Cramer's Lightning Round - Getting Out of Line (4/2/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Thursday April 2.

Bullish Calls

Nordic American Tanker (NAT): "You get a gigantic yield, it is thirty bucks and a great balance sheet."

Chicago Bridge & Iron (CBI): "Down here, I would willingly buy CBI. It is very cheap. It is my least favorite infrastructure play, but down here I cannot recommend selling that stock."

Kinder Morgan Partners (KMP): "I am going to send you to Kinder Morgan...holding in there at an 8.8% yield."

Cummins (CMI): "Making a comeback. That is a very late cyclical play. Very cheap, up 2 bucks today...yes at this point you can probably buy that's 3 points down 10 up."

Yahoo (YHOO): "I would not recommend this stock because of (a deal with) Microsoft...they have a new CEO. Carol Bartz is money...I would not sell Yahoo now that Carol Bartz is running it...I would give her 9 months..I think she is terrific."

Bearish Calls:

Plum Creek Timber (PCL): "You got a local company. I'd rather have higher yielder. I am gong to send you to Kinder Morgan...holding in there at an 8.8% yield."

Hartford Financial Services Group (HIG), Lincoln Life (LNC): "No I have to tell you ..it is a very speculative stock...Lincoln National downgraded today I think their policies will pay off but I don't want to own their stocks."

Dryships (DRYS): "Now that it's in default sell sell sell."

Linn Energy (LINE): "No...the collapse in natural gas has made this....I cannot get behind that. Everyone of these natural gas stocks I do not trust."

:::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round and his Stop Trading! Picks.

Get Cramer's Picks by email-- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Comments

[Stockmaven:]

Seeing that Line is fully hedged on its production at $8 an MCF and at $90 a barrel through to 2011, it becomes evident that Cramer again is clueless.

Apr 03 09:01 AM

[throwerw:]

if natural gas collapse is so worrisome, then why the daily kmp pump mr. cramer? what a joke

Apr 03 09:55 AM

[macsmart:]

Cramer's bearish call on LINE is bizarre. He pumped LINE over and over last fall and winter because it was fully hedged and safe...so now suddenly he comes up with a bearish call because of falling natural gas prices? Then why is he still pumping Anadarko,etc?

It just doesn't make any sense.

Apr 03 10:22 AM

[ernmor:]

Comparing USO to HOU in Canada. I heard about Cramer's USO comments. Like to know more. HOU also under performing in my book ! I Have a size position. Hmm ...

Apr 03 10:29 AM

[elliot_mllr:]

I suspect that Cranmer is short LINE, which is idiotic.

Apr 03 12:23 PM

[User 345572:]

I hope you are right and assuming and only assuming because I don't have the money to lose and to sell at this low would cost me the dividend. I did enough research to feel it was a bit risky but the dividend was safe. I sometimes wonder if Cramer would just no talk the market might be okay without his imput which is usually wrong.
Lynn


On Apr 03 09:01 AM Stockmaven wrote:

> Seeing that Line is fully hedged on its production at $8 an MCF and
> at $90 a barrel through to 2011, it becomes evident that Cramer again
> is clueless.

Apr 03 03:43 PM

[Mad Adict:]

2/26/09.... LINN REPORTED QUARTER PER SHARE CASH FLOW OF .48 FOR LAST QUARTER 2008, AND RESULTING IN REPORT OF .00 IN EARNINGS MISSING THE .32 EST. SHY ABOUT 100M OF 4th quarter 2008 Revenue. THEY DID REBUILD A BURNT OUT OIL OPERATION IN CALIFORNIA AND I CAN NOT REMEMBER THE COST TOTAL FOR THAT BUT I DO REMBER THE REST OF THE STORY AND I LIKE THIS STOCK.

Apr 04 12:11 AM

[einstein p ...:]

Cramer also said to sell ATN at 8. I bought instead. LINE is well hedged, but there is an ample supply of natural gas. My thoughts were that the Obama administration would embrace the Pickens plan, but that hasn't happened to date. In the meantime, I will stick with both stocks, along with some of the CANROYS for the distributions and dividends. I bought them at the right price and I don't see natural gas or oil going any lower from here. In fact, I believe prices will spike to the upside in the next few months, taking the stocks much higher.

Apr 04 01:22 PM

[Gaucho:]

Cramer is such a tool for the hedge funds. DRYS has reached an agreement with the banks that hold 75% of the debt. When they reach an agrement with the other 25% then he will find someting else to bash. After all his hedge funds budddies are in trouble since they thought the company would go under and established a short position of 40%. The company is a cash cow with the rental of its two deep drilling platforms generating 1.2 million revenue a day. They currently have approximatelly 1 billion in the bank

Listen to Cramer at your own risk

Apr 04 09:26 PM

[Michael Del...:]

user 345572 said "I hope you are right and assuming and only assuming because I don't have the money to lose and to sell at this low would cost me the dividend. I did enough research to feel it was a bit risky but the dividend was safe. I sometimes wonder if Cramer would just no talk the market might be okay without his imput which is usually wrong."

Shame on you for investing money you cannot afford to lose. You could have at least put in a trailing stop order. It's your own fault if you buy a stock because of a TV show and you lose a lot of money. If I lost a lot of money betting on Kansas to take the NCAA basketball tournament because someone on ESPN said that Kansas was the best, it's not ESPN's fault that I lost money.

Apr 04 10:09 PM

[PeteK:]

Years ago people constantly worried about shortage of natural gas.
Now we are finding more and more of these gases.
Natural gas will be needed by almost every household and commerce so for the next 100 years there's no worry.
The smart thing to do is to make cars that use natural gas so we will save much of the oil money flying out of this country.

Apr 09 12:35 AM

[PeteK:]

Mad Adict;
Good comment but,
Please try not to use Capital letters for comments.
Most people are not used to read sentences in Capital letters.
Thanks.

Apr 10 11:08 PM