Cramer's Lightning Round - Smack, Smack, Smack Black and Decker (1/30/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday January 30.

Bullish Calls:

Molson (TAP): “We are going to go with name brand here….we are going with Molson Tap at $40.”
Terra Nitrogen (TNH): “…has been a really fabulous performer in 2009…it’s got that yield…it passes on the dividend…I want you to be in TNH, not Agrium, not Mosaic and not Potash.”
Hormel Foods (HRL): “I like Hormel as a trade down.”
American Italian Pasta (AIPC): “I’ve been looking at AIPC (as a trade down play).”
RalCorp (RAH): “I like RalCorp best as a trade down play.”

Bearish Calls:

Black & Decker (BDK): “Smack, smack, smack Black and Decker…Holy Cow they cut that thing down by a third… it’s still got a good dividend. It’s got the cash flow…it is incredible.”
Time Warner (TWX): “Think again, partner. Sell, sell, sell. There is nothing there. There are too many great assets that cannot be monetized.”
Nuance Communications (NUAN): “I think you gotta take the money and run..I say I’m a seller and I want you to take profits.”
Boston Beer (SAM): “No, no, no…Sam had a big move today. I think you gotta take profits here.”
Potash (POT), Mosaic (MOS), Agrium (AGU)
Dow Chemical (DOW): “I think the CEO [Andrew Liveris] there is gone…I think you’re going to flatline if you are lucky…I want you to sell sell sell.”

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Comments

[overtaxed42...:]

Well well well, imagine that. Cramer says buy TNH and sell down or short MOS, AGU, and POT. And today TNH is down more than $5. And his short picks are up more than $2.50 each. Man he's good. Glad I don't listen to the fishhead.

Feb 04 04:28 PM

[bc818:]

Actually Cramer first picked TNH when it was 80 months ago and now it's 125.

As for Black and Decker's dividend is a sure gonner. It's credit rating is flirting with being downgraded to BBB (one step away from junk). You know they're in trouble when the CEO says this quarter was "abysmal" and "our (bad) hedges virtually guarantee a loss for the next 3 quarters"...

fun times over at BDK.

Feb 09 03:57 PM