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- Cramer Bullish On Emerson Electric
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“Why trade in fads when you can invest in long standing greatness?” Jim Cramer asked fans of his “Mad Money” TV show Monday. Cramer said he is tired of hearing about Research In Motion’s (RIMM) BlackBerry and Take-Two Interactive’s (TTWO) Grand Theft Auto 4 video game. He wants investors to focus more on what really matters to the U.S. economy. Cramer told investors to buy Emerson Electric (EMR), calling the company a new tech play and one of the top five best manufacturers in the world. Cramer likes the company’s diverse product lines from network power systems, appliances and tools and climate control systems. He explained the firm’s new tech segments were up 15% to 20% for the quarter and the company receives more than half of its sales from abroad. “Emerson makes money in good times, and in bad,” he noted. Emerson is projected to generate $2.4 billion in free cash flow for 2008 and Cramer thinks the company will use that cash to buyback stock and raise its dividend.
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Fuente Original
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12 May, 2008| Economy |
@ 19:48
- Cramer Bullish On Emerson Electric
-
“Why trade in fads when you can invest in long standing greatness?” Jim Cramer asked fans of his “Mad Money” TV show Monday. Cramer said hie is tired of hearing about Research In Motion’s (RIMM) BlackBerry and Take-Two Interactive’s (TTWO) Grand Theft Auto 4 video game. He said he is more interested in what really matters to the U.S. economy.
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Fuente Original
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12 May, 2008| Economy |
@ 19:11
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