Mad Money Recap

Cramer's 'Mad Money' Recap: Top Three Value Stocks for '07

 

Management needed time to break the company down and to fix it, the chief executive said. Six Flags had a transition year in which the company rebuilt its foundation, and it is continuing to do so, he added.

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"We've cleaned up our parks, put better employees on the ground," Shapiro said. "We reinvested money into fixing the operation." In addition, "the value of the underlying real estate is substantial," he continued.

Shapiro said people don't like Six Flags because they had a bad experience at the rundown parks. However, they need to understand that "it takes awhile to turn a ship like this around," he said.

"We are fixing it and marketing it better," he said. "We have a great team and are going to execute this year."

Cramer said he believes the stock is done going down and should go higher.

To view Cramer's interview with Mark Shapiro, please click here.

Lightning Round

Cramer was bullish on Chevron (CVX), Melco PBL Entertainment (MPEL), NYSE Group (NYX), eBay (EBAY), Simon Property Group (SPG), Northgate Minerals (NXG), Yamana Gold (AUY), Crystallex (KRY), Dell (DELL) and Wells Fargo (WFC).

Cramer was bearish on Exxon Mobil (XOM), Motorola (MOT), Nokia (NOK) and Hershey (HSY).

For more of Cramer's insights during the Lightning Round, click here.

Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.

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At the time of publication, Cramer was long Altria, Goldman Sachs and Halliburton.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on "Mad Money" are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

None of the information contained in "Mad Money" constitutes a recommendation by Mr. Cramer, TheStreet.com or CNBC that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the program. Mr. Cramer's past results are not necessarily indicative of future performance. Neither Mr. Cramer, nor TheStreet.com, nor CNBC guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the program. The strategy or investments discussed may fluctuate in price or value and you may get back less than you invested. Before acting on any information contained in the program, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. When that is the case, appropriate disclosure is made on the program and in the "Mad Money" recap available on TheStreet.com. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.

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