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 [email protected]; he does not own securities in the companies he covers.
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