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Recap of Jim Cramer's comments on Stop Trading! Thursday September 25.

Help for Housing - KB Home (NYSE:KBH)

Cramer said the principal beneficiary of Treasury Secretary Henry Paulson’s proposed bailout package will be the area that's been hardest-hit: California. The plan could spark a “monstrous and quick” return in that state’s market, he said, “maybe even within the year.” KB Home is a "good company, obviously in a terrible industry," with a good balance sheet and a safe dividend, he said. KB Homes, a California homebuilder with a great dividend, would be the play then. Cramer recommended sitting on that payout until the market turns up. KB Homes is the “quickest way to make money off this plan, that’s a non-bank,” he said.

Surging Latin America - CPFL Energia (NYSE:CPL), Vale (NYSE:RIO)

Another idea Cramer offered up was CPFL Energia (CPL), which has a 7% yield. "I'm willing to actually go to a Latin American stock here," he said, explaining that that area's been so hard-hit that the stock could bounce. He cautioned that he's not ready, though, to endorse Vale. Vale is not a buy until commodities demand in China resurfaces.

The Buyback - General Electric (NYSE:GE)

Cramer used General Electric, which he owns for his charitable trust, as an example when discussing buybacks. “Here's a company that has bought back stock for years and years and years, and the buyback did nothing," he said. General Electric’s stock-buyback suspension could signal a massive reconsideration on the part of corporate America on whether they’ll authorize such large share repurchases ever again, Cramer said. The practice has done virtually nothing for General Electric. "Maybe this is the end of the monster expensive buybacks," said Jim Cramer.

On Track – CSX (NYSE:CSX)

Lastly, Cramer said rails company CSX is a good play because there’s little chance of the company cutting earnings, which is more than he can say for technology stocks right now. Secure-earnings plays are what Wall Street’s looking for right now.

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Source: End of Monster Buybacks? - Cramer's Stop Trading! (9/25/08)