RealMoney Radio: How to Do Disney

Cramer says that the stock's a buy when it pulls back to $31.
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Disney is a "terrific buy when it pulls back to $31," Jim Cramer told a caller on his

"RealMoney" radio show Friday.

"It is a pullback that must be bought," he said.

The company's theme parks and TV are performing well, but as Disney is up significantly, Cramer advised people to wait for a pullback and then buy the stock.

Responding to his next caller,

Caterpillar

(CAT) - Get Report

is bottoming, Cramer said.

However, there are still six months to go before this stock starts making people money, he said. Cramer recommended staying away from the stock for now, but said it is definitely in the process of bottoming.

When a listener inquired about

Garmin

(GRMN) - Get Report

, Cramer commented that the company's conference call was "somewhat glib," given the worries that so many market players had about the stock.

That is why he said he was "queasy" about recommending the stock; he believes there is something wrong with it.

Much of what Cramer told a caller about what he liked about

AT&T

(T) - Get Report

was its coming merger with

BellSouth

(BLS)

.

Although he believes that the deal will still close, it hasn't happened yet because of regulation.

"The upside is capped unless Congress sees the error of its ways and lets this deal go through," Cramer said.

Until the deal closes, which it will, he doesn't believe that people will see much upside.

Las Vegas Sands

(LVS) - Get Report

is "a stock people want to own because they know that Macau is gigantic," Cramer told another caller.

However, because LVS has gone up too much, Cramer won't touch it right now.

When a caller asked about

Vornado Realty Trust

(VNO) - Get Report

, Cramer called the company's CEO Steven Roth "one of greatest real estate investors of all time."

Vornado is "a multiyear story," he continued. "I would not sell it."

Cramer said he would buy 25 out of 100 shares now and wait for the stock to come in to buy the rest.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

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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