Jim Cramer was out with another dreaded pre-IPO call, predicting MJN would go higher. That’s  assuming you get in at the IPO price.

This is tentatively the first real IPO of the year, and would actually be the second IPO since August. Just keep in mind that this one is a unit of a large public company, so its status as a true blue IPO is debatable.

The current market conditions, the status of the banking stocks, and the stimulus and rescue package are all wild cards that could affect this deal. It  seems as though Bristol-Myers will either be underselling on price or that investors will wish they had waited. We initially had a tentative pricing set for Tuesday night, but we know better than to hang our hats on any solid date. Or terms, for that matter.

JON C. OGG
February 9, 2009

Cramer said Hillary was well ahead of the curve in identifying the housing crisis.

• Hillary said that many people were mislead into scam mortgages, and that regulators haven’t done enough.  She wants a 90-day moratorium on foreclosures and to freeze adjustable rate mortgages.  "We need bolder action, and we need it now."

Cramer talked about unleashing the FHA as far as those who cannot refinance the houses they live in.

• Hillary said she advocated that and the FHA would have to raise limits.  Inflation is up and these uncharted waters are going to be hard to navigate.

Cramer asked about Washington playing a role in the mortgage problem. 

• Hillary said this was entire unprecedented.  She noted many borrowers were mislead with over-enthusiastic appraisals and the scam went from top to bottom.

As far as NAFTA, Cramer noted that a NAFTA suspension would create a major economic shut-down.

• Hillary said there is actually an opt-out in NAFTA, it’s been on the books for 14 years and it is time for a change to the rules.  She said she wants balanced growth.

Cramer then asked about inflation and "burning food" at the expense of food prices, part of his ag-flation theme. He said if we scrapped ethanol it would bring those prices down.

• Hillary said it is a little more complicated, but rising corn and soybeans have contributed.  She said we are in a transition period that requires all forms of alternative energy and she then noted cellulosic, wind, solar, and new forms of energy for cars. She wants more hybrids and more plug-in cars.  She did NOT note anything about nuclear power plants, and Cramer didn’t go there even on a sidebar comment.
• Here were some prior Cramer comments there on ag-flation: Last night Cramer said to put several of the ag-flation beneficiaries on your shopping list after these stock prices take a hit after this week;  he also featured another stock as a hidden value agriculture stock; here were his "wild bull market picks" in the sector last year if you’d like to compare.

Cramer asked "Are you going to eliminate the low taxes on dividends on stocks?"

• Hillary said we might see some increase but nothing severe that would affect overall investing. But then she did note that people over $250K per year would revert back to the 1990′s level and it woulds help fund a universal health care.
• It’s been a while, but here were Cramer’s boring yield stocks for retirement and here were Cramer’s Dogs of the Dow targets.

OK, now we know some of you love Cramer and some of you can’t stand him.  We also know many of you like Hillary and many are as far away from liking here as it can be.  These are a paraphrasing of their comments, and nothing more other than support data on the topics discussed.  We won’t be trying to influence your decision, nor will we make any apologies or excuses for any questions or statements that are "for or against" any public policies that investors and voters alike will use in making their decisions.

Jon C. Ogg
February 27, 2008

TheStreet.com reported a 125% year-over-year increase in non-financial advertising revenue, which is now 52% of ad revenues; total advertising revenue reached a record $6.8 million, which is a 43% increase over Q4-2006.  Paid services revenue in the fourth quarter of 2007 (subscription, syndication, licensing and information services) rose 8% to $10.4 million for the quarter.  Syndication is winning out over subscriptions it looks like: subscription revenues fell 4% to $8.5 million while syndication, licensing, and info services rose 142% to $1.9 million.

Jon C. Ogg
February 21, 2008

This closed down 2.6% today at $34.78 and the 52-week range is $20.05 to $62.04.  Cramer’s target: $45.00.

• Last night Cramer called FMC a hidden Agriculture trade.
• He’s also got picks in Brazil.
• Despite a sharp rebound from lows, he’s still anti-tech.
• There is also this XTO secondary that hurt the stock, but everyone keeps talking it up.

Jon C. Ogg
February 14, 2008

The breakdown of the investment is quite interesting, and it does not look like on the surface that this financing  is one where TheStreet.com is giving the keys to the palace away.  The investment of $55 million represents the purchase of preferred stock and warrants to purchase shares of common stock. The preferred stock converts into common stock at $14.26 per share. The five-year warrants permit TCV to purchase approximately 1.1 million shares of common stock at an exercise price of $15.686, or a premium of 10%. The preferred stock receives dividends at the same rate as the underlying company’s common shares, and has a one-time liquidation preference.  We’ll try to get a full breakdown of the exact terms.

We recently noted where TheStreet.com was out diversifying from only being known for stock and financial market commentary and research.  In the coming months, TheStreet.com will launch a new site, Mainstreet.com and it will also re-launch its free sites, TheStreet.com and Stockpickr.com, as it enhances its position as the premier destination for money.

"TCV" provides growth capital to late-stage private and public companies.  Jay Hoag, founding general partner of TCV, will join TheStreet.com’s board of directors.  It sure sounds like TheStreet.com’s acquisition path is not finished.

Shares closed down 4.2% in normal trading at $13.66 today, and the 52-week trading range is $8.20 to $14.25.

Jon C. Ogg
November 15, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Google (NASDAQ:GOOG) is Cramer’s first cheap growth stock.  With 34% long-term growth, and some fund managers paying 50-times earnings for that growth rate, his assumption to get to $750 is only 37-times 2008 and he thinks it is cheap and headed higher.  Cramer thought he’d have seen $675 if the market wasn’t so bad Friday.  It’s also a window dressing stock, similar to the list we recently gave.  We also gave our recent  "How long until $1,000" question in relation to higher and higher analyst targets.

His second stock that is still cheap is Intuitive Surgical (NASDAQ:ISRG) even at $285 per share.  We noted "Bionic Man Earnings" on this one last week. The stock held up on Friday and the momentum investors think it may be over, but they are wrong.  He loves the robotic surgery da Vinci device that allows for open heart procedures to be done with micro-incisions and that shortens hospital stays drastically.  He also likes the 40% recurring sales after the da Vinci system sales are made for disposable parts and only 17 systems sold overseas last quarter.  If you use forward earnings estimates its PEG ratio is about 1.5, and that is cheap for the growth here according to Cramer.

On a call-in, Cramer said that despite the multiples, Baidu.com (NASDAQ:BIDU) shares are heading higher.  You’ll have to chase that one on your own.  The Alibaba IPO may draw more attention to the Chinese web space, but we noted previous lessons from the dot.com bubble here previously and noted how the stock was fighting to hold $300 recently.  This company will have to do much more than just beat its forward earnings.

Jon C. Ogg
October 22, 2007

Cramer then interviewed Ms. Nooyi said Pepsi is committed to 10% EPS growth.  She made her case about the bullish side of the equation, but Cramer said he wants to wait to wait now for an under $70.00 stock price before pulling the trigger. 

Frankly she sounded either a little defensive or maybe a little too surprised, particularly since she started out saying the equivalent of "I have no idea why the stock acted the way it did."  That’s life in the markets.  Sometimes good isn’t enough after a big run, although shares are only up about 16% from the lows over the last year.  Maybe that’s huge for a food and beverage company.

Jon C. Ogg
October 11, 2007

Is this really an overlooked IPO?  No.  It came public at $18.00 and closed at $34.07.  He thinks this could go to $40.00 on its own, but also thinks a larger company could acquire it.  He also believes this will get positive analyst coverage soon.  This one ran so much that you cannot think this was overlooked at all.  This may not be that well known to the public, but traders have been playing this one over the last ten trading sessions since its IPO.  Shares rose 8% to $36.80 in after-hours on Cramer’s feature.

• Cramer’s TOP 9 Picks For 2007;
• Cramer’s recent buyout picks in Canadian Oil Trusts;
• Cramer’s TOP CHINA PICKS;
• Cramer’s stock picks on the weak dollar;
• Cramer’s "New Four Horsemen of tech";
• Cramer recently called the market "Open Buying Season" in the market.

Jon C. Ogg
October 3, 2007

With a 50/50 rate cut Cramer thinks it is time for brokers and time for Goldman Sachs with $6.13 versus $4.35 estimates.  They even were short mortgages and made money.  Cramer still thinks this is worth $300.00 this time next year and is the best one to own.

As far as Goldman Sachs here are some other pertinent tid-bits to contemplate:
They were a TOP PICK FOR 2007 by Cramer
Even with an "Alpha Fund" hit in the news, they won
The bets were on them ahead of the report
The stocks acted weird, but the report was better than Bear Stearns (NYSE:BSC)
Who else can call $135/barrel in oil and get away with it in a "Super-Spike" possibility?

Jon C. Ogg
September 20, 2007

Cramer doesn’t think a rate cut is going to bail out the homebuilders entirely, but he still wouldn’t short them now.  He likes the banks, but the theory and the moral hazard is great for many many stock.  If you want a review of Cramer’s fairly recent stock pick lists that he is still positive on many of the stocks, here are some of the stock lists and brief explanations:

Here is his list of TOP 9 PICKS FOR 2007
Here is his "New Four Horsemen of Tech"
Here is his Mortgage Madness Portfolio
Here are his Top China Picks
Here are Warren Buffet Stock Reviews in 10 stocks and then 10 more
Here are his numerous picks from the fantasy football stocks…Running Backs… Tight Ends… Quarterbacks…. Defensive Linemen…

Cramer also gave several other stock picks in his second segment on MAD MONEY.  But he gave his key telecom pick being AT&T (NYSE:T) because of its higher dividend and growth ahead.  He thinks it is savvy and will grow cautiously and it trades at 12-times earnings with an upswing coming.  Being the sole iPhone distributor is only helping and he thinks wireless data revenue is going to be massive.  Cramer also interviewed the CFO, Richard "Rick" Lindner, who said wireless is hitting on all cylinders with margins actually growing.  The CFO also said video is now over 100,000 customers and they have over 1 million satellite.

Other picks that Cramer noted earlier today were Downey Financial Corp. (NYSE:DSL) and FirstFed Financial (NYSE:FED).

Jon C. Ogg
September 19, 2007