Cramer also said on CNBC’s MAD MONEY tonight that he had run some stock screens out of the 4% dividend yield club and came up with 13 names, but he has 2 names that really stood out:
Packaging Corp of America (PKG-NYSE) was a name that he thinks could have private equyity interest, it has room to grow margin, energy costs look down for it, and it is a keeper. This is his second favorite in the screens that he was surprised about.
The last name was BP plc (BP-NYSE/ADR) and he was surprised with a 4.1% yield. It is the cheapest and most hated name in big-oil and the best in alternative energy in the group. It replaced 11% of its reserves and Goldman Sachs has finally come out with some hope on it. He thinks it can go higher now that its problems are farther behind it.
Puget Sound, Nicro (GAS), and AGL (ATG) were some of the ones from before but they didn’t make the top-list of the 4% stocks.
Jon C. Ogg
March 6, 2007
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