Take Out Chinese - Cramer's Lightning Round (6/12/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday June 12.

Bullish calls:

Bristol-Myers Squibb (BMY): “When you can buy a BMY or a MRK, and get a 4% yield, and a 5% yield, on a crystal-clear balance sheet, and some great drugs in the pipeline, I say you've got to buy.”
Colfax (CFX): “…fluid handling, I like... and this company is one of the newer companies that is part of my "new technology" names.”

Bearish calls:

China Medical Technologies (CMED): “I am not tempted by any stock in China. I am going to miss some, like I just missed CMED... But I don't care. Don't buy, dont' buy...”
Chicago Bridge & Iron (CBI): “that was the one that really blew the quarter. They did a bad job. You can't go with that one.”
International Paper (IP): “IP was a great American company, and it has just consistently failed to deliver. They always come on TV too... Stop coming on TV until you get your act together... “

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Comments

[Whidbey]

Cramer is too much. Now is he moving toward dividend plays saying the underlying stock is also basically sound. Both of the stocks will be consumer demand loses. He just does not see that inflation will hurt consumption in consumer goods. It has and It will in the future. He has worn out his credibility with me, how about you?

[Alpha Seeker]

New technology? Exsuse me, so what do we call the technology currently developed at Apple and Google that will redefine the world?
Cramer, 'new tech" is just a marketing trick u want us to suck up to. WallastonInvestments.c...

[andrewh10]

Cramer continues to bash IP but he was pounding the table on WY at 65. This type of market chews up and spits out momentum traders who only chase price. I'm sorry to say hes just full of hot air and fluff these days. Perhaps he needs some better interns to give him ideas.