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Mad About Options: Guarded on Google:
The Mad About Options crew reviews Jim Cramer's recent bearish comments about Google and offers options strategies for traders and investors. Also hear options ideas for Precision Cast Parts and Microsoft.

Click here to watch the video.

From a recent Mad Money show: "I went negative on PCP after Boeing went on strike. I'm lightening up on PCP."

Third is Cramer favorite, Precision Castparts (PCP). Cramer said the company gets 17% of its sales from Boeing and will take a 1.7% earnings hit if the strike lasts a month.

revenue has grown nearly 30% annually for the past 5 years, while the effecuent operating model has boosted operating profits 40% per year. A very strong balance sheet and efficient operating model should sustain decent returns on capital over the next 5 years

The stock has a PE of 13 , a PEG of 0.68 , and pays a yield of 0.1%

looking for an upgrade cycle

From a recent Mad Money show:

"PCP is just a buy here. People are negative on aerospace, but they're missing the fuel savings part of the business and PCP is part of it."

awesome stock..awesome industry

Buy - Price 125.68 on May 6
by Jesup & Lamont

PCP makes complex metal components for aerospace and industry. Due to strong end-markets and operational improvements... we've raised EPS [estimates] for fiscal 2009, to $7.83 (prior $7.55), on revenue of $7.74 billion (prior $7.76 billion); and for F10, to $8.88 (prior $8.57) on revenue of $8.75 billion (prior $8.77 billion). 2008 P/E is 17.5 times. Target: 155. Market cap: $17.6 billion.

great earnings. good chart

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