Cramer on Halliburton & Other Buyout Candidates

Print Email


On today’s STOP TRADING segment on CNBC, Jim Cramer was out on the road at UT in Austin.  On the Halliburton (HAL-NYSE) he said the company begins a $3 Billion buyback next week.  Cramer thinks this is why they are doing the Dubai move because they are 60% levered to North America.  He said he’d buy it.  He doesn’t think the stock actually needs to be public now.

As far as all of the other buyouts, he has a new list of public companies that should go private:

Sysco (SYY-NYSE) is public and doesn’t need to be public.

Ceridien (CEN-NYSE) can avoid its problems if they go private.

Landry’s (LNY-NYSE) reminds Cramer of Dollar General in that it doesn’t need to be public. He thinks that LNY can go private and then come back as a public company in each of its units.

On Motorola (MOT-NYSE), Cramer said that Icah’s actions against MOT may be the savior of the company.

Jon C. Ogg
March 20, 2007

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

RSS Facebook Twitter