BUH (BUHRMANN NV ADS)
This
stock is already up huge; I would have zero desire to buy ODP, until it comes
down, at least, out of the ionisphere!
Uh, but then I read through the
report. I actually do a little homework now and then. The report didn't
convince me to recommend buying ODP - no. Cramer be too disciplined for that
activity.
It did convince me though that Bill Sims, the analyst who wrote
it, must either be the bravest analyst on Wall Street, or must be positively,
unequivocally insane!
And I think I'm a good judge.
I know, my
favorite game on Mad Money is 'Break the Analyst' but, sometimes the analyst is
so courageous, and probably right, that all I can do is praise the guy. Uh,
Bill Sims, at Citigroup, I'm giving you a round of
applause!
Why?
Okay. Because this guy did something really
astonishing; something that analysts almost never do. He came out in this
report, and said that ODP will probably buy...
...Burhrmann NV (BUH)!
This is a
big Wall St. firm, Citigroup, saying that one co. will probably buy another.
That is an incredibly rare occurrence! It makes me want to buy, buy,
buy!
Normally, on this show, we do not speculate on takeovers - or at
least that's not usually my primary reason for recommending a stock.
But
listen, you need to take them very seriously when Citigroup suggests they might
happen. Now, it turns out, lucky for us, BUH sounds great!
Remember,
you're not allowed to speculate on takeovers unless the fundamentals are
improving. If BUH were a bad co. - if their margins were deteriorating - if
they were flatlining - if they were disappointing - no takeover will make you
money, so we stay away.
Now look, it's got a great franchise that could
logically be either bought by OfficeMax (OMX), or Staples (SPLS) if ODP doesn't bite.
Plus, Steve Odland, ODP's
CEO, who along with Eddie Lampert, turned around AutoZone (AZO), is a smart, innovative guy who would probably jump all
over BUH.
By the way, Eddie just moved up that report date for the Sears
(SHLD)(owned by Jim's charitable trust); hey, that could be positive.
Of course, it also
trades overseas. But Cramer going to be pimpin' it here at home, and
recommending the ADR on this one. Sure, it's thinly traded for my tastes and,
if you buy it after the bell, here's what will happen: you will pay up here,
and it's going to open up unchanged in the Netherlands, because you think they
watch Cramer's Mad Money? Oh, contrare pal. But Cramer be a patriotic man, and
he recommends the ADR (American Depository Reciepts).
The bottom
line!: When an analyst is willing to stick his neck out, and predict a
takeover, I think you should at least listen very carefully, if not jump on the
bandwagon right here and buy BUH!"



