Buy Rent-A-Center -- Cramer's Lightning Round (7/24/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Thursday, July 24.

 

Bullish Calls:

Nabors (NBR) -- “Nabors is a better choice than Halliburton.” 

Schlumberger (SLB) -- “Schlumberger is a better choice than Halliburton.”

Starbucks (SBUX) - “This stock is now finally at a price where I want to buy at 14.”

Costco (COST) -- “I like it because it is down a lot.”

Rent-A-Center (RCII) -- “Ideal for this economy. Rent-a-Center makes their money on the interest. When people can’t buy they rent. That is what we want.”

Bearish Calls:

Whole Foods (WFMI) – “I have been negative on the stock for literally 20 points. They are too expensive for most people. Amazingly it is now a yield play at 3½ %. Below $20 I can embrace it.” 

Halliburton (HAL) -- “I thought the quarter was OK. Ring the register. Sell, Sell, Sell.”

Interdigital  (IDCC) -- “It is connected to wireless. I am not a fan of wireless. Ring the register. Take profits.”

Petrohawk Energy (HK) -- “Speculative. Natural gas will be the fuel until we come up with an alternative. The stock will not turn around until natural gas hits $8 and bounces back.” 

Waste Management (WMI), Republic Services (RSG) – “We recommend Republic Services over Waste Management but would take profits in both.”

 

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Comments

[fatcat:]

Cramer....sucks.

2008 Jul 24 09:01 PM

[Pfloyd234:]

You suck......leave my bald friend out of it!!!!

2008 Jul 26 08:19 PM

[stoat1004:]

Another excellent pick on Rent-a-Center.....From 2005-2007 net income declined by 43.8% while sales, general, and administrative expenses increased by 50.3% (Well run companies in good market segments tend to do the opposite of that Cramer...just a little tip for ya).....It also pays no dividend has 1.25 BILLION in long term debt compared to 947 million in share holders equity....Very cheap at 17times ttm earnings and 1.6 times book don't ya think?.......BTW Cramer folks who can't pay their credit cards can't pay rent-a-center either....Nother tip for ya.

2008 Jul 27 10:24 AM