On today’s STOP TRADING segment on CNBC, Jim Cramer was discussing China’s desire to grow and acquire. He noted that with so many companies being some of the largest in the world that some large acquisitions "could" be desired. We want to emphasize that "can" is different than "will" before trusting this without any thought.
Pertochina (NYSE:PTR) is one of the largest companies with a $260+ Billion market cap and it might want a Gulf of Mexico oil play or another oil play. Cramer noted that it could go after Halliburton (NYSE:HAL), Anadarko (NYSE:APC), or Apache (NYSE:APA). Cramer also noted that China Mobile (NYSE:CHL) might want to own a Motorola (NYSE:MOT).
Cramer noted a couple of plays that will benefit from growth in China: Focus Media (NASDAQ:FMCN) is a way to play advertising for China’s Olympics, but Wynn (NASDAQ:WYNN) may be the best way to play the emerging China wealth emerging that will gamble in Macau.
Keep in mind, that China’s CNOOC (NYSE:COO) was blocked from acquiring Unocal by regulators in recent years. So a deal of the sizes proposed here may be more for conversation’s sake rather than for speculating on a buyout.
Jon C. Ogg
September 4, 2007
Jon Ogg can be reached at [email protected]; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
