On tonight’s MAD MONEY on CNBC, Jim Cramer said he has a defensive play that will cover you in a couple places. Cramer was resuming his non-pharmaceutical healthcare stock sector. He wants to review the drug-coated stents and the pick he has is Volcano Corp (VOLC). He doesn’t really want you to buy it until next week. As of the market close it had a $625 million market cap; it makes intraveneous catheters that allow for exploration of arteries in place of angiograms. Because of the problems with drug coated stents the doctors are needing to look closer at arteries inside rather than using imaging.
On a call-in, Cramer was asked about Syneron (ELOS-NASDAQ). Cramer likes the P&G (PG) deal with the company. He liked it lower and then said to sell it, but he likes it again at lower prices. In another call-in, he was asked about Stereotaxis (STXS) on how much competition it could really give Hansen Medical and Cramer didn’t think it would be that much.
Jon C. Ogg
March 15, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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