On tonight’s MAD MONEY on CNBC, Cramerhad his SELL BLOCK calls. This is where he reviews names that canusually be sold that are based on his recent picks.
Avon (AVP-NYSE) is one that Cramer thinks that Andrea Jung is nolonger a CEO that has to go. That wasn’t one of MY list of CEO’s thatneed to go because I didn’t agree with it. Cramer said he wasn’tpatient enough and he was wrong.
Wells Fargo (WFC) is one you need to sell. It is trading too highon a multiple and he thinks you can sell at least some. He also thinksWashington Mutual (WM) can be sold here. You should use this to buyGoldman Sachs (GS).
On Abercrombie & Fitch (ANF) that is 50% from the summer and hethinks if you haven’t sold some yet you should. Take your profitsaccording to Cramer.
Cramer also said Sell Cicuit City (CC-NYSE) if you haven’t.
Citigroup’s (C-NYSE) Chuck Prince should be on the CEO’s that need to go list. He is one of my own picks to go and I even said he hasn’t shown up for his own funeral yet on my CNBC interview on Monday.
Cramer also believes that Sears Holdings (SHLD) is the real beneficiary of the Fortress Investment Group (FIG) IPO today since there will now be a yardstick.
DST Systems (DST) was noted as a potential buyout candidate on MAD MONEY last night.
Jon C. Ogg
February 8, 2007
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