AllTel Tellall - Cramer's Mad Money (6/5/08)

Includes: BUCY, NUE, VOD, VZ, WGOV
by: Miriam Metzinger

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Thursday June 5.

Verizon (NYSE:VZ), Vodafone (NASDAQ:VOD), Windstream (NASDAQ:WIN)

On Verizon and Vodafone’s joint venture to buy Alltel, The Street is wondering what will be the next big thing in wireless. While everyone else is looking for a potential takeover target, Cramer would look instead of an acquirer. As a condition for approving the deal, the government will require Verizon Wireless to sell off some of its overlapping regional assets and WIN is in a position to buy. WIN is now a rural wireline provider which is considered a low-growth, high yield company. However, with a few new businesses, the company’s stock price will rise. Cramer likes the company’s dividend of 7.6% which will pay investors to wait for new deals to happen.

CEO Interview: Timothy Sullivan, Bucyrus (NASDAQ:BUCY)

As part of the “new tech” sector Cramer has been touting, BUCY definitely proves it is cutting edge, as Timothy Sullivan describes how “multimillion dollar, high-tech excavators” in the Andes Mountains can be controlled remotely by a laptop. This kind of technology makes mining cheaper and Sullivan adds no company “is going really to be able to catch up to where we’re at today, technologically.” Rising raw costs will not hurt the company, since these can be passed on to the consumers. Last year 65% of the company’s business was from overseas, and Sullivan expects the figure to reach 70% this year. Cramer is bullish and expects the company to go from being a $5 billion company to a $10 billion company.

Sell Block: Nucor (NYSE:NUE)

Cramer says many investors missed a great opportunity to get into NUE because of timidity when the stock dropped after its secondary offering. Those who were skeptical about this steel stock failed to benefit from a 12% bounce following its better-than-expected earnings. Although the stock may go higher, investors missed a big jump. The moral of the story: When a solid company with great fundamentals declines after a secondary offering, buy, buy, buy.

Mad Mail: Woodward Governor (NASDAQ:WGOV) Cramer says he remains bullish on WGOV, particularly for its wind turbine business.

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