"The housing starts number was not so bad, but still, there is significant uncertainty about where exactly housing is headed. Cramer would buy CoreLogic (CLGX), since the company deals both with foreclosures and new mortgages. CLGX's business information services division, which produces half of its revenues, provides lenders with all the information they need. The company is a "natural hedge" because it has profits from both a bullish and a bearish housing market. If mortgages increase, so do CoreLogic's revenues, but 25% of its revenues come from foreclosures as well. The company has a data and analytics division which is a very stable source of cash. The stock is also cheap, trading at a multiple of 6."
He also went on to say this,"'Trading at a paltry six times 2011 earnings, Cramer said CoreLogic is a steal, especially since the company is under followed by Wall Street, leaving a lot of room for upgrades and new coverage initiations. "
Cramer found a stock that really makes sense in this market. Not the usual C A N D I E S lol,but stock I can really get behind. CLGX. I waited for the pullback, after the Cramer pump, and entered.Very happy with this stock, and entry.