Stock Tickers: FMT, WB, NTRI, NSTK, CMCSA
Cramer earlier today on TheStreet.com’s Wall Street Confidential video said this is an impressive day. With $4 Trillion in borrowing power from all the private equity and public monies out there, there are only 150 S&P 500 companies that are too big to look at as far as any potential buyout. This makes a private equity call essentially being in the market.
As far as Fremont General (FMT) this shows that there is actually some value to subprime since that means someone was willing to buy the loans.
On Wachovia (WB), this did well when it was expected to be bad.
As far as trying to "Beat The Street" they discussed NurtiSystems (NTRI) because of the short interest. Cramer said this could create a major pop, although he is not a long-term fan. He said if there is a big upside and buying then it could run up big. He doesn’t want to touch it after that though.
Cramer was again positive on Natech (NSTK) and Comcast (CMCSA)
Jon C. Ogg
April 16, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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