RIO's Rising - Cramer's Lightning Round (6/9/08)

by: Miriam Metzinger

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday June 9.

Bullish calls:

CVRD (NYSE:RIO): “That company is maybe the greatest mineral company in the world, and it is so well-run that RIO is a great core position for someone who needs to have a mineral stock in their diversified portfolio...”
Discovery Holdings (NASDAQ:DISCA): '”It’s still an up stock, but I want it to dip before I would buy any more... I think you've got a good one for the long term, and I say the next stop for that one is $27... “
Terex (NYSE:TEX): “I think TEX should be bought. It's come down way too much... I think that TEX, at $66, is a buy.”
Caterpillar (NYSE:CAT): “CAT is, without a doubt, the most unbelievable manufacturer in this country.”
Mechel Steel (NYSE:MTL): “Yes, I like it very much... Now, people will say, Jim, isn't the streak running out? I will tell you when I think the streak has run out.”
Valmont Industries (NYSE:VMI): “Amazing company... a coatings business. It's on fire for no one else but them... they must know what they're doing!”
Transocean (NYSE:RIG): “RIG is unbelievable..”

Bearish calls:

Aircastle (NYSE:AYR): “They have been hurt by the asset-backed commercial paper market...I am not getting back on the AYR horse.”
Dryships (NASDAQ:DRYS): “I would not sell DRYS here. Don't buy, don’t buy... I don't want to buy it, but I do not want to sell it... “
China Mobile (NYSE:CHL): “The Chinese communist government does not seem inclined to allow this company a bigger monopoly than it has. They have been basically, I think, subsidizing competitors. I don't like that situation.”

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