Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday September 12. Click on a stock ticker for more analysis:
Cramer predicted that BMY would jump if its CEO Peter Dolan left; when his departure became official news on Tuesday the stock jumped 4% to $24.32 and Cramer thinks it will go to $26. Other CEOs who would improve their companies by leaving, according to Cramer, are Avon's (AVP) Andrea Jung, Marsh & McLennan's (MMC) Michael Cherkasky, Bausch & Lomb's (BOL) Ronald Zarrella and Home Depot's (HD) Bob Nardelli.
A Rise in Fall: Google (NASDAQ:GOOG)
Concerning Google Cramer says, "I was the first one to tell you when to buy it and the first one to tell you when to sell it," he said. Google is a buy again according to Cramer who gives the credit to RBC Capital's Jordan Rohan who points out that the stock is cheap because of the calendar and not seasonality. Up until the fall, the year's earnings are taken into account. "In September, something happens," Cramer said. "Those 2007 numbers smack you right in the face as money mangers turn the calendar over," and since Google is "the fastest-growing large-capitalization stock in the S&P 500," Cramer would put a 40 multiple on the stock but advises investors to keep an eye on GOOG since it should move by October.
At a time when most analysts are bearish on housing Cramer discusses the reasons why Warren Buffet is buying USG so aggressively; his company BRK.A already owns 17% of USG and might purchase up to 57%. Not only is USG in a sector which is not popular, but it owes billions to asbestos victims. "He's either loco" or he's seeing something we don't, Cramer said. Taking a closer look, Cramer observes that the asbestos victims have been paid, USG is involved in commercial construction and its main raw material, natural gas, is going down,. There's too much negativity on housing, and USG may the way to play it," Cramer says, adding that the stock is selling six times next year's earnings.
Related: Fat Pitch Financials is also bullish on USG.
CEO Interview: Yamana Gold's (NYSE:AUY) Peter Marrone
When Cramer asked if investors should be at all uneasy about owning AUY, Peter Marrone replied that that Yamana's mines are in Brazil which is a stable country with a "mining pedigree," and added, "All of our mines are long life. We've got lots of time ahead of us."
Related: Andy So picks AUY as a good buy while gold is down.
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