Investing

Return to Article

RealMoney Radio: Move on McGraw-Hill

TheStreet.com Staff

McGraw-Hill (MHP Quote) is a "phenomenal" diversified stock, Jim Cramer told a caller on his "RealMoney" radio show Wednesday.

He said it has the "best business model of any media company," and a great handle on the rating of bonds. Even up to nearly $67, Cramer recommends buying it.

When a caller asked about Charter Communications (CHTR Quote), Cramer said if the company is smart it will refinance its high-coupon debt and make its shareholders a lot of money.

But as much as he finds Charter interesting, he believes a better play in this area is Level 3 Communications (LVLT Quote).

Responding to another caller, Cramer said although he regards Novartis (NVS Quote) to be a good company, he cannot recommend it because there are two stocks he believes are more worth owning.

First, there is Johnson & Johnson (JNJ Quote), which he owns for his charitable trust, Action Alerts PLUS, Cramer told the caller.

He called it a "fantastic story," which has been wrongly beaten down because of bad stories about its stent business.

The other stock is Schering-Plough (SGP Quote), which he also owns for his charitable trust, Action Alerts PLUS.

He called the company's CEO Fred Hassan a "bankable guy," who is turning Schering-Plough around "brick-by-brick."

When a caller inquired about Companhia Vale do Rio (RIO Quote), Cramer told people to not even think about selling this stock.

"Don't sell it here," he said. "It is too darn cheap."

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.