×

Mad Mail: What's Wrong With Nucor?

Jim: Happy 4th Anniversary! What a fast and horrible year, financially speaking. Your commitment to teaching and entertaining night after night is greatly appreciated. At the risk of repeating a frequent sentiment on your show, thank you so much for your honesty and frankness on issues. That same wild openness creates fabulous entertainment! So glad you are still pounding the table for AIG to come clean with it's books! Thanks for all you do Jim. And, of course, you remain amazing, especially in pink! Pink-ah! Boo-yah! --Lisa

Cramer says: “Lisa, here’s what I pledge in my fifth year. Again, I think I can do better. I think we can all do better. I think that is a nice high-road sentiment and I’m going to maintain it for the rest of my life.”

___

Cramer: What is with Nucor? Haven't you had CEO Dan DiMicco on several times and he has said how wonderful they are doing and how they are still turning profits? What is with today's news that they are expecting to lose 55 to 65 cents per share? Did he say anything like that when he was on last? Is the dividend safe? --Jeff

Cramer says: “Jeff, I don’t know if the dividend is safe. That was very different from what he said. I think this is one of those instances where I have no ability to be able to forecast what he can’t forecast. But I thought it was a very disappointing announcement. It does happen. Executives do not get it right all the time. We don’t have the ability to know all the time what’s going to happen.”

___

Jim: I recently noticed a sign at my local cigarette shop alerting customers to a $7.00 per carton tax increase coming April 1, due to passage of the SCHIP legislation. This comes on top of a $3 per carton increase about a month ago. With the bargain brands, this represents almost a 50% price hike, and about a 25% increase in the cost of premium brands. With this in mind, is it time to get out of Altria in anticipation of a steep decline in revenues? --Bill

Cramer says: “Bill, I had the same conversation with Sid at my newsstand where I get the papers. And it made me trip a little bit of Altria for [my charitable trust]. I still have a huge position in it because of the dividend…When Sid said, ‘Look Jim, $8 a pack,’ that made me blanch. So I…cut it back. And I can’t tell you to do differently if that’s what I did. Although I remain a substantial shareholder in Altria [for my charitable trust].”

___

Howdy Jim: Your show has been my favorite show for the past 4 years. You have taught me how to be a smart investor with your show, your books and your appearances on multiple shows. Mainstream America understands you are one of the good guys and are out there to help the little guy get ahead. You have helped me more than you know. --Duke Pauly

Cramer says: “At this particular moment in my career, I am very grateful to have that e-mail.”




Cramer's charitable trust owns Altria.

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com