On today’s STOP TRADING segment on CNBC, Jim Cramer noted that Dollar General (DG) on a fundamental basis: He said Banc of America noted it is good to Buy with a $20 target, but their call was when it was in the $14’s. He said it can be bought on fundamentals but he wouldn’t buy it right there just on hopes of a buyout. He said if there is no deal today then it will fall $0.50.
Cramer noted the selling squawl in the market may last 3 days, but there isn’t anything truly fundamentally wrong with the market.
He noted that Morgan Stanley saying there is a bubble in apparel is wrong. He said he doesn’t believe Under Armour (UARM) is done and is tempted to say buy now. He thinks the company still has great momentum.
Jon C. Ogg
November 28, 2006