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