Cramer Changes His Mind

Posted: March 12, 2007 at 1:48 pm

On today’s STOP TRADING segment on CNBC, Jim Cramer changed his mind about a stock.  Morgans Hotels (MHGC) has gone up after Cramer thought it wouldn’t.  The CIBC analyst on the show that came on said their target on this one was $27.00.  He thinks the Hard Rock deal may help but the other deals that it has under contract and in negotiations with will drive the company. 

Cramer then said he was looking at Melco PBL Entertainment (MPEL) and said the exposure to Macau on other casinos may come into play against the names.  Cramer said he’s done on Las Vegas Sands (LVS).

Jon C. Ogg
March 12, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Read more: Cramer
    		•