Cramer's Lightning Round - I'm Not Defending City Telecom All The Way Down (10/24/11)

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 |  Includes: BLK, CAT, HKTV, MET, PRU
by: Miriam Metzinger

Stocks discussed on the lightning round session of Jim Cramer's Mad Money TV Program, Tuesday October 24.

Bullish Calls:

Caterpillar (NYSE:CAT): "I don't know about the stock split...here's what you want to do. It is a very cheap stock...it will get back to its high."

Prudential (NYSE:PRU): "If you are going to buy an insurer, I'd buy Prudential."

Bearish Calls:

City Telecom (CTEL): "I give up...this is a company we supported. I thought everything would grow there...it is not growing...it was a mistake...it is not working and I'm not going to defend it all the way down."

BlackRock (NYSE:BLK): "...the worst group is financials, and this is one I can't countenance. I look at it and say 'what does it have?'....a 3.49% dividend? If it went back to where it was and yields 4%, I'd pull the trigger, otherwise I'd take a pass."

MetLife (NYSE:MET): "You are going to leave that one be...find something with a bit more yield and a bit more grounding."

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