Cramer's Lightning Round - Chipotle: Who Needs Overpriced Burritos? (1/9/09)

by: Miriam Metzinger

Stocks discussed in the lightning session Jim Cramer’s Mad Money TV program, Friday January 9.

Bullish Calls:

Kraft Foods (KFT): “I like the dividend, I like [he CEO] Irene Rosenfeld…macaroni and cheese is on fire..I want you to buy and every time it goes to $25, I want you to buy more.”
Quanta Services (NYSE:PWR): “I think this is such an Obama play and I am amazed others are not wise to them… it is a grid play…the only one that makes money from Obama talking about improving the grid is Quanta…this stock was wrecked by hedge funds gone wild.”
Andarko (NYSE:APC): “Andarko is the best and the cheapest.”
McDonald’s (NYSE:MCD): “Show some horse sense, buy MCD not Chipotle.”

Bearish Calls:

SPX (SPW): “You need the economy to get a bit stronger for that company. The economy is killing that stock…I’m on the sidelines. SPW doesn’t’ have that good dividend to protect it.”
Chipotle (NYSE:CMG): “No, come on…a high, expensive, fast food company, when I’ve got McDonald’s flirting with $60.”
Crosstex Energy (XTXI): “I don’t trust the dividend…this is a red flag dividend. If you are going to buy natural gas…Andarko is the best and the cheapest…the others, I don’t like them… the raggedy rest.”
Walgreen (WAG): “No, no…come on man. They were in that bidding war with CVX…the whole drug business is going to Hades. WAG at $26 is sell, sell, sell.”
Pre-Paid Legal (NYSE:PPD): “supposed to be very recession resistant…I’ve never gotten excited…I think the business model is questionable…I say don’t buy.”
Ingersoll Rand (NYSE:IR): “ No, no the quarters going to be bad… …I think people will be surprised by the quarter and you will be able to buy it at $16.
AK Steel (NYSE:AKS): “I cannot buy AK Steel even at $11…it does not intrigue me…I think they are going to have a problem making the quarter. All the steel stocks have run up too much. I don’t want you touching that.”
Allied Capital (NYSEARCA:ALD): “What an opportunity to sell, sell, sell. I think you got that lift and you gotta take it. The last thing you need is a leveraged financial.”

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