The Secondaries Window Is Wide Open By Jim Cramer About this article: Who is taking advantage of whom? I am talking about the large numbers of secondaries that are being done to re-liquify the balance sheets of American companies. First, anyone who is against profligacy recognizes this trend for what it is: good old-fashioned capital-raising and deleveraging, so necessary if we are going to avoid mass bankruptcies like Lehman or Bear Stearns, both of which had ample opportunity to do these deals and didn't. More important, they are opportunities for you, if the merchandise is priced in the hole, to pick up a stock you might like. If you were a steel-backer during the dark old days a month ago, was there a better opportunity than to take advantage of the bad balance sheet and pension plan obligations of U.S. Steel to buy 23.6 millions shares at $25.50? You were up more than $10 on that one a... Or, call us at 1-866-321-TSCM (8726) Monday-Friday, 8 a.m.-6 p.m. ET. Outside the U.S. and in Canada, call 1-212-321-5200.

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