Stock Tickers: BRK/A, BNI, KO, PG, WMT, USG, AXP, WFC, MCO, JNJ, COP
On tonight’s MAD MONEY on CNBC, Jim Cramer reviewed another Warren Buffett strategy by reviewing holdings to see if they are worth piggy-backing on. Here is a brief summery of Cramer’s opinion on Warren Buffett’s current holdings in Berkshire Hathaway (BRK/A):
Burlington Northern SantaFe (BNI)….Cramer says he’s dead on with this and it’s a good pick; Buffett holds more than 10% now.
Coca-Cola (KO)….Cramer said he’s had it for a long-time and Cramer thinks the new transformational CEO is a winner.
Procter & Gamble (PG)…. Cramer doesn’t care for it now. He used to like it a lot, but Cramer said he’s switched his stance and now favors Colgate-Polmolive (CL) as of now.
Wal-Mart (WMT)….Cramer now likes it after a long time of hating it, particularly now that they finally decided to get ‘shareholder friendly.’
USG (USG)….Cramer thinks the company is too leveraged to housing to like it right now, so why bother going through the pain when you can buy this for less money down the road. In Cramer’s 6 to 18 month time frame he is only favorable toward this if it falls to under $46.00.
American Express (AXP)….Cramer thinks it is cheaper than MasterCard (MA) and has better management, and he thinks it’s a buy.
Wells Fargo (WFC)…Cramer has nothing but respect for Wells Fargo, and he’d back it.
Moody’s (MCO)….Cramer said Buffett is right on this one because of the duopoly in the bond ratings game, and he thinks analysts are too bearish.
Johnson & Johnson (JNJ)….Cramer said he doesn’t get it on J&J because they have patents expiring coming off every year in drugs and that was the growth engine rather than traditional goods.
ConocoPhillips (COP)….Cramer thinks is a triple buy, and oil is too good to pass up.
Jon C. Ogg
June 21, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in any of the companies he covers.