Cramer has a new method for predicting takeovers. Four of the fourteen largest buybacks have either been taken over or have agreed to be taken over in the last few months. Cramer thinks the other 10 are great buyback targets as well. Cramer has 3 picks out of these 10. His #3 pick was United Stationers (USTR-NASDAQ) and his #2 pick was Brinks (BCO-NYSE). He also said that he is only focusing on buyout candidates that he thinks are good all on their own.
The #1 pick from Cramer in buybacks is Weight Watchers (WTW-NYSE). I hate to tout any ex-picks here but this was one of my buyout picks last summer when the shares were sliding and sliding because of a potential leveraging effect and what would probably a better diet and nutrition plan than others.
Jon C. Ogg
May 7, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in any of the companies he covers.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
