OJO Zafado

Nixing Onyx - Cramer's Lightning Round (6/11/08)

Watch for another chance to get the AES PfC below $47.50. In the mean time own the common. They are all over the world. They just got spanked in Kazakstan or some other Stan on a power plant appropriation. See if the turds can keep it running? AES and BG Group the British energy conglomerate are in LNG power plants and projects all over the place. AES will rock. Add some of that preferred on price weakness to get some income stream in line with the common appreciation potential. The "C" is well past it's call date, so a purchase below the $50 par price means a good dividend with a great opportunity for capital gain.