Lightning Round: This is a one way ticket down

It's that time again! The Lightning Round bell has rung, and Jim Cramer gives his take on a few favorite audience stocks:

PDL BioPharma: "I see that stock has been a one-way ticket down, and I don't like that I see it yields at nine percent. That's a red flag. Let me do more work, because otherwise maybe that's something we should be in."

Lannett Company: "When I'm thinking about the kinds of consolidating stocks in healthcare, I am thinking about that one. I just did some work on it, and I like your call."

Kythera Biopharma Inc: "Another one that I have been looking at. Why? Because now that botox, which is Allergan, has been acquired by Activis; I am looking for a replacement. That one has a kind-of-maybe next botox feel. I'm getting very interested in it."

Summit Materials: "Summit Materials is very interesting, but you know I like Martin Marietta Materials. MLM is my favorite."

Alcoa: "Here's the problem with Alcoa, we need to see this deal close. The deal has to close so that the company is more diversified away from aluminum. Remember I said six months from now is going to look different? That is what you are waiting for. Not the near-term."

----------------------------------------------------------
Read more from Mad Money with Jim Cramer
Cramer Remix: Absolute worst thing in the market
Cramer: Bail out now on this group
Cramer: One automaker silently beating competition
----------------------------------------------------------

Time Warner Inc: "It's a buy, and Jeff Bewkes by the way, what can I say? He is a great American who can deliver the numbers."

Hershey Co: "No we are not going to mess with Hershey. I think that Hershey is kind of played out. We are buyers of WhiteWave, particularly because the tax situation gets much better for an acquirer beginning next month."

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer's world? Hit him up!
Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Cramer's New Book