Cramer's Lightning Round - Why The Panic Over Energy Transfer Partners (10/7/11)

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Includes: ANRZQ, C, ETP, PEG, PKI, PPO, TSLA, WR
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Friday October 7.

Bullish Calls:

Energy Transfer Partners (NYSE:ETP): "The stock is down... everyone is freaking out. They are involved in an acquisition. That is why people don't want to own it... the yield is good. I have soured only on the pure propane stocks... this only has some propane... it has a lot of other things."

Alpha Natural Resources (ANR): "It is too low. Buy, buy, buy... the stock is at $18...That's crazy! I'd be a buyer."

Westar Energy (NYSE:WR): "That is terrific. The yield is safe at 4.85%."

Public Service Enterprises (NYSE:PEG): "... a terrific investment."

Polypore (NYSE:PPO): "The stock is down too much... people are worried about the membrane business... I think that is ridiculous... the company is worth more dead than alive, though... there are many good divisions that can be spun off."

PerkinElmer (NYSE:PKI): "They have killed this... the reason is that another company reported a number that was devastating... they use grants... so does PKI... PKI has only one third of the exposure... I want PKI (the CEO) on this show before I tell people to sell it at $17... that is way too low to me."

Bearish Calls:

Tesla Motors (NASDAQ:TSLA): "I've got to tell you.. .People are saying Tesla is the next big thing. I will say, 'don't buy,' because the whole thing is just too risky."

Citigroup (NYSE:C): "No. We are not recommending any financials. Not until we see a resolution in Europe. I can't touch them."

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