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April 18, 2006

'Break the Analyst'

WPSC  (WHEELING-PITTSBURGH CORPORATION )


This is a game where we find an analyst who we think is totally wrong about a stock; an analyst who's incorrect opinion is losing you money.

Then, I use persuasive arguments to convince the analyst to change his or her minds to get the stock right.

'Pittsburgh Steal'

The stock is WPSC  (WHEELING-PITTSBURGH CORPORATION ).

May I just say that this is the worst house in a great neighborhood: Which is steel!

Steel - man, what a contingent.  All the other steels are on fire!

The only one that just sits there - that seems to be just flatlining - is WPSC!

There's only one analyst on it:  she's at UBS, her name is Timna Tanners.   Her opinion is that it's a sell.

Speculation on a possible acquisition of WPSC: Barron's - who doesn't particularly like Cramer - published a piece that said it should sell somewhere in the mid 50s.

Obviously, it won't go for that much now.  But, if it sells for twice book value - not that expensive, that's what they're going for - WPSC, the 6th largest steel producer in America, could sell for $40!   Holy cow!  Doing a 'mon-back.

The bottom line!:   I think steel goes higher.  I think the UBS analyst changes her mind, because she be wrong, and that WPSC could make you some mad money! 

Lightning Round 

Pittsburgh Steal  The stock is WPSC  (WHEELING-PITTSBURGH CORPORATION ).

Jet Set   A look at Brazillian airline GOL  
(GOLLINHAS AEREAS INTELIGENTES ).

Mea Culpa   A look at
ARDI  (@ROAD, INC. ).

Beating the Racket - A conversation with Herb Greenberg.

NASDAQ vs. NYSE-A very brief look at the difference between the NASDAQ and the NYSE (by the editor)


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