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Cramer's #1 Buybacks=Buyouts Pick (WTW)

Cramer has a new method for predicting takeovers.  Four of the fourteen largest buybacks have either been taken over or have agreed to be taken over in the last few months.  Cramer thinks the other 10 are great buyback targets as well.  Cramer has 3 picks out of these 10.  His #3 pick was United Stationers (USTR-NASDAQ) and his #2 pick was Brinks (BCO-NYSE). He also said that he is only focusing on buyout candidates that he thinks are good all on their own.

The #1 pick from Cramer in buybacks is Weight Watchers (WTW-NYSE).  I hate to tout any ex-picks here but this was one of my buyout picks last summer when the shares were sliding and sliding because of a potential leveraging effect and what would probably a better diet and nutrition plan than others. 

Jon C. Ogg
May 7, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in any of the companies he covers.