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Here's what Jim Cramer had to say about some of the stocks that callers offered up during the "Mad Money Lightning Round" Tuesday evening:
Smith & Wesson
: "A cold stock ever since the federal government gave them blanket immunity. ... Take a little off the table."
: "We are not arbitragers. ... I need you to get out ahead of time. You need to ring the register."
: "Doing great. I actually think this $29 stock is worth $60." But Cramer said it won't go straight up and could go to 25 first. Cramer owns Halliburton for his
Action Alerts PLUS charitable trust.
Sirius Satellite Radio
: "Somebody launched a bear raid against Sirius today
with rumors that Howard Stern would return to regular radio. ... Mel
CEO Karmazin himself is assuring me that that is not going to happen ... This stock is going to trade 3-4, 3-4, until Mel picks up the phone
about a merger."
New Century Financial
: "That dividend is not without risk. ... It is a riskier stock than you realize because they are doing some second mortgaging. I say you're right, they're wrong. I'll bet with you."
: "I pulled the trigger for my charitable trust at $25.38. ... Enough is enough" negative sentiment on Yahoo!.
is a good situation that yields 12%, but it's levered to tankers, Cramer said. "That dividend is suspect. Don'tBuyDon'tBuy."
: "Do you mind if we stay with best of breed?" Cramer recommended
International Game Technology
, which he owns for his charitable trust.
Want more Cramer? Check out Jim's rules and commandments for investing from his latest book by
At the time of publication, Cramer was long Halliburton, International Game Technology and Yahoo!.
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