Mad Mail: Too Late to Buy Bucy?
For Tuesday’s Mad Mail, Cramer started with a question from Corey, who rode Bucyrus International to $40 from $18 only to watch it continue to $68 without him. He wanted to know if he should get back in. “Yes,” Cramer said. While profit taking is always smart, he’s still bullish on BUCY. And he thinks investors should take any 3% to 5% pullback in the stock, or one that lasts a few days, as a chance to buy some. “I think the company’s got multiple years ahead of it that’s good,” he said, adding Joy Global to his buy list as well.
And Greg in Florida wanted a battery play to take advantage of the resurging interest in hybrid vehicles and smart-grid technology, a thesis that Cramer called “absolutely right.” He said Sociedad Quimica was the best investment on the trend, even though the stock has been stuck since Chile’s earthquake. “I still believe in it,” Cramer said.
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