Jim Cramer

Jim Cramer says Invest in Oprah - DISCA - Discovery Holding

Here is what Jim Cramer said,
Stock recommendations he’s drawn from her show – such as Deckers Deckers Outdoor CorpDECK
maker of Ugg, which was up $25 today – have often been winners for Homegamers. Well, now she’s set to launch her own network in a joint venture with Discovery Holdings Discovery Holding CoDISCA
and Cramer thinks the stock’s a buy for that very reason.

But there’s more than that. This being Green Week here at CNBC, Cramer would be amiss if he didn’t point out that Discovery is rebranding Discovery Home Channel, and its 50 million subscribers, to Planet Green. DISCA’s already singed on Whirlpool, Waste Management and General Motors as advertisers. Cramer said he thinks Planet Green will ride this trend toward eco-friendliness right to the bank.

Cramer’s also mentioned that Discovery Holdings is finally initiating a much-needed restructuring. In the simplest terms, the move will make it easier to value DISCA, and put the holdings company in a better position to access its cable properties’ free cash flow.

Oh, and those cable properties are highly desired in the industry, Cramer said. So there’s also a chance DISCA could get a takeover bid.
oprah2.jpg

Discovery Holdings: It ain’t exactly a car. But consider it a gift from Cramer
disca-4-28-09.gif

IPI - Intrepid Potash IPO Soars 58% on NYSE

Wow nice opening day for IPI. I watched it run up all day and did not jump in. I will be buying this stock but I’m looking for a pull back.
ipi.jpg
This might be an exciting stock to buy and watch grow. Do your homework and check out the enormous stock gains this year by established public companies like Potash Corp. of Saskatchewan Inc. (POT), Mosaic Co. (MOS) and Agrium Inc. (AGU).

NEW HOT IPO - Jim Cramer Pick

Here is what Jim Cramer said tonight on his show about the new IPO - IPI

Know Your IPO
In this segment, Cramer recommended Intrepid Potash, the largest U.S.-based producer of potassium chloride that should come public this week under the ticker IPI.

“I’ve been recommending this agriculture group for years now, and I think I’ll keep recommending it for years,” Cramer said, adding that Intrepid Potash is the “next great way to play this theme.” Cramer said that the combination of worldwide drought and worldwide famine makes this the theme that just won’t quit.

Cramer said he has been behind Potash (POT - Cramer’s Take - Stockpickr), Mosaic (MOS - Cramer’s Take - Stockpickr), and Agrium (AGU - Cramer’s Take - Stockpickr) since Oct. 2005 because “the returns are so good they’re scary.”

Intrepid Potash will be the first western pure play on potash, Cramer said, and has lower production costs than Potash. “It’s an essential part of the agriculture bull market,” he said.

Cramer said that If Potash was a hot stock then, Intrepid Potash could be heading higher, but he would not pay more than $34 a share. “I think that Intrepid goes much higher than that, but if you’re trying to snap it up in the after market, you need a ceiling.”

He recommended trying to pick up the stock at its offering by going through Goldman Sachs (GS - Cramer’s Take - Stockpickr), Merrill Lynch (MER - Cramer’s Take - Stockpickr), or Morgan Stanley (MS - Cramer’s Take - Stockpickr).

“It worked with Visa (V - Cramer’s Take - Stockpickr), our last IPO recommendation, we think it’ll work again,” he said. cramer.gif