Weyerhaeuser ( WY) is the biggest and best lumber company in the country, Jim Cramer told a caller on his
"RealMoney" radio show Thursday. It is at or near its 52-week low because the country is experiencing a housing glut, he said, adding that if we have a severe hurricane season that could change. However, Weyerhaeuser has one saving grace, Cramer said -- that it has a dividend which has a 4% yield. The stock has come down a lot, and he said he would not be ashamed or scared to buy Weyerhaeuser right now. Cramer believes Nabors ( NBR), which he owns for his charitable trust, Action Alerts PLUS , is finished going down and advised a caller not to lose heart. Business is good and natural gas is not going lower, he said. "It is way too cheap compared to other drillers," he said. Amazon.com ( AMZN) is too expensive, Cramer told a listener. He said he won't own it because it's too likely to go down. Bancolombia ( CIB) is the best bank in Colombia, which is a country that is pro-U.S., he said. However, the problem is that this market is so risk-adverse, that they are not willing to invest in a company that is located in Colombia -- even if it's good. Bancolombia could go back down to $20 before it rallies it again, he said. It could go three points down and five points up, he said. It was recently at $23.45. "We don't want Ford ( F)," Cramer told a caller who asked about it. Instead, he said General Motors ( GM) is way ahead of Ford in terms of restructuring and has made its balance sheet better. He recommended swapping out of Ford and into GM. CB Richard Ellis Group ( CBG) is a huge commercial real estate company, which is a sector that is en fuego right now, Cramer said.
That being said, Cramer believes the company has a structural problem - that it is run by a bunch of salespeople, he said. When a caller inquired about Norfolk Southern ( NSC), which is up 58% and seven points from its high, he advised the caller to wait until the stock goes to $47 before buying more. Norfolk Southern was recently at $50.33. He said he would be a holder, not a buyer, of the stock right now and told the caller he was in good shape with this play. Cramer called Dynegy ( DYN) a best-of-breed power generation company and told a listener to stick with it. He believes it is a $5 stock that could work its way to $7. Although Sirius Satellite Radio ( SIRI) has met projections and is much better company than it was, Cramer said because of XM Satellite Radio ( XMSR), there is too much competition in the area unless the two companies merge. Sirius is too speculative of a play, but Cramer said if he had to pick one from the two, he would pick Sirius. 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.