Cramer’s Latin American Coat Tail Riding (AMX)

Posted: April 19, 2007 at 5:10 pm

On tonight’s MAD MONEY on CNBC, Cramer was discussing following smart money like Gates or Buffett. But he thinks you can follow Carlos Slim as the overseas Buffett and is now the second richest man in the world.  He makes great investments in Latin American.  One pink sheet stock was good, he thought about Kraft, he threw ouit Allis-Chalmers, or a Tel-Mex subsidiary; BUT Cramer decided that he liked American Movil S.A.B. (AMX-NYSE) as the pick, even though it is at a 52-week high.  He thinks this is great at 80% of the Mexican wireless market and has major Latin exposure nand is trying to become the largest in Brazil.

Keep in mind that the equivalent market cap on AMX shares are up almost 100% off the lows of the year and its equivalent market cap its $90+ Billion.  ‘Como se dice, el Cramero?’

Jon C. Ogg
April 19, 2007

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

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