Another Defensive Stock From Cramer

Posted: March 15, 2007 at 5:11 pm

On tonight’s MAD MONEY on CNBC, Jim Cramer said he has a defensive play that will cover you in a couple places.  Cramer thinks that the buybacks are helping and he likes the non-paharmaceutical healthcare sector because they are doing well.  Cramer likes Cigna (CI-NYSE).  He didn’t like it before, but the managed care company is a cross between a financial company and a health containment cost play.  At $13.6 Billion company, they bought $931 million in stock and it is virtually taking itself private because of how fast it is buying shares down.  It bought more than 20% of its shares since 2004.  It is too cheap because of its discount to its growth rate.  He thinks that it doesn’t even need to be public because they don’t need capital.

Jon C. Ogg
March 15, 2007

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

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