Cramer Features Brazil Stock Pick: (RIO-NYSE/ADR)
Cramer on MAD MONEY last night also went over his Best of Breed picks in Brazil. Cramer says it is Nirvana down there with high growth and decent inflation. The election there was electing a socialist who is becoming a great quiet capitalist. He said that the situation in Brazil merits that investors need to be there.
CVRD-Companhia Vale do Rio Doce (RIO-NYSE/ADR) just bought Inco, and this is a great company for Cramer. He said the stock was beaten up for the acquisition of Inco, but he thinks it is highly accretive and it should have been bought instead of sold off. He also likes the cost containment they are doing, and he thinks the estimates are toolow for 2007. He said BHP & RTP are the stocks that are popular now with money managers, but he thinks money managers will turn this into a core holding soon. He isn't calling it a double, and investors need to know that it already has a $61.8 Billion market cap. He thinks there may be 1 or 2 months before the street switches its stance.
Jon C. Ogg
CVRD-Companhia Vale do Rio Doce (RIO-NYSE/ADR) just bought Inco, and this is a great company for Cramer. He said the stock was beaten up for the acquisition of Inco, but he thinks it is highly accretive and it should have been bought instead of sold off. He also likes the cost containment they are doing, and he thinks the estimates are toolow for 2007. He said BHP & RTP are the stocks that are popular now with money managers, but he thinks money managers will turn this into a core holding soon. He isn't calling it a double, and investors need to know that it already has a $61.8 Billion market cap. He thinks there may be 1 or 2 months before the street switches its stance.
Jon C. Ogg
posted by douglas mcintyre at 4:17 AM
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