Cramer's 'Mad Money Lightning Round': Bouquets for Brocade
To see the most recent 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" Monday evening: Boston Scientific: "At 22, management pressured me to go more positive on it. I relented on that pressure" and the stock is still at 22. Audible: Cramer said he's been negative on the stock since it was at 16. It closed at $11.76 today. Google: "I think Google is kind of caught right here. ... As long as there's so much competition, it's shrouding the story. It's still going to earn $10 a share and deserves the 60 multiple." Broadwing: "I like the Broadwing. ... I would do some schnitzeling." Nordic Am Tanker: "I think you go out. It's not levered to oil prices. It's levered to tanker rates." Rackable: "The kind of company the big dot-coms need to be able to make this stuff work faster." Applied Materials: "In the end you are still levered to Intel, which is levered to Dell, which means ixnay on the AMAT-way." Rite-Aid: "This is slow and steady wins the race. I refuse to back away from this. I think this company is terrific." Vasco Data: "I have found it difficult to get my arms around. But he [Will Gabrielski, Cramer's research associate] gives it a thumb up, so it's good." Stanley Works: "You come to me with second-best of breed?" Brocade: Cramer says it will have its first upside surprise since the second quarter of 2000.
Lightning Round
Cramer was bullish on General Motors(GM Quote), Google(GOOG Quote), Yahoo!(YHOO Quote), Broadwing(BWNG Quote), Level 3 Communications(LVLT Quote) Qwest Communications(Q Quote), Rackable(RACK Quote), Rite-Aid(RAD Quote), Regal-Beloit(RBC Quote), Vasco Data Security International(VDSI Quote), Black & Decker(BDK Quote) and Brocade(BRCD Quote).
Cramer was bearish on Boston Scientific(BSX Quote)
Audible(ADBL Quote),
Nordic American Tanker Shipping(NAT Quote),
Applied Materials(AMAT Quote)
and
Stanley Works(SWK Quote).
*For all you home-gamers, a 'mon-back opportunity means Cramer would back up the figurative truck and load up on a stock.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by clicking here.
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