Lightning Round: Merrill Lynch, ValueClick, Corning and More
Ruth’s Chris Steak House : It’s a very well-run company, Cramer said, the stock is “just nothing special.”
Cree : Cramer has never really liked CREE. Stay away, he said. There have been too many disappointments.
Merrill Lynch : The brokers have bottomed, Cramer said. He’s bullish on Merrill.
Brunswick : “You cannot own that stock going into a slowdown,” Cramer said. He is fond of the management, but will not recommend the stock.
Northgate Minerals : Don’t trade down to Northgate when you could trade up to Barrick , Cramer said.
ValueClick : Cramer still believes VCLK will get acquired. It’s a triple buy.
First BanCorp : Cramer isn’t sold on the Puerto Rican banks. He questioned whether FBP has the right book value or whether it should have written it down.
Corning : Its two big business, fiber and LCD, are both good, Cramer said. “I’m looking for an upside surprise in Corning.”
Enbridge : Buy it because it’s “one of the great, great pipeline companies,” Cramer said. He has been behind it for over a year.
Jim's charitable trust owns Corning.
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