Another Defensive Stock From Cramer

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By Douglas A. McIntyre Published
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On tonight’s MAD MONEY on CNBC, Jim Cramer said he has a defensive play that will cover you in a couple places.  Cramer thinks that the buybacks are helping and he likes the non-paharmaceutical healthcare sector because they are doing well.  Cramer likes Cigna (CI-NYSE).  He didn’t like it before, but the managed care company is a cross between a financial company and a health containment cost play.  At $13.6 Billion company, they bought $931 million in stock and it is virtually taking itself private because of how fast it is buying shares down.  It bought more than 20% of its shares since 2004.  It is too cheap because of its discount to its growth rate.  He thinks that it doesn’t even need to be public because they don’t need capital.

Jon C. Ogg
March 15, 2007

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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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