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]. AKS has the premier coating line in the world. It is the domestic leader in stainless and electrical steel. Not only do you change your mind like a woman, you don’t know your steel stocks! –Bud Cramer says: Other than the sexist comment, I agree that AKS is a good stock, although it isn’t as cheap as U.S. Steel [X
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]. Be careful, though. Russia is starting to flood the market with stainless steel.
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Dear Cramer & Team: My father, Harold, is turning 90 today. He attributes his great health and dynamism to a regimen that includes swimming every day, managing a complex stock portfolio online, and watching Jim Cramer nightly. He absolutely loves the show. He also teaches a class in investing to a large group of 10-12 year-olds at the Howard Gardner School in Scranton, PA. My father has the kids manage model portfolios, and has found Jim's dynamism and demystification a great way of introducing young people to the world of finance and investing. It would absolutely give a great charge to him if he might get an on-air birthday wish from Mr. Cramer. --Robert
Cramer says: Happy Birthday, Harold. Please say hello to the many Cramers that live in Scranton, PA.
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Dear Jim: I am sure you guys have received a load of emails about the Daily Show comments, but I saw the show where you made the Bear Stearns [BSC
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] comments…and my interpretation was that you were telling people not to close their brokerage accounts. If the comments Jon Stewart made are wrong like I think they are, you guys should address it.
Cramer says: Jon Stewart has a great show and he was just doing his job. But I was the only one who actually read the email in question, and it was a viewer asking if they should close their brokerage account at Bear, to which I said no. Later that week, I said Bear stock was “worthless.” I am the first to admit when I get something wrong, but I was right on Bear.
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Dear Jim: I bought a thousand shares of Sirius [SIRI
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] stock a year ago at around $2.80 per share. I bought the stock because I like Howard Stern. There you have it, "my secret strategy," Howard Stern = sound investment. Now please Jim…how is it that the larger of these two companies (XM [XMSR
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]) is being swallowed by the less valuable one (SIRI)? --Ted
Cramer says: Sirius, while less valuable, made the proposal and has the better management team. SIRI stock is undervalued here.
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Mr. Cramer: I watch Mad Money daily. I have been trading stocks since January and I must say…thank you for the Blockbuster [BBI
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] recommendation. Until I owned that stock, I didn't truly understand trading around stock price changes. Blockbuster, if it goes up even 10 cents, can make you a pretty penny if you reinvest that penny when the price falls back down. It's beautiful. Thanks Cramer! --Thomas
Cramer says: Blockbuster has proven to be a good speculative recommendation. Stick with it and trade around.
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