Cramer’s Picks From France

Cramer on tonight’s MAD MONEY said the best market in the world right now is France because of Sarkozy who is expected to win thge election there.  Cramer has 2 picks:

1) CGG Veritas (CGV-NYSE/ADR); 2) Veolia Environment SA (VE-NYSE/ADR)

CGG Veritas is into geophysical services for mapping the ocean and land is its winning hand for oil and gas drillers and surveyors.  They are the #3 map maker and #2 in offshore behind Schlumberger.  It has a dupoly in input/output and the Atlantic being opened up in the US may offer a huge opportunity if and when it gets opened up for drilling.

Veolia Environment is a water play and waste management that transports water and converts waste water.  With Sarkozy, he wants to privatize agencies because companies can do a better job than the socialist managers.  They are the #2 waste management company on earth.  This one even does recycling and waste to energy conversion, plus energy management services.  It has 30 Billion Euro’s worth of carbon credits on its books.

After Cramer was finished with these, Cramer said that Sarkozy has said he would like to buy a taser for every police officer in France and that could be a huge win for Taser International (TASR-NASDAQ).  TASR just jumped 6% on this in after-hours trading.

I would normally say that these two picks based solely on the electionin France is bunk, but the recent elections that are coming up inFrance have Nicolas Sarkozy favored to win and he’s a true capitalistwith capitalist reforms coming.  My other reason for agreeing with himis that the head of the European Central Bank is Jean-Claude Trichet.BUT…. Regardless of if the country is really going to be the best,you still have to believe in the companies and sectors that these arein.  Otherwise you are might as well just look at the iShares MSCIFrance (EWQ-AMEX) and ask your broker if you can hedge the currencyposition since the US Dollar has lost so much ground against the Euro.

Jon C. Ogg
May 2, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.