Lightning Round OT: Windstream, Penn West Energy and More
Iowa Telecommunications : Cramer is bullish on IWA and its 9.8% dividend yield. He said he likes Windstream in this space as well.
Chimera Investment : While Cramer trusts Iowa Telecom’s nearly 10% yield, he doesn’t think Chimera’s 18% payout will hold up. So stay away from CIM, he said.
Penn West Energy : PWE is a buy, Cramer said, for the same reason he likes Iowa Telecom: Penn West is a high-yielding dividend stock. He also recommended BP Prudhoe Bay Royalty Trust and Permian Basin Royalty Trust as favorites among the Canadian energy trusts. “I know oil’s come down, but I think they’re buys.”
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