Tonight, on MAD MONEY, said that he has a paper trade. The ex-Treasury head John Snow at Cerberus is benefitting from the Chinese coated free sheet paper tariff, but Sappi Ltd. (SPP-NYSE) is the one that will benefit from this. The tariffs are intended to be used for magazines, yearbooks, etc. Sappi is South African, but they are the largest in the US and most of the other companies doing this are private. Cramer thinks it is a trade rather than an investment.
Jon C. Ogg
April 12, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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