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Non-Tech : Climate Change, Global Warming, Weather Derivatives, Investi
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From: Sam Citron4/17/2007 2:00:19 PM
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Green Day: Foster Wheeler (FWLT) and Shaw Group (SGR)

Cramer declared April 2, the day the Supreme Court ruled against the EPA for not regulating carbon emissions "Green Day," and announced his decision to devote a week-long series to environmental stocks. He believes this "landmark decision" will put a "higher multiple on everything green," and suggests buying FWLT and SGR. FWLT is "a leader in fluidized bed boilers," which create fewer sulfur dioxide and nitrogen oxide emissions. He added FWLT has a low multiple and predicts it will rise from $68 to $105. Cramer thinks nuclear is the best anti-global warming fuel and likes SGR because it "has a huge inside edge on nuclear projects in the U.S. and abroad," has recently won contracts and expects to attract more in the near future. Cramer concluded these stocks should make people some mad money in a few years.

seekingalpha.com summarizing Jim Cramer, Mad Money 4/16/07
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