Jim Cramer's Stop Trading! Burke's Kids
Six Flags
(SIX) - Get Six Flags Entertainment Corporation Report
is a damaged brand, and investors looking for exposure to theme parks should swap into
Cedar Fair
(FUN) - Get Cedar Fair L.P. Report
, Jim Cramer said on
CNBC's
"Stop Trading!" segment Friday.
Cramer said he was appalled to learn that part of Six Flags' travails have included "loitering teenagers" at its parks.
"Suddenly I can't go there," he said. CEO Mark Shaprio, who took over for Kieran Burke late last year, "better learn this isn't ESPN; this is dads and moms trying to decide if they should go to that theme park." Cedar Fair, meanwhile, "has much better numbers, and I don't think they have the loiterers, smokers and security-problem people."
In the health maintenance space, Cramer said he senses that sentiment is finally stabilizing around
Cigna
(CI) - Get Cigna Corporation Report
and, to a lesser extent,
UnitedHealth
(UNH) - Get UnitedHealth Group Incorporated (DE) Report
TheStreet Recommends
.
"Things are bottoming," Cramer said, citing new research by Goldman Sachs. As evidence, he pointed to light admissions at hospital operator
Health Management Associates
(HMA)
. "Remember, when hospitals have fewer admissions, that boosts the bottom line of HMOs."
Cramer mentioned
Gammon Lake Resources
(GRS)
as a possible short-term trade, citing out-of-the-money options activity as evidence "something is going on."
"This whole group is making a comeback," Cramer predicted, although the upside would be more like K-2 than Mount Everest. "K-2 is a nice hike."
At the time of publication, Cramer was long UnitedHealth.
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