Mad Money Lightning Round OT: Cramer Likes Retailers (LPHI, PBI, TGT, COST, RTH)
On CNBC's Mad Money Lightning Round OT, Jim Cramer said that he doesn't believe in the secondary market for insurance. He thinks that investors should not buy Life Partners Holdings, Inc. (NASDAQ: LPHI), but he invited the management of this company on the show to explain him why should he buy this stock. Life Partners Holdings, Inc. (LPHI) gained 2.08% today, and closed at $18.64.
Cramer thinks that Pitney Bowes Inc. (NYSE: PBI) does have the cash flow to maintain its dividend, but he is not happy with the quality of earnings. He is worried that PBI won't be able to pay its dividend, and wants to talk to the management of this company before he makes a decision. Pitney Bowes Inc. (PBI) fell 0.77% today, and closed at $22.01.
Jim Cramer is bullish on Target Corporation (NYSE: TGT) and other companies in the space. He doesn't like the new format of TGT stores, but he thinks that the holiday season will be good. Cramer thinks that Costco Wholesale Corporation (NASDAQ: COST) is better than Target (TGT), and he also likes Retail HOLDRs (ETF) (NYSE: RTH).
