The Great American Sellout - Cramer's Stop Trading! (7/15/08)

Recap of Jim Cramer’s comments on Stop Trading!  Tuesday July 15.

 Polaris (PII) CEO Thomas Tiller: Cramer wonders how a company that makes the ultimate discretionary product, snowmobiles, can beat its earnings in such a tough environment. Tiller says Polaris is constantly innovating, and relies on the quality and reputation of its product for continued success.

 American Sellout: Anheuser Busch (BUD), Clorox (CLX), Sprint (S), SK Telecom (SKM): While initially surprised by Belgian company InBev’s purchase of BUD, Cramer thinks many more American companies may be sold off, including Clorox. He pointed to SK Telecom’s plan to buy Sprint as yet another example of the growing tend of foreign takeovers.  

 

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Comments

[AmesTiedeman]

Why are you surprised? The dollar is in the tank. The FREE MARKET that everyone seems to love equals exactly what is happening. We have a 700 billion dollar trade deficit and the so called experts think the dollar should be strong???? Europe can buy us at a 50% discount!!!!! I am surprised we still have 50 states!!!!

[Kunst]

When you send $700B a year overseas, you can expect that money to buy things in America eventually. You want them all to buy subprime real estate and go to Disney World? Maybe they would rather have productive US corporations instead. A lot of us will wind up working for foreign-owned companies in the future.

[ritr54]

Cheap dollar, discounted future earnings, anticipated foreign purchases of US companies is about the only reason not to be 100% in cash or commodities (depending on ur risk tolerance).