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"You need to seriously consider selling your casino stocks before they lose you even more money," Jim Cramer told viewers of his "Mad Money" TV show Thursday.
Worried about a serious downturn in the gambling industry, Cramer says he's putting casino stocks on the sell block. He was particularly bearish on
Las Vegas Sands
, which missed earnings estimates by 19 cents a share the last time it reported, and also on
He also recommends selling
, which sports a negative rating despite recently beating earnings estimates. Noting MGM is preparing to buy back a portion of its outstanding shares, he says he would use the opportunity to sell every share "before everything falls apart."
Cramer says casino stocks are propped up by high real estate values that are rapidly deteriorating. He also notes the increasing cost for travelers to go to Las Vegas, as gas and other commodity prices continue to rise. Overbuilding in Las Vegas is another problem because it's leading to an oversupply of casinos and other properties, he says.
Another major disappointment has been casinos in Macau, where estimates for growth in gambling revenue had been for 75% but may actually turn out to be as low as 40% to 45%.
All these points signal a serious industry downturn, leading Cramer to say now is the time to sell.
Wind River's Hidden Value
Wind River Systems
( WIND) as another beaten-down technology stock investors should consider.
Wind River, he says, recently partnered with
Open Handset Alliance to make embedded systems for cell phones running the company's new Android operating system.
In a bull market, Cramer notes, the market would be paying twice this level for news of that caliber. Plus, the company has other substantial deals in the pipeline, he adds.
Wind River, Cramer says, could also be a natural takeover candidate and fetch as much as $15 per share. With the stock down 33% from its recent highs, Cramer sees value in the stock.
One on One With Trump
In an interview, Cramer sat down with Donald Trump to discuss the markets, the economy and real estate.
Trump says that with the U.S. already in a recession, now may be the time to look for good deals in residential real estate. He says commercial real estate may struggle a little longer, as most banks are simply "out of business" and are not lending money for commercial projects.
Cramer Interviews Donald Trump
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Manhattan remains strong in Trump's eyes, but he is not sure how long that will last. In an area like California, Trump says deals can still be done, and now is the time when real estate fortunes are made. He sees opportunities to invest in real estate investment trusts such as
Trump says he is shocked that the Federal Reserve is not doing more, and believes Chairman Ben Bernanke doesn't have control of the situation. He advocates a full 100 basis-point cut to save the economy and get ahead of the curve.
Trump was also outspoken about the price of oil. He says the U.S. government hasn't put enough pressure on OPEC, an "illegal monopoly" that has the power to lower oil prices.
Cramer told viewers that it's still too early to get into these stocks:
( ABK) and
Cramer was bullish on
Procter & Gamble
Procter & Gamble
Cramer was bearish on
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