Cramer's Lightning Round - What's the Deal With Deckers? (2/17/11)

 |  Includes: DECK, DF, MU, OPEN, S, WFT
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Thursday February 17.

Cramer dedicated Thursday's Lightning Round session to CEO Jeff Schwartz of Timberland (NYSE:TBL), who told Cramer in December when he appeared on Mad Money that he felt his stock was undervalued. Since then the stock has caught a 51% gain from where it was at $25.42 and was up $9 on Thursday alone.

Bullish Calls:

Deckers (NASDAQ:DECK): "Here's the deal with Deckers...this thing is just on fire... it was up 6 points today in sympathy with Timerbland, and I am still sticking by it."

Micron (NASDAQ:MU): "They had an analyst meeting on Friday, they acquitted themselves. I continue to buy this play which is deeply levered to Apple because of its flash business... and also has a bottom in its DRAM business...and it is my speculative pick for the year."

Dean Foods (NYSE:DF): "I personally think the milk business is a bad business... it is very cutthroat. I don't like the balance sheet...but it is the only game in town in the milk business, so you better stick with it."

Weatherford (NYSE:WFT): "It is still a buy...we caught a double...I think you should stay in it. I still think it can go higher."

OpenTable (NASDAQ:OPEN): "It is a company whose stock has been on fire. We've liked the stock for a long time. Danny Meyer, our hospitality guru...convinced us it was good...he was right. The company is doing great...can we wait for a pullback? The company is too Sizzlean for me, but it is definitely a buy."

Bearish Calls:

Clearwire (CLWR): "No...I don't like the prospects...I would sell it even down here."


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