Cramer Picks Price is Right
On June - 26 - 2009
Jim Cramer said recently at the right price, even an unattractive stock can be a buy. Examples he gave were Bank of America and Sprint, which were both priced for bankruptcy. Cramer pointed out that those who bought these stocks precisely because they were so low have made a big profit. Cramer also told viewers to be on the lookout for secondary offerings, many of which are at a 10% discount to the actual stock price. Cramer is glad he changed his mind about Advanced MicroDevices, not because of improving fundamentals, but because of its falling stock price.
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