Cramer’s Secondary Merger Plays
On today’s STOP TRADING segment on CNBC, Cramer discussed the New York Stock Exchange (NYX-NYSE) as still being the most attractive stock in the exchange sector even though Intercontinental Exchange (ICE-NYSE) has rallied the most. This isn’t Cramer’s first note…
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On today’s STOP TRADING segment on CNBC, Cramer discussed the New York Stock Exchange (NYX-NYSE) as still being the most attractive stock in the exchange sector even though Intercontinental Exchange (ICE-NYSE) has rallied the most. This isn’t Cramer’s first note on NYX, as that was his #1 Growth Pick for 2007. On TXU (TXU) merging, Cramer thinks that McDermott (MDR) is down too much at -5% on concern that they will lose TXU business. Foster Wheeler (FWLT-NASDAQ) is one that Cramer thinks is still great on a post-asbestos basis. On Dow Chemical (DOW-NYSE), Cramer said the history of these deals may keep them up and he noted how Alcoa (AA-NYSE) has not fallen. Eastman Chemical (EMN) is the one he would do right now because it is too cheap. He also like Louisiana-Pacific (LPX) after temple-Inland (TIN) FINALLY announced its own break-up that they had hoped for when he was a broker in 1991.
Jon C. Ogg
February 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
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McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.