Cramer's 'Mad Money Lightning Round': Pocket Jakks

01/16/08 - 07:03 PM EST

TheStreet.com Staff

To see the 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" Wednesday evening:

Countrywide (CFC Quote - Cramer on CFC - Stock Picks): "There really is nothing left of Countrywide. ... It's over like E*Trade (ETFC Quote - Cramer on ETFC - Stock Picks) it's over. ... I'm sorry."

Yamana Gold (AUY Quote - Cramer on AUY - Stock Picks): "Yamana Gold down a dollar is better than Countrywide down 18 points."

Gigamedia (GIGM Quote - Cramer on GIGM - Stock Picks): "Here's the problem. People don't want this kind of stock in this environment. ... You seem like a patient man. ... You're going to need Job-like patience, not Steve Jobs-like patience."

True Blue Industries (TBI Quote - Cramer on TBI - Stock Picks): "This is a Muhammad Ali stock. ... True Blue can run but it can't hide. ... We got too many people looking for jobs in this country [to get into a] temporary services company."

Jakks Pacific (JAKK Quote - Cramer on JAKK - Stock Picks): "That's my toy company that I like. ... BuyBuyBuy."

Fortune Brands (FO Quote - Cramer on FO - Stock Picks): "[Former CEO] Norm [Wesley] retired. Maybe that's the problem. It's got liquor, it's got cabinets ... I need to hear from the company. ... Let's call the company and find out why it's at its 52-week low."

Taseko Mines (TGB Quote - Cramer on TGB - Stock Picks): "I got enough problems with all the other copper stocks. ... No one's going to buy a copper stock until we start reinflating. ... People are saying we're going into a recession, so that's a very difficult stock."

Oracle (ORCL Quote - Cramer on ORCL - Stock Picks): "Oracle competes directly with BEA (BEAS Quote - Cramer on BEAS - Stock Picks) in what's known as middleware. ... They can fire all the salespeople from BEA. ... I think it was a shrewd purchase -- the stock went up."

Companhia de Saneamento Basico do Estado de Sao Paulo (SBS Quote - Cramer on SBS - Stock Picks): "I like Brazil. ... This is the Brazilian water company. ... I'll endorse that. ... I think that SBS is a buy."

*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 by clicking here.

At the time of publication, Cramer had no positions in any of the stocks mentioned.

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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