OMG, What a Bad Quarter - Cramer's Lightning Round (5/13/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Tuesday May 13.

Bullish calls:

North American Palladium (PAL): "For $6 bucks, I'm willing to sit and watch that palladium market happen. I like your choice. It is a profitable company."
Genco Shipping (GNK): "I believe that all these shipping companies are going to be shipping a huge amount of product to China, to rebuild the province that was destroyed by the earthquake."
McMoRan Exploration (MMR): "I just caught a double for our viewers, because I recommended that natural gas play a year ago... it is a terrific, terrific company … I still like that group."
Arch Coal (ACI): "I think that ACI could go to $80 …the Democrats may not want it... but everybody wants ACI's coal overseas… Buy, buy, buy!"
Pepsico (PEP): "Indra Nooyi … is one of the most forward-thinking CEOs in the world. I think PEP's being given away here, given the fact that they're transforming Frito-Lay, and the raw costs aren't that bad."

Bearish calls:

Holly (HOC): "I don't want to get near the refining business."
Systemax (SYX): "It just kind of a pastiche... of companies. Don't buy, don't buy... Nothing's special there at all."
OM Group (OMG): "They blew the quarter really badly…sell, sell, sell."

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Comments

[Al Bondigas]

Cramer you blew it really badly on OMG. You hurt a lot of small investors when you don't take the time to analyze the earnings reports. OMG has already been brutally punished for no reason. The appearance of an earnings miss is simply due to how the company can record income from the joint venture. LOOK AGAIN!!! Correct this mistake before more damage is done.

[GMiki]

PAL had some recent good exploration news. (I hold a few shares--not much.)

[almo]

your comments on omg are off base check the revenue stream and note the growth in their end markets.