The management team for
came out last week and said things were going well at the company, Jim Cramer told a caller to his
"RealMoney" radio show Tuesday.
Because Cramer said he could only rely on what the business has been saying, he advised the caller not to bail on the stock, which he also owns for his charitable trust
Action Alerts PLUS.
Cramer said he could not remember
Johnson & Johnson
selling as cheaply as it now is.
He told a caller that JNJ has a pristine balance sheet, and Cramer recommended staying with it.
Cramer also said that if he didn't own drug company
for his charitable trust
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"It's a high-quality company, which should be owned by people looking for something in the medicine chest," he said.
Cramer advised unloading some
, the largest coal company in the world and a mineral supermarket.
The stock, which he owned for his charitable trust is under tremendous pressure, Cramer said, adding that he's glad he sold it because he doesn't like it as much as he used to.
Cramer does not believe that
is going out of business, he told a caller.
He believes that the company's competition is diminishing and that it still has a place in the industry, even with video on demand.
Although it might not be in a great place, Cramer said the stock should be trading at $5 or $6 -- not $4.
Blockbuster has made money the past two quarters, he said, adding that he blesses not an investment, but a trade on BBI.
Cramer told a caller that is it wrong that
went down. At a fabulous 17% growth rate, the stock is a bargain at $24, he said, advising the caller to pull the trigger right now.
Cramer told one caller that he believes that better times are ahead for
and told another caller to ride
for two weeks before letting it go.
a nice, safe investment.
Although Cramer said it wouldn't knock anyone's socks off, he believes Pitney will go up steadily.
"I would buy and stay focused on it," he said. "But don't get a feeling that it's going to skyrocket.
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.
At the time of publication, Cramer was long Schering-Plough and TD Ameritrade.
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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