Cramer's 'Mad Money Lightning Round': Public Storage Story

01/17/07 - 07:27 PM EST

TheStreet.com Staff

To see the full "Mad Money" Recap, please click here.


Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Wednesday evening:

"General Motors(GM Quote) is in a holding pattern. It can't do anything until the numbers start getting better. ... had they not lost Jerry York, the Tracinda guy, the stock would have gone to 40. Don'tBuyDon'tBuy."

Hertz Global(HTZ Quote): "Take the money and run. ... I don't want to be there."

IntercontinentalExchange(ICE Quote): "The ICE still does not melt. ... I do not understand why this stock is so strong, other than because it trades oil. ... Cramer likes NYSE Group(NYX Quote) more and gave ICE a Don'tBuy. He owns NYX for his Action Alerts PLUS charitable trust.

Altria(MO Quote): "This is not a show about politics; it's about making money. We've been making mad money in that name," said Cramer of Altria, which he called his No. 1 value stock. He owns it for his Action Alerts PLUS charitable trust.

Public Storage(PSA Quote): "This is a stock that we have liked ... The skies are just blue. This group's [pseudo-commercial real estate] in bull market mode and it's not about to stop ... Two thumbs up, way up." Cramer said the bears erroneously lumped commercial in with residental.

LoJack(LOJN Quote): "They missed the quarter. ... Here's my advice on LoJack. You gotta be a member of Triple A, that's a great organization."

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