Jim Cramer's Stop Trading! Bad Read

He urges dissidents to give up trying to change the New York Times.
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Dissident investors trying to force change at

New York Times Co.

(NYT) - Get Report

will fail because of the company's capital structure, Jim Cramer said on

CNBC's

"Stop Trading!" segment Wednesday.

"When you have dual classes of stocks, you can forget about it," Cramer said, referring to separate, supervoting shares owned by the family that controls the Times. "My advice to dissidents: Sell your stock."

Cramer praised

Blockbuster

(BBI) - Get Report

, which he said could be a beneficiary of store closings at rival

Movie Gallery

(MOVI)

. Cramer also said the company is "moving very aggressively to be a

Netflix

(NFLX) - Get Report

competitor."

"This one's done going down," Cramer said, adding that the stock reminds him of

Barnes & Noble

(BKS) - Get Report

when it was making its trough.

Cramer contrasted quarterly reports at

Citigroup

(C) - Get Report

and

Wells Fargo

(WFC) - Get Report

, saying the latter continues to harvest big revenue from its consumer division, while Citigroup flails.

Cramer said Citi's management ranks are dominated by legal minds. "They ought to get a banker in there," he said. "I would steal someone from Wells."

Lastly, Cramer predicted

Parker-Hannifin

(PH) - Get Report

will go to $100 after investors digest a conference call transcript that suggests its hydraulic business is bouncing back.

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

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