Cramer's Ligthning Round - No Fun in FUN (3/10/09)

by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Wednesday March 10.

Bullish Calls:

Dominion Resources (NYSE:D): " ...things are so uncertain that I have decided that I like Dominion Resources Inc for the yield. Remember they have raised it 11% two years in a row, and they have executive buy program."

Edison International (EIX): "I like EIX as an Obama play."

Bearish Calls:

Mechel Steel (MTL): " ...normally I don’t like the Russian market at all… but this one is down all the way to $3 so I regard it as a Russian lottery ticket. I will pull the trigger on a $3, but remember, zero is more likely than six."

Athenahealth (ATHN): "We are not going to suddenly decide that we are going to get into medical records again… so I am going to take a pass and tell you not to buy that stock."

World Wrestling Entertainment (WWE): "The stock has been a disappointment… it has not been a good one to own...I had felt that the dividend would support the stock, but it just hasn’t."

Apache (APA): " I was wearing my Apache t-shirt to bed last night… hey, what can I tell you, I was hoping to have a dream... I like Apache a lot, but remember I like the integrated oils, and natural gas under $4 means that I don’t want to go there... I am not going to recommend it."

UIL Holdings Corp (UIL)

Cedar Fair (FUN): "...the CEO did sell 167,000 units to meet a margin loan… he himself has driven down the stock. Plus they got rid of the yield. This is one that I made a very big mistake on. I thought the yield was safe. I was wrong. I cost people money. I apologize...there is no fun in FUN."


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