Jim Cramer got another one right on his show Mad Money. Several weeks ago, Cramer made the case for Six Flags (NYSE: SIX), basically as a real estate play. Well, Six Flags is selling 7 parks and there stock is up a quick 9% this morning. As I recall, his thesis was basically this: The company stinks, but they are sitting on a gold mine of real estate worth more than the company itself is valued, therefore the stock is cheap.
--Chris
Comments[0]
Posted by kernsc on January 11, 2007 11:51:17 AM CST
Note that comments are moderated (due to a worthless spam filter), so there will be some delay between the time you post a comment and when it appears.
