Jim Cramer's Stop Trading! Sweet Clorox

Cramer likes the breakup value.
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"Swap out of

Vonage

(VG) - Get Report

into anything," Jim Cramer said Friday on

CNBC's

"Stop Trading!" segment.

Cramer mocked the Holmdel, N.J., Internet phone company as its shares plunged 23% to a new low Friday on news of an injunction in a patent case with

Verizon

(VZ) - Get Report

.

"What a bunch of hucksters these guys are," Cramer said. "Where do they get this stuff?"

On a more positive note, Cramer sees hidden value in

Clorox

(CLX) - Get Report

and

ConAgra

(CAG) - Get Report

, both of which have new management and "can be broken up in a second," he said.

Cramer also sees breakup value in rail companies like

Union Pacific

(UNP) - Get Report

, which Cramer said is the biggest landowner in the nation, and

Norfolk Southern

(NSC) - Get Report

.

At the time of publication, Cramer was long Union Pacific.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for

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