'Mad Money Lightning Round': Schnitzer Steel's Sweet Spot
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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:
Schnitzer Steel (SCHN): "You know we like that one. That stock it up, they do scrap. That company is in the sweet spot, you stick with that one."Toyota Motor (TM): "No, you can't own any auto companies; there is too much disarray there. Everybody is having a hard time and I can't recommend any of them." TJX Companies (TJX): "I like TJX. They're executing. They're doing a good job. I like them and Urban Outfitters (URBN) and I'm not backing away." eBay (EBAY): "No, Ebay is up on a spike. That company is not well run well enough to buy when it's up. You have to wait for a pullback." Rofin-Sinar Technologies (RSTI): "I think the industrial side of lasers is the way to go. I like this one." Companhia Siderurgica Nacional (SID): "Oh man, we recommended this one a long time ago. Let me reiterate my buy right here." Iowa Telecommunications (IWA): "No, this is one of those telephone companies, only without the growth. I only like AT&T (T) and Verizon (VZ)." American Capital Strategies (ACAS): "I keep thinking I should recommend this one for its yield, but I think this is a tough one in a recession." Lockheed Martin (LMT): "Oh jeez, why is this one not at a 52-week high? I think you have 10 points coming there. That's a well-run company." Eagle Bulk Shipping (EGLE): "No, I'm going to recommend Frontline (FRO)." Triple-S Management (GTS): "I think this one is a real buy. I think they're a great situation." Bare Essentials (BARE): "No, no. I do not like this one. It crashed and burned. I don't want you in that one." *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.
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