"Kirk Kerkorian is a rich man. No one's in trouble who's that rich," Jim Cramer said on
"Stop Trading!" segment on Tuesday. "But he doesn't want to lose his
"MGM is a good company," Cramer said. "Vegas is horrible. Just look at these stocks!" He said MGM's chart is "the worst chart I've ever seen!" Though he admitted this was an exaggeration, he pointed out the huge decline in the stock, which has fallen from more than $90 over the past year to around $14.50 this afternoon.
, which Cramer owns in his
charitable trust, Cramer said he was glad that the company has suspended its stock buyback and kept its dividend. It "should keep that dividend," Cramer said. "The dividend's what we want."
Cramer acknowledged that he still doesn't love
, but he said it's time for people to stop shorting it. "Everybody just wrote this company off. Lew Frankfort is a great business man," he said. "He's better than
. We should stop shorting Lew Frankfort."
At the time of publication, Cramer was long Freeport.
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