Cramer's Lightning Round - The Hottest Market in the World (6/9/09)

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday June 9.

Bullish Calls:

CPFL Energia (CPL): "Brazil is up, it is one of the hottest markets in the world, it is up about 60%… I think that that stock CPL should be bought and bought right here… I would actually double down."

Boston Properties (BXP): " I would buy it right here at $50."

Marvell Technology (MRVL): "It is good, you know that it is good…"

Qualomm (QCOM)

First Solar (FSLR): "You have got to go with the First Solar... just buy two shares…I think that First Solar has been hit by some bad publicity that I am not worried about… it has got real chips that make real money."

Bearish Calls:

Realty Income (O): " I have got to tell you, that one is too risky for me."

SunPower (SPWRA)

Mechel Steel (MTL): "I am not investing in Russia."

Harry Winston Diamond (HWD): "I will not recommend diamond stocks or jewelry stocks… they are a very challenged group."

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Comments

[ScroogeMcduck:]

Whats wrong with spwra

Jun 10 08:45 AM

[User429135:]

What's wrong with Realty Income? It has the best management I've ever seen, bar none.

Jun 10 11:03 AM

[User429135:]

Realty Income is the ONLY company I have had complete faith in through this financial calamity and it has performed well throughout. Dividend has been raised on schedule, as always. Cramer's off base here.

Jun 10 11:09 AM

[nerho:]

Who CARES what Cramer thinks?

Jun 11 05:30 AM

[Big K:]

Realty Income Corp's leverage is less than half of most REITS. They
will not have trouble refinancing in 4 years, when their earliest note
is due. Realty Income also has been paying down some debt. Cramer has been right about many companies, but here I think there is much less risk than he is giving them credit for. Many REITS have an unbelievable amount of debt, with little chance of repaying it. Not the case for Realty Income who has a debt of only $1.3 billion (about $13/share). Consider, for example, similarly sized Weingarten Realty, a company that up until the last several years, had been well managed and conservative. Their debt has suddenly ballooned to $3.2 billion in the last several years (about $26/share after they issued more shares). Unlike irresponsible Weingarten and many other REITS, Realty Income has been much more prudent and conservative in their use of debt to expand, so I believe much less risk than most.

Jun 12 10:56 PM

[SALTAWAY:]

I would like to own O, but I keep wondering how they raised the dividend the last 2 quarters when their revenue and FFO were slowly dropping. Otherwise they look great.

Anybody?

SALT

Jun 22 10:52 AM