Jim Cramer's Mad Money Lightning Round, 3/28/08: Procter Is No Gamble

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Friday March 28. Click on a stock ticker for more analysis:

Bullish calls:

Cal-Maine Foods (CALM): “Cal-Maine is a very pro-shareholder company … It has been confounding the shorts.”
Family Dollar Stores (FDO): “ …is where you shop, when you're getting the beatdown of a recession...”
Procter & Gamble (PG): “ … has the best single dividend record… one of my absolute favorite companies. This company does not tolerate losing divisions and sheds them... I think the quarter's going to be good. I think this is a great entry point. I want to pull the trigger on PG!”
Quicksilver Resources (KWK): “They are probably maybe the most levered oil and gas plays to the higher prices... KWK is terrific...”
Microsoft (MSFT): “ I think MSFT is not necessarily a runaway up stock …it's a good situation longer term. When that deal [with Yahoo] closes, MSFT goes higher.”

Bearish calls:

Clearwire (CLWR)
Sprint Nextel (S): “I want you to sell this stock - sell, sell, sell - and anything that's affiliated with Sprint.”
Ford Motor (F): “No. The only think we like in F is the preferred... “
MEMC (WFR): “I am telling you right now... that stock has peaked. This is a new position for me. Sell, sell, sell!”
Citigroup (C): “ …right now, my case is strictly bearish on Pandit [CEO]”
JC Penney (JCP): “The execution has been sloppy. The company does not seem to have a game plan,”

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Comments

[NormanLepoff, M.D.]

When P&G was $10.00/share lower, Cramer hated it. Now he loves it. Ofcourse P&G is a great company, but a good stock picker will tell his people to buy low and sell high. Cramer tells people to buy high and then forgets what he told them when the stock goes down.

I think P&G may be in trouble with the high cost of oil causing margins to be squeezed. Also, why buy P&G brands when the generic versions are the same and cost the consumer much less? In a recession, every penny counts. I would buy P&G on any pull back to the low 60's and avoid Cramer like the plague.

[BlackSwan]

Just a few months ago Cramer recommended Citi in the mid-forties!

[User 142971]

Genic brands are good, but when the consumer can buy a paper towel with the strength of bounty and the softness of charmin bath tissue for a few cents more this seems to me to like a good buy. If you want a sub par brand and later whine about not buying p&g brands so be it.

Thank You
ps. I have p&g


On Mar 31 08:48 AM NormanLepoff, M.D. wrote:

> When P&G was $10.00/share lower, Cramer hated it. Now he loves it.
> Ofcourse P&G is a great company, but a good stock picker will tell
> his people to buy low and sell high. Cramer tells people to buy high
> and then forgets what he told them when the stock goes down.
>
> I think P&G may be in trouble with the high cost of oil causing margins
> to be squeezed. Also, why buy P&G brands when the generic versions
> are the same and cost the consumer much less? In a recession, every
> penny counts. I would buy P&G on any pull back to the low 60's and
> avoid Cramer like the plague.