On today’s STOP TRADING segment on CNBC Cramer went back over Under Armour (UARM) as it becomes (UA) on NYSE.
The company already said that it didn’t go into football cleats to go into the cleat business. That is to go into the shoe business. The shorts are wrong according to Cramer, and he thinks the "UA" stock is only kept down by its trailing multiples. Cramer thinks the CEO is humble but is also the next Mickey Drexler and he loves it.
Coldwater Creek (CWTR) has been oversold according to Cramer and he thinks it fits the regional to national story that is pressured by the short sellers. He thinsk the shorts have won, but now need to get out of the way.
Cramer again said Halliburton (HAL) is very undervalued to peers and undervalued to Schlumberger (SLB). He likes HAL, but he’d buy it after gas inventories on Thursday.
Jon C. Ogg
December 18, 2006