Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Monday November 5. Click on a stock ticker for more analysis:
NCR (NYSE:NCR) Comeback
In a volatile market, Cramer recommends comeback stock NCR and Eastman Kodak since both have upside potential and protection for hard times. NCR, formerly National Cash Register, produces ATM equipment and scanners and has been a forgotten company. The company reported a great quarter following its spinoff of Teradata and is a great way to play the rising middle class in emerging markets, since there is still a dearth of ATMs in Eastern Europe and Asia. The company is also introducing a "gargantuan buyback" and is holding an analyst day on December 6.
Kodak (EK) is Developing
Cramer shorted Kodak while he was a hedge fund manager and the company has not been able to find its way for the past couple of decades. However, Cramer says that may be changing since it has cleaned up its balance sheet and has spun off its unprofitable health care imaging business. CEO Antonio Perez has been heading a digital revolution at Kodak and has found a niche for the company in inkjet printing. Kodak has an edge over its rivals because it can sell cheaper ink. Although the quarter was not exciting and the shorts are still doing well, Cramer says Kodak may finally rise from the dead.
CEO Wall of Shame: Kerry Killinger, Washington Mutual (NYSE:WM)
Cramer savored removing the much-despised Chuck Prince from his Wall of Shame and praised the company for coming to its senses, albeit "15 points too late." He replaced Prince with Kerry Killinger, who surpasses others on the wall because of his "endless quest to make sure people who couldn't afford to borrow, nevertheless borrow. This guy practically pioneered no-doc loans for no-doc aliens." The company's dividends are not sustainable, has low allowance for the heavy losses it has taken and has $5.45 billion of nonperforming assets. Cramer notes the analyst meeting for WM on Wednesday, during which it may be suggested that Killinger "spend more time with his family."
Cramer admitted his premise that Apache would not go through $80 not sufficient and apologized for not having given the stock more leeway. Responding to a mailer who suggested Diana CEO Simeon Palios may have been misunderstood because of difficulties with English, Cramer responded, "He was negative. I don't care what language it was."
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