The money is in foreign firms buying U.S. companies, Jim Cramer said on CNBC's Stop Trading! segment Monday. Arab and Chinese firms buying up American companies is not a bad thing, Cramer said. "We have to stop being so parochial. If the Chinese want in, fine." Cramer pointed out the jobs provided by such foreign firms as Toyota ( TM) and Honda ( HMC): "Better to do it here than there," he said. Philips Electronics' ( PHG) $2.7 billion purchase of Genlyte ( GLYT) is one foreign buyout that has benefited shareholders. "Cash is king," Cramer said. Other than Celgene ( CELG), few American firms have paid the kind of money seen today, when Philips, based in the Netherlands, exploited a strong euro to offer a 52% premium over Genlyte's Friday closing price. Cramer also pointed out that LSI Industries ( LYTS) is another candidate for a buyout after reporting a "great quarter." Rockwell Automation ( ROK), a "behind-the-scenes real estate" company that looks "boring" on the surface has been producing "un-boring" results, Cramer said. He also said viewers should look for purchases by BASF and Nestle. "There's a lot of little companies" that are ready to be bought, He said. Olin ( OLN), for example, "would be a natural fit for BASF." Cramer urged viewers to stay away from Garmin ( GRMN) in this tough market. "Garmin is becoming more of a commodity," Cramer believes. "I'd sell the stock ... too many people nipping."
