Cramer's Four Stocks To Worry About
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Date updated:10-25-2007

"Watch Countrywide. Watch WaMu. And, I believe, watch PMI and MGIC. Those are the Achilles heels of the system. They are not getting better. They are getting worse." -- Jim Cramer

symbol name last price % change open
  • +
  • WM
    Waste Mgmt Inc
  • $33.28
  • +3.03%
  • $32.91

"Washington Mutual is an issue of sloppy lending. WaMu tried to buy business and deposits in lots of areas during its nationwide expansion and the lapses in practices are taking their toll. If WaMu didn't have the huge deposit base, people would be far more concerned than they are."

People owning WM also tend to own: DLSDOWDVYGEINTCMATUST

TheStreet.com Rating: B- What is this?

  • +
  • CFC
    Cfc
  • $0.00
  • N/A
  • $N/A

"The other is far more worrisome to everyone I talk to: Countrywide Finance. There is a pincer move against these guys, legislation that would allow homeowners to sue and presumably walk away from their mortgages, as well as looming federal investigations about really stupid, attention-getting stock sales and higher interest rates that aren't going down fast enough to save the company."

People owning CFC also tend to own: ABKBBDDEFCXFREFWLTHES

TheStreet.com Rating: No Rating What is this?

  • +
  • MGIC
    Magic Software En
  • $2.06
  • 0.00%
  • $N/A

"Amazingly, I always bring up MGIC (MTG) and PMI Group (PMI) as bigger problems, hapless insurers that bought back a huge amount of stock at much higher levels, and I believe I must do what CIT (CIT) did, which is to increase liquidity by offering equity right here. No one seems to have these two on their radar screen except for Doug Kass, which is pretty amazing."

People owning MGIC also tend to own: AAPLDCGNGSFHALMANEWTNYX

TheStreet.com Rating: B What is this?

  • +
  • PMI
    P M I Group Inc
  • $2.08
  • -1.89%
  • $2.17

"Amazingly, I always bring up MGIC (MTG) and PMI Group (PMI) as bigger problems, hapless insurers that bought back a huge amount of stock at much higher levels, and I believe I must do what CIT (CIT) did, which is to increase liquidity by offering equity right here. No one seems to have these two on their radar screen except for Doug Kass, which is pretty amazing."

People owning PMI also tend to own: ABTBRK-BCLAYCLXCNIDISHGCI

TheStreet.com Rating: D- What is this?

Portfolio not tracked!

10/31/2007 12:28 PM CDT Asked by willwyko
Magic Software-ticker MGIC
MGIC Investment Corp.-ticker MTG

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