Jim Cramer's Stop Trading! Buy Viacom

Cramer says the stock is money in the bank given management's comments about the current quarter.
Publish date:


(VIAB) - Get Report

is "money in the bank," Jim Cramer said Friday on


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


. 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.

Cramer said Marshall's message was "I've had enough -- we're making the most money we've ever made and we're still being ignored." Cramer said the stock should rise from a recent $57.

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

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