My Take On 3 Cramer Picks: Significantly Undervalued
In last Thursday's edition of Lighting Round on his Mad Money program, Jim Cramer was bullish on Kraft (KFT), ConocoPhillips (COP), Heckmann (HEK), Baidu (BIDU) and Devon Energy (DVN), while he was bearish on Nokia (NOK), Newmont Mining (NEM) and Sodastream (SODA). As always, I will only be analyzing his long ideas.As my analysis of COP and DVN was presented in recent articles, I will not be evaluating them as part of this effort. When I last analyzed COP, the stock had a fair value of $61 and traded at $77. The stock is expensive in my opinion. DVN is also overvalued trading at $77 with a fair value of $56. These analyses can be seen here and here. In this article, I will conduct relative valuation for the remaining three bullish picks and present my fair value estimates.Basic information on KFT, HEK and BIDU is presented inComplete Story »
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