Cramer on today’s STOP TRADING on CNBC said that the sub-prime mortgage is bad gone worse. Neither New Century (NEW) nor others are good but they are not the size of a large financial insitution. On Countrywide (CFC) he thinks it is best of breed and the insider selling the stock is hurting the stock. He gace a statistic that 10% of loans are sub-prime and 15% of those are failing; so it is only 1.5% of loans and not then end of the world.
Cramer said Coca-Cola (KO) is one of his best names today.
Jon C. Ogg
March 5, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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