Jim Cramer's Stop Trading! Sweet Clorox

Stock quotes in this article: CLX , NSC , UNP , CAG  

"Swap out of Vonage (VG Quote) into anything," Jim Cramer said Friday on CNBC's "Stop Trading!" segment.

Cramer mocked the Holmdel, N.J., Internet phone company as its shares plunged 23% to a new low Friday on news of an injunction in a patent case with Verizon (VZ Quote).

"What a bunch of hucksters these guys are," Cramer said. "Where do they get this stuff?"

On a more positive note, Cramer sees hidden value in Clorox (CLX Quote) and ConAgra (CAG Quote), both of which have new management and "can be broken up in a second," he said.

Cramer also sees breakup value in rail companies like Union Pacific (UNP Quote), which Cramer said is the biggest landowner in the nation, and Norfolk Southern (NSC Quote).

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At the time of publication, Cramer was long Union Pacific.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. Click here to order Cramer's latest book, "Mad Money: Watch TV, Get Rich," click here to order his book, "Real Money: Sane Investing in an Insane World," click here to get his second book, "You Got Screwed!" and click here to order Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column by clicking here.

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