Czech Mate - Cramer's Mad Money (04.11.08)

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program,Friday April 11. Click on a stock ticker for more analysis.

Central European Media Enterprises (CETV)

Cramer cited Friday's 257 point decline as yet another reason to look to the former Soviet Bloc for great investment ideas. He discussed CETV which has 43% market share in Slovakia, 40% in Romania and has a substantial number of viewers in the Ukraine. As the economies of these countries continue to develop, CETV should see more growth, and its 31% growth rate makes it a cheap stock which sells at 16.8% expected earnings. The company has an internet division, which is likely to be profitable in the near future.

Canadian Natural Resources (CNQ)

CNQ was Friday's catch-up stock, but it has good reason to lag behind its peers. It is slowed for the moment while it concentrates on developing the horizon shale project which will mean the production of 110,000 barrels a day. CNQ's land holdings represent 3.6 trillion cubic feet of unrisked reserve potential. The company trades at 13.1x next year's earnings, a significant discount to its peers.

Mad Mail: Carnival Corp (CCL), Wal-Mart (WMT), Washington Mutual (WM)

Cramer warned one viewer not to expect a 50% gain in CCL, since he recommended it as a short-term trade. Cramer told another viewer credit problems are not going to plague WMT, which he predicts will reach $60.

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Comments

[cranky oldinvestor]

cramer feels that wmt can reach 60; but can it hold a 60 price without once again running to chase growth. the problem at walmart is that once they've convinced everyone that they were right in curtailing spending, they'll go ahead and restart their overexpansion programs