Cramer's 'Mad Money' Recap: Misery Loves Usury

03/08/07 - 07:57 PM EST

TheStreet.com Staff

AT&T for the Long Distance

Cramer welcomed AT&T (T Quote - Cramer on T - Stock Picks) CFO Rick Lindner to the show and asked him how the company is able to build out its network, put more money into AT&T Wireless and increase its dividend, all at the same time.

"First of all, we've done three large acquisitions in the past three years," which have given the company "tremendous opportunities for merger synergies," Lindner responded. "And those synergies are driving double-digit growth."

On top of that, AT&T is not just a cost reduction story, he went on to say. The company also has "some exciting new products coming" and great growth in wireless and data services.

Cramer said that although he does not often recommend long-term stocks, he thinks people "can buy AT&T and put it away." He advised people to buy it because it has a "great" yield and is a "well-run" company.

To view Cramer's interview with Rick Lindner, please click here.

Sudden Death

During the show's "Sudden Death" round, Cramer was bullish on Ceradyne (CRDN Quote - Cramer on CRDN - Stock Picks), Union Pacific (UNP Quote - Cramer on UNP - Stock Picks) and Goldman Sachs (GS Quote - Cramer on GS - Stock Picks); he owns the last two for his charitable trust.

He was bearish on Jefferies (JEF Quote - Cramer on JEF - Stock Picks) and Force Protection (FRPT Quote - Cramer on FRPT - Stock Picks).

Lightning Round

Cramer was bullish on Saks (SKS Quote - Cramer on SKS - Stock Picks), Sprint Nextel (S Quote - Cramer on S - Stock Picks), GlobalSantaFe (GSF Quote - Cramer on GSF - Stock Picks), Transocean (RIG Quote - Cramer on RIG - Stock Picks), Halliburton (HAL Quote - Cramer on HAL - Stock Picks), Logitech International (LOGI Quote - Cramer on LOGI - Stock Picks), Dean Foods (DF Quote - Cramer on DF - Stock Picks), Genzyme (GENZ Quote - Cramer on GENZ - Stock Picks), Gilead (GILD Quote - Cramer on GILD - Stock Picks), Celgene (CELG Quote - Cramer on CELG - Stock Picks), Walter Industries (WLT Quote - Cramer on WLT - Stock Picks), Baxter International (BAX Quote - Cramer on BAX - Stock Picks), Bard (BCR Quote - Cramer on BCR - Stock Picks), MasterCard (MA Quote - Cramer on MA - Stock Picks), Emerson Electric (EMR Quote - Cramer on EMR - Stock Picks), Parker Hannifin (PH Quote - Cramer on PH - Stock Picks), Illinois Tool Works (ITW Quote - Cramer on ITW - Stock Picks), Vail Resorts (MTN Quote - Cramer on MTN - Stock Picks) and Regal Entertainment (RGC Quote - Cramer on RGC - Stock Picks).

Cramer was bearish on Global Industries (GLBL Quote - Cramer on GLBL - Stock Picks), RF Micro Devices (RFMD Quote - Cramer on RFMD - Stock Picks), Acorda Therapeutics (ACOR Quote - Cramer on ACOR - Stock Picks), Research In Motion (RIMM Quote - Cramer on RIMM - Stock Picks), ExpressJet (XJT Quote - Cramer on XJT - Stock Picks), Bristol-Myers (BMY Quote - Cramer on BMY - Stock Picks), Pioneer Drilling (PDC Quote - Cramer on PDC - Stock Picks) and Take-Two Interactive (TTWO Quote - Cramer on TTWO - Stock Picks).

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


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

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At the time of publication, Cramer was long Goldman Sachs, Halliburton, Transocean and Union Pacific.

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."

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