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Stocks discussed on the Lightning Round segment of Jim Cramer's Mad Money Program, Friday May 3.

Bullish Call:

Pennsylvania Real Estate Investment Trust (NYSE:PEI): "It is really good. It has gone up a lot, but it is really good."

Bearish Call:

Potash (NYSE:POT): "It is a Feed The World play, and it is going to go up over time, but I don't like that it doesn't have a dividend, and I don't like the fact that it has been so erratic. I'm going to say ixnay on Potashnay."

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Editor's Note: Despite the quote from Cramer above, Potash Corp. has paid a consistent dividend since 1989 (source).

Source: Cramer's Lightning Round - Potash Is Too Erratic (5/3/13)