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Jim Cramer's Stop Trading! Buy Viacom

Stock quotes in this article: VIA , VIAB , GSF  

Viacom (VIAB Quote) is "money in the bank," Jim Cramer said Friday on CNBC's Stop Trading! segment.

Cramer said Viacom reported a good quarter this week that was overshadowed by the hand-wringing over liquidity and subprime lending and the yen carry trade. But better yet, Cramer added, CEO Philippe Dauman admitted on the conference call that the first quarter is looking even better than the fourth quarter was -- a slip-up that Cramer said justifies buying the stock up 71 cents Friday at $39.28.

Cramer also likes Global Santa Fe (GSF Quote). He said CEO Jon Marshall was similarly nonplussed on a recent earnings call, after Wall Streeters ignored the offshore drilling company's strong fundamentals for the umpteenth time. ...

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