At the Right Price - Cramer's Lightning Round (9/22/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Monday, September 22.

Bullish Calls:

Fluor (FLR) -- “I like Fluor at $53."
Joy Global (JOYG) -- “This is my favorite in the group, below $50."
McDermott (MDR) -- “Mc Dermott is a buy at present levels."

Bearish Calls:

Arch Capital Group Limited (ACGL) -- “Don’t buy. I want to see Arch Capital come down another $4 before investors buy."
SPX (SPW) -- “I can’t recommend an industrial company right now, even though I like the company. The environment isn’t right for them.”
Babcock & Brown Air (FLY) -- “Sell, sell, sell."
Flextronics (FLEX) -- “Tech’s too hard right now to own a lesser name like Flextronics."

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Comments

[whiteowl:]

Flour.. Flour.. all I get for FLR is Fluor Corporation. Are you speaking of flour as a commodity?

2008 Sep 22 11:36 PM

[User 161766:]

Cramer's assessment on Fly is bogus, and it wouldn't be the first time he was wrong. There is absolutely nothing out there to suggest that FLY won't continue to provide value to its investors.

2008 Sep 23 07:12 AM

[User 268681:]

I completely disagree w/ Cramer about FLY. I bought at $10.64 and holding steady around $10 now I will take it. At 50 cents a share dividend per quarter you can't beat that. And FLY expects to continue paying same dividend for foreseeable future. Not to mention they are buying back up to $30 million worth of shares. Only adds to company's value. I'm going long on FLY

2008 Sep 24 09:50 AM

[einstein p ...:]

FLR is Fluor Corporation. Cramer was talking about the company, not the commodity (although the way things are going flour may end up 53 dollars a pound)

You can find a profile of the company on Yahoo Finance:
finance.yahoo.com/q/pr...

2008 Sep 25 10:56 AM

[einstein p ...:]

FLR is trading at 47. JOYG at 38. Call Cramer --- If he liked JOYG at 50, he must love the stock now. I own it, so I'm in the same boat.

Starting to wonder if stocks like JOYG that have authorized a 2B dollar buyback are letting the market take the stocks down to maximize the buyout. 2B goes a lot further at 30 than it does at 50.
Feels like we're getting hammered from both ends.

2008 Oct 03 12:15 AM