Pepsi (NYSE:PEP): Cramer remarks that the company's snacks business is "taking a cliff walk" since trans-fats are being thrown out in favor of more healthy food options. "Stay away," warned Cramer.
Cumulus (NASDAQ:CMLS), Limited (LTD), TJX (NYSE:TJX), Sonic (NASDAQ:SONC) Jack in the Box (JBX) and Outback (OSI): Cramer would also stay away from stocks which are caught up in the private equity bidding frenzy. Concerning the prospective buyers, he comments, "They can't find a balance sheet they don't want ... They'll take private anything." Targets include CMLS, LTD, TJX, SONC, and JBX. "If they can do Outback," Cramer commented,"they can do anything."
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