Cramer's Lightning Round - We Need a President (2/19/09)

Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Thursday February 19.

Bullish Calls:

Bucyrus International (BUCY): “I think the cash balance sheet is good and I like the management."
TeleCommunication Systems (TSYS)
Copart (CPRT): “I like Copart.”
Celera (CRA), Becton Dickinson (BDX), CR Bard (BCR), Baxter International (BAX):"I still like diagnostics. I know it's been hammered but I'm not backing away.”
Clean Energy Fuels (CLNE): "I said it was speculative. We need the president for this one to work. I like it, but it's a spec."
Kinder Morgan (KMP):"When it comes to partnership, I'm not straying beyond Kinder Morgan
American Italian Pasta (AIP)

Bearish Calls

Suburban Propane (SPH)
LKQ Corp (LKQX): "I think it's a pretty good business, but I like Copart.”
Turkcell (TKC): "I'm worried about that one. There's too much competition there."
Toro (TTC): "No, you can't buy anything that's sold at Home Depot ; it's all going lower."
Annaly Mortgage (NLY): “It's just OK. I can't get behind it.”
Ferrellgas Partners (FGP): "When it comes to partnership, I'm not straying beyond Kinder Morgan.”
Astec Industries (ASTE)

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Comments

[User 361505:]

LKQ buys from Copart, but they are completely different businesses. Copart sells total loss vehicles for insurance companies while LKQ buys them and dismantles them for resale as parts, primarily to insurance companies and other dealers for repair and rebuilding of wrecked vehicles. LKQ also buys from IAA, TRA and numerous independent salbvage auctions across the country. There are other avenues for acquiring vehicles, but auctions like Copart and IAA (the market leader BTW) are the primary source.

Feb 21 11:43 AM

[einstein p ...:]

We need a president with a game plan. What happened to the concept of transparency? As long as the details remain murky, the market will continue to flounder.

We need a president that instills confidence, especially after all the botched deals and the scandals. How does one invest in a market that overlooked Madoff and a forty year Ponzi? Until confidence is restored, money is going to move to the sidelines or under the mattress.

We need a president who understands that Wall Street isn't just bankers and brokers. The markets include our kids college funds and retirement accounts. Again, when you see those accounts cut in half after years of saving, it's a bit hard to swallow the stupidity.

Change you can believe in? I'm waiting.

Feb 25 07:25 PM