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Text Size
Jun.05
8:23 PM ET
Friday, 5 Jun 2009
Cramer’s Spec Stock of 2009

SLM Corp. took a monster hit when President Obama decided to elbow out private companies and let the Department of Education handle student loans. To make matters worse, credit agencies cut the company’s debt rating, sending the share price even lower.

As bad as that sounds, though, Cramer on Friday said SLM [SLM  Loading...      ()   ] is a buy. Management made some pretty bold statements this week, enough to demand investors’ attention. The gist? Obama won’t sink this company. The insider buying taking place right now seems to back up these claims. But there are other positives, too, namely that the stock is trading at just three times earnings. At least that’s how Cramer sees it.

Watch the video for his full report, though, and get all the details on why SLM Corp. is Mad Money’s speculative stock of the year.


















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