Cramer Looks At Sympathy Trades (C, HAL, PHG, GLYT, AYI)

Tonight on CNBC’s MAD MONEY, Jim Cramer wanted to discuss some trades off of fresh deals.

After Abu Dhabi invested $7.5 Billion into Citigroup (NYSE:C), Cramer wanted to look elsewhere to see what would be an easy investment.  Interestingly enough, Cramer said he thinks that Halliburton (NYSE:HAL) might be that play since it has moved to the Middle East.  He also thinks that there would be no issue in the Arabs taking a stake,  He also still likes it on its own and really likes its buyback. Halliburton was also one of Cramer’s TOP VALUE PICKS FOR 2007.

Based on Philps (NYSE:PHG) acquiring Genlyte (NASDAQ:GLYT) yesterday, he thinks that the value for Acuity Brands (NYSE:AYI) just went up and it might be a better buyout candidate as a sympathy play.  He said he even thinks Philips may go after it.  The number 1 maker of light fixtures in the U.S. and Cramer thinks this one could be next.  The stock was up sharply yesterday, but it gave most of the gains back and is still hovering barely $4 above its 52-week lows.  At the same valuation as Genlyte and if you averaged it out you would end up with a $19 premium to today’s price.

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Jon C. Ogg
November 27, 2007