Between an oil driller, mineral company, shipping company, retailer/hedge fund and a railroad company, Cramer could argue that there’s too much transport in this portfolio. However, Union Pacific is not the same as a bulk shipping company, he says, so it’s different enough from Genco. “I would say that you are diversified. I wouldn’t change a thing."
Cramer says Solectron and EMC are too similar, and he would sell the former. Also, luckily for Mike, Cramer’s now endorsing Grey Wolf as a driller. He also has a “terrific” minerals company in Northgate, although Cramer personally likes Lundin Mining more. “Sell the SLR and buy a defense company – they’re all for sale,” Cramer recommends.
Jim’s charitable trust owns Sears Holdings and Union Pacific.