I just bought TSM about a half hour ago, Taiwan Semiconductor at $10.44 per share. I recommend that people follow my lead into this stock. I bought 26 shares. It's a company that's flushed with cash; it has enough cash to pay all of its liabilities as long as the firm is accurately reporting its financial information. I'm thinking that we should all get in.
TSM: Cash Flow for TAIWAN SEMICOND ADS - Yahoo! Finance Cash-Flow Statement
TSM: Balance Sheet for TAIWAN SEMICOND ADS - Yahoo! Finance Balance Sheet
I love this pick, especially since last night Cramer went against the stock in the lightning round. It got an A- rating from TheStreet.com so I guess his staff disagrees with him on this stock pick. I think that Cramer will recant later on this year when he actually takes a look at the financial statements of the company. Then again, stocks are about the future.