Cramer's Buying Opportunity Off Bill Miller's Sales
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Date updated:01-10-2008
With asset management company Legg Mason (LM) facing an off year in its domestic equity funds, it is redemption time for investors who are asking for their money back from the company, Cramer said.
The funds' legendary money manager, Bill Miller, is likely to sell stocks to meet redemption, which could mean a buying opportunity for investors to pick up some knocked-down stocks.
-
EK
Eastman Kodak Co - $4.46
- +6.70%
- $4.32
Miller's sale of Eastman Kodak (EK), Google (GOOG), UnitedHealth (UNH) and Sprint Nextel (S) could knock down these stocks and offer a buying opportunity for others, said Cramer.
-
GOOG
Google Inc. - $585.01
- -0.12%
- $593.04
Miller's sale of Eastman Kodak (EK), Google (GOOG), UnitedHealth (UNH) and Sprint Nextel (S) could knock down these stocks and offer a buying opportunity for others, said Cramer.
-
GOOG
Google Inc. - $585.01
- -0.12%
- $593.04
Miller's sale of Eastman Kodak (EK), Google (GOOG), UnitedHealth (UNH) and Sprint Nextel (S) could knock down these stocks and offer a buying opportunity for others, said Cramer.
-
UNH
Unitedhealth Grou - $27.46
- +0.48%
- $27.65
Miller's sale of Eastman Kodak (EK), Google (GOOG), UnitedHealth (UNH) and Sprint Nextel (S) could knock down these stocks and offer a buying opportunity for others, said Cramer.
-
S
Sprint Nxtel Cp - $3.69
- +0.54%
- $3.74
Miller's sale of Eastman Kodak (EK), Google (GOOG), UnitedHealth (UNH) and Sprint Nextel (S) could knock down these stocks and offer a buying opportunity for others, said Cramer.
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