Jim Cramer's Stop Trading! Vonage Villains

03/09/07 - 02:58 PM EST

TheStreet.com Staff

Vonage (VG Quote - Cramer on VG - Stock Picks) is "revolting," but Jim Cramer said Friday on CNBC's Stop Trading! segment that he can "guarantee it will stop going down at zero."

Cramer said Vonage, off 17% Friday after a patent loss to Verizon (VZ Quote - Cramer on VZ - Stock Picks), exists as a reminder that it's possible for execs with a lousy business to "beat the public nine ways to Sunday" if they can just get an IPO out the door. Vonage now fetches $4, down from its IPO last May at $17.

Cramer likes a Merrill Lynch call on ITT (ITT Quote - Cramer on ITT - Stock Picks) going to $100 from a recent $61. He said he prefers not to mix politics with stock picking, but "I do support clean water."

At the time of publication, Cramer had no position in stocks mentioned.

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