Cramer's Lightning Round - Alcoa Is a Bad Company Gone Good (6/28/11)

 |  Includes: AA, CAKE, D, ED, EZPW, HE, HOGS, IMAX, KMI, LDK, SO
by: Miriam Metzinger

Stocks discussed on the Lightning Round session of Jim Cramer's Mad Money TV Program, Tuesday June 28.

Bullish Calls:

Alcoa (NYSE:AA): "Listen up everybody: this is a much-maligned company...people are giving me a hard time. Alcoa earnings in the second half of the year are going to be good...AA is ready to roll, and you need to roll with it...AA is a bad company gone good."

Cheesecake Factory (NASDAQ:CAKE): " has run a lot, but I like it...very well-run company, and I would be a buyer."

EZCorp (NASDAQ:EZPW): "...part of this whole shrinking middle class, expanding lower and upper class (trend)...this fits into the dollar store thesis, and I want to buy it here."

Imax Corporation (NYSE:IMAX): "...the only movie chain I want to is had a big run and it's come back. I want to buy it at this level."

Hawaiian Electric Industries (NYSE:HE), Dominion (NYSE:D), Southern (NYSE:SO), Con Edison (NYSE:ED): " I think you are doing it right (investing in Hawaiian Electric). I like SO more, Dominion more, and I like Con Ed more, but you have a good thing going with HE, and I'm not going to tell you to change it."

El Paso Corporation (EP): "I've done a lot of work on EP and restructuring. I think it is worth $21 to $22. Why am I not pounding the table? Because it is at $19 right now. But it is a winning stock. I like the split up."

Bearish Calls:

Zhongpin (NASDAQ:HOGS): "You don't want to own's a bad Chinese stock. Just listen to Herb Greenberg on these Chinese stocks. This guy is going to save you a fortune...this is a Chinese stock that you need to avoid."

LDK Solar (NYSE:LDK): "...I don't want to own it...I don't like Chinese stocks..."


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