Wednesday, September 28, 2005

What's in a Name?

The famous Jim Cramer wrote, at http://www.thestreet.com/funds/realmoneyradiowrap/10244670_2.html , that "people are selling companies that need a strong economy to do well, like the chemicals, paper, steel, heavy machinery and homebuilding stocks.". He wrote later in the same article that he " would recommend Permian Basin Royalty Trust (PBT). A similar investment Cramer likes even more is Fording Canadian Coal Trust (FDG) because he thinks coal will go up more than natural gas.".

Unfortunately, Fording's holdings are not in thermal coal, but in metallurgical coal. Their value doesn't correlate with natural gas, but with the steel industry.

It makes you wonder.

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