Jim Cramer Says Key Takeaway After Berkshire Hathaway Weekend: Sell Valeant

The key takeaway from the Berkshire Hathaway annual meeting said TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is vice chairman Charlie Munger's comment that Valeant (VRX) turned out to be a 'sewer'. 'There is no real takeaway other than to sell this stock,' says Cramer. He added that Buffett's suggestion about not competing against Amazon (AMZN) - Get Report and yet owning a big position WalMart (WMT) - Get Report was a head scratcher.

At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.