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Home | Top News | Jim Cramer - Bucyrus Worth $10 Billion

Jim Cramer - Bucyrus Worth $10 Billion

06 June, 2008 05:17:00 Thom Buschman
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Bucyrus International, Inc. (NASDAQ: BUCY) is up more than 4% in early afternoon trading Friday, after the Wisconsin-based mining equipment manufacturer’s CEO was interviewed on CNBC’s Mad Money Thursday.

With a following bordering on cult-like, when Jim Cramer talks people listen – and the big news is that Cramer thinks Bucyrus stock might double.

With the much publicized energy crisis in full-force, Bucyrus CEO Timothy Sullivan said “there’s no one” whose mining machines can excavate coal – as well as minerals such as copper – at the same pace as their machines. This technological advantage, combined with the ability of Bucyrus to pass on its increasing raw material costs effectively – have Cramer very bullish on the stock.

Cramer ended the segment in his typically blunt fashion: “You can’t bet from $5 billion to $10 billion without scoring a double. I am telling you to stick with Bucyrus.”
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