On tonight’s MAD MONEY on CNBC, Jim Cramer said the market is going to end up 17% at the end of the year and we are one-third of the way there. He is adding another name to his "GREEN INVESTING" strategy: He is picking a specialty metals & chemicals company called OM Group (OMG-NYSE) as one that sells to alternative energy providers. It controls 13,000 tons of kobalt, used for lithium ion batteries that are for cars and other issues. They also make chemicals that power plants use to control greenhouse gasses. The company will have no debt soon and $400 million in cash. This one closed at $52.46, and its 52-week trading range is $25.57 to $59.75; shares gapped up to $53.40 after Cramer touted this one.
Jon C. Ogg
April 20, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.