judgement Award Payment, but Board Certified Attorney Certified Mail RESPA request {ignored by Washington Mutual} became inadmissible. My lay person RESPA request was being ignored, BBB forwarded and was also ignored, RESPA request received the only damage Judgment, {thanks to the BBB support} substance matters related in RESPA request that Judge took under advisement pertaining, was absent from Judgment and ignored to date.