Hershey's House of Pain - Cramer's Lightning Round (6/19/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday June 19.

Bullish calls:

Wal-Mart (WMT): "I only like Costco…I like Wal-Mart … I like TJX and I like Urban Outfitters."
Costco (COST), TJX Companies (TJX), Urban Outfitters (URBN)
Qualcomm (QCOM): "…buy, buy, buy. It's going higher... congratulations, you go it, and I missed it."
General Steel (GSI): "I like the steel business in general."
United States Steel (X), Reliance Steel (RS)
Gran Tierra Energy (GTE): "I don't want you to run for the exits... Buy some more if it goes under $7."

Bearish calls:

GeoEye (GEOY): "It missed the quarter, we're not there. High resolution imaging satellite...no dunka... sell, sell, sell."
Hershey Foods (HSY): "I see a house of pain for HSY. I am not going to recommend that stock."
Sears Holding (SHLD)
Dana Holding (DAN): "I don't like that whole business of Automobile parts."
American Capital Strategies (ACAS): "In the end it's a financial that owns very difficult companies to be able to make a lot of money in right now. It's very, very high risk. The dividend sounds almost too good to be true. I don't like the stock "

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Comments

[fxtrader07]

of course cramer doesn't like acas. his hedgefund buddies (e.g. einhorn) are short the stock and will love hat jimmyboy talks it lower.
you can almost bet that a large chunks of jimbo's buy and sell recommendations are helping his friends out there either to dump or to buy on the cheap
CRAMER ADDS ZERO ALPHA TO ANYONE's PORTFOLIO WITH HIS CRAP.
But he has friends at SA, obviously - for otherwise I don't see why he is regularly featured here. It#s certainly the lowest-value section of SA.
That said, I am outta here. any more second spent on Cramer is a second wasted

[jjason]

I don't like Cramer either. His show is just entertainment ( if you like his kind of entertainment ). I don't watch his show.

I disagree about cramers's view of ACAS. First, ACAS has a debt to total equity ratio less than 1. The dividend is now $1.04 per share per quarter and secure through 2009. Tangible book value is $28.16. The company is well managed.

I would rather own ACAS than some of the homebuilders, I-Banks and the banking industry in general. I have made money in ACAS over the past three years.

Long ACAS

[madmilker]

Let me be the first to say...Tennessee Gov. Phil Bredesen is a very smart person. Why would anyone want to give the "blueprints" of the 50 State Capitol Buildings to a 5 & 10 cent store from the Ozarks! Oh! lets not forget that the Walton estate owns millions of shares in company's like First Solar. People in America need to realize jus what got America in this shape..."cheap&qu... yes so-call cheap items from a foreign land and now the largest company in America wants to make everything "green" but at the same time they put 95% made in China in their stores in China and support Chinese export...don't take my word...its on their China web page...

quote*Wal-Mart firmly believes in local procurement. We recognize that by purchasing quality products, we can generate more job opportunities, support local manufacturing and boost economic development. Over 95% of the merchandise in our stores in China is sourced locally. We have established partnerships with nearly 20,000 suppliers in China. *end quote!

Now! if there be 182 country's making items for the world to buy and they have only 5% of the pie in China...duh! This company makes the nice people of China support their currency(yuan) by keeping it in their country working for the people there.... but with the "yuan" going up in value and the US dollar going down...all the foreign items that the American consumer buys thinking it is cheap has went up in price. People...its all about the currency and to keep a currency strong you got to keep it floating around the country you live in so it can work for you. For the past 12 years all them US dollars are being shipped overseas to a foreign bank and with the American worker not making anything for the foreigner to buy the "we the people" have to turn to the "second" largest employer in America(Uncle Sam) to sell "we the people" debt in order to get all them dollars back! 50 years ago a foreigner would had given their left nut for a US dollar or a Hershey's chocolate bar and today the same foreigner has got Uncle Sam and the American consumer by both all the while Hershey is moving the chocolate factory to Mexico.

Wakeup! America and think "MADE IN AMERICA" and put the word Washington back in D. C.....Washington had been reelected unanimously in 1792. His decision not to seek a third term established a tradition that is now embedded in the 22d Amendment of the Constitution. Read his Farewell Address of Sept. 17, 1796 and think American made for a change.

[daveh]

If Cramer thinks ACAS is a bad stock, he has not one brain cell in his head!! Look at the facts of the stock...extremely well managed and has a HUGE dividend, plus other positives mentioned above. He would be crazy not to own this stock!!

[bill d]

madmilker - Excellent - I can assume the nuts and the Hershey bar did not refer to almonds !
I know I'm getting old and senile but do I not remember all the flag waving and bragging about "Made in America" advertising by Sam Walton a few years back ? Then all of a sudden (it seems) damn near everything in WMT is from China ?
WTF.

[bill d]

I guess I don't know how to read a chart when it comes to ACAS - sure don't look like no winner to me !

[bill d]

But it does have a nice dividend abd might be fun for options play - pretty cheqp but thinly traded.

[The RealExpert]

The best thing you people can do to start getting value from ths site is to email Seeking Alpha and tell them you are banning the site until they stop covering this market pumper Cramer. No credible experts will ever post here or stay long once they realize SA has become a cheeseball site. Take a look at their "partners"

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Get-rich quick ads, similar to the messege being delivered by Cramer and CNBC. If the SEC wasn't being paid off by Wall Street, Cramer would be in prison and CNBC would be shut down.

Only YOU can force the media to start telling the truth, stop lying to investors, amd stop creating a casino mentality. CALL or WRITE IN and DEMAND CHANGE. AND Tell SA that you refuse to read any site that supports a stock pumping clueless idiot like Cramer who is wrong much more than he is right.

[ForecastS.Com]

Out of curiosity, I took a look at ACAS.

The stock is NOT bearish, but mildly bullish.

The near-term upside is about 3%, or 2,8% to be more exact.

See: ForecastS.Com

Personally, I think it is unlikely to be profitable selling or selling short ACAS at its current price levels.

But obviously, Cramer doesn't know that.