Lightning Round: Crocs, ConAgra, Countrywide and More
Crocs : Nothing proprietary about Crocs merchandise, Cramer said. Don’t buy.
Countrywide Financial : Cramer personally wouldn’t want to own Countrywide or Bank of America , its acquirer. However, he believes the deal will close and said CFC could be owned for those who want to buy it on BAC’s takeover.
Calpine : The energy complex is a good place to be as far as Cramer is concerned, but why not go with less risky stocks like Duke or Exelon ?
Acadia Pharmaceuticals : It’s a sell. Cramer would buy Gilead , which he thinks can grow 20% or Genentech above $80 but not Acadia.
Zoltek : “Played out.” When Cramer sees a good quarter, maybe he will reconsider.
IAC Interactive : There’s “nothing special” in IAC that Cramer can see.
Aircastle : Cramer admits that he blew it on the aircraft leasing business. It turns out Aircastle and Genesis Lease were actually front and center in the credit crisis and he said he should not have recommended either.
ConAgra : It’s too late to buy CAG, Cramer said. The trade has been made.
PNM Resources : There’s not a lot of upside here, according to Cramer.
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