Cramer's 'Mad Money Lightning Round': Walter Wows 'Em

Stock quotes in this article: WLT , PNRA , SBUX , AA , LMC , MA , DVN , VZ , HAL , LVLT  

Trump Entertainment(TRMP Quote): "There is so much firepower in Trump, it should not be far behind the Las Vegas Sands(LVS Quote) or the Wynn(WYNN Quote). ... Going to 25, 26."

Alcoa(AA Quote): "We are doing a triple sell on Alcoa. ... After restructuring, they can't get it right. And the price of aluminum isn't helping them. If you want to be in minerals, Lundin Mining(LMC Quote)."

Walter Industries(WLT Quote): "Too cheap, too cheap, too cheap. You get Walter Industries the homebuilder, you get an unbelievable coal company. ... Steel, too ... the ultimate value stock and I'm not backing away."

Level 3(LVLT Quote) 'Stock is going down, lots of people panicking. ... LVLT is the single best play on the shortage of bandwidth. I still think this stock could double in a couple of years. Why back away? Why not back up the truck?"

*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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At the time of publication, Cramer was long Halliburton.

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. Listen to Cramer's RealMoney Radio show on your computer; just click here. Watch Cramer on "Mad Money" at 6 p.m. ET weeknights on CNBC. Click here to order Cramer's latest 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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