Cramer's Stocks Standing Up To Hedgies
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Created by barrons3
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Date updated:09-18-2008

"Time to take the stocks out of the hands of the hedge fund managers gone wild -- it's ridiculous that 50% of the market capitalization has disappeared overnight without any diminishing of their core businesses and with a decline in the price of the steel they have to price to get the business." - Jim Cramer

symbol name last price % change open
  • +
  • FWLT
    Foster Wheeler Ag
  • $32.65
  • +4.45%
  • $31.71

Now Foster Wheeler (FWLT) strikes back against the hedge funds gone wild with a buyback of one-eighth of the company.

People owning FWLT also tend to own: AIGBACCPWRDISGSHAL

TheStreet.com Rating: C+ What is this?

  • +
  • POT
    Potash Cp Saskatc
  • $99.67
  • +3.55%
  • $98.31

Last night, Potash (POT) announced a huge buyback, although with the selling pressure in that name, it won't matter.

People owning POT also tend to own: ABKBBDCFCDEFCXFREFWLT

TheStreet.com Rating: B- What is this?

  • +
  • JOYG
    Joy Global Inc.
  • $56.97
  • +5.30%
  • $55.35

But Joy Global's (JOYG) buyback of two-fifths of the company seems like it triggered something in these commodity players' execs' minds -- maybe at last there is an end to the ridiculous nature of these totally erroneous declines.

People owning JOYG also tend to own: BAXBOBJDELLEBAYHANSRMIXSBUX

TheStreet.com Rating: B- What is this?

  • +
  • MDR
    Mcdermott Int Pan
  • $24.16
  • +1.13%
  • $24.15

I think McDermott's (MDR) next; it has huge cash, not a big market cap and no debt.

People owning MDR also tend to own: GESITGSTHJF.PKBRCMFXIACHASTI

TheStreet.com Rating: C What is this?

  • +
  • KBR
    Kbr Inc
  • $21.04
  • 0.00%
  • $N/A

KBR (KBR), with $1.6 billion in cash, $3 billion in market cap and no debt, is also a candidate.

People owning KBR also tend to own: APCAPPAUYAVNXBMDCBICOLM

TheStreet.com Rating: C What is this?

  • +
  • GE
    Gen Electric Co
  • $15.85
  • +3.39%
  • $15.70

Now, I know there is a perception that these stocks will have no growth as oil work inexorably back to $70 -- if it gets there -- but these companies reflect that now, and their order books make it so that someone like a GE (GE) could buy them all and roll them into a mighty infrastructure division.

People owning GE also tend to own: AIGAXPDELLIBMINTCMSFTAAPL

TheStreet.com Rating: C What is this?

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