Cramer said he is sticking by Halliburton (HAL): it is the cheapest in the group, and it has the lowest multiples it has really seen. He spoke to HAL’s CEO in an interview on MAD MONEY. Cramer asked point blank if the perceived ties to VP Cheney hurt them on an international basis where business may go to Schlumberger (SLB) and the CEO said the company never hears that as any logic or reasoning from customers. HAL has been sliding all month, but shares closed up 1.5% at $32.72 in normal trading and shares were up another 0.6% at $32.92 after he said he is sticking with it. Keep in mind that Cramer has been touting this stock at levels higher than this and lower than this, so this is not at all his first pony ride on HAL.
Jon C. Ogg
December 13, 2006
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
