Cramer's Lightning Round - Is K-Sea Transportation's Dividend Going Overboard? (5/26/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday May 26.

Bullish Calls:

Campbell's Soup (CPB): "that was a beautiful quarter..,just a dynamite quarter, and no one seemed to care. I think the company's got it together. I would pull the trigger."

IBM (IBM): "They've delivered too many good quarters, they have too much cash flow, they've become a great software company... I think that stock is too darn cheap...they are waiting for that stock to go down under $100 and are going to miss the opportunity."

McDonald's (MCD): "I've liked this stock from time immemorial...commodities are coming down, buy buy buy. Don't be dissuaded that it has had a run."

Tenet Healthcare (THC): "Earlier I said it was too speculative...now, it is the right time for tenet...I'm putting you in at $3."

Neutral:

Edwards Lifesciences (EW): "This thing has been on a tear. I am going to have to reserve judgement...I once recommended it and it cut me off on the knees. I have to do more homework on this stock."

Bearish Calls:

K-Sea Transportation Partners (KSP): "I have to get the guy on air before I can make a judgment, because that yield is so outsized at 16%."

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