Cramer Answers 'Mad Mail'

Friday, 16 Sep 2011 | 7:53 PM ET

It's time for some "Mad Mail!"

Cramer's Homework: CLMT Doesn't Add Up
Cramer sharpens his pencil on Calumet Specialty Products and says lackluster growth, plus unsteady cash flow, plus distribution problems, plus a spotty history, equals a stock investors should stay away.

On Monday, Mark in Hawaii asked about Calumet and Cramer said he would get back to him. After doing some research, Cramer found it has lackluster growth, unsteady cash flow and distributions that could be hard to maintain. So he recommends staying away from this stock, but welcomed management to try and change his mind.

Jonny asked about the divergent performance of soda makers Pepsi and Coke . Cramer's charitable trust owns Coke, he is tempted to swap and get into Pepsi because it now sports a high yield.

Jon wanted to know whether Banco Santander is a buy at current levels given Treasury Secretary Timothy Geithner said this week there will be no Lehman-like failure. Cramer would like to agree, but he continues to recommend selling European bank stocks across the board.

Neal in Alabama questioned Cramer about Corning . Cramer said it's worth looking at right now.

Finally, Rich was curious whether Cramer would bless using inverse exchange-traded funds to counter a market downturn. If you think the market is going down, Cramer recommends selling stocks and raising cash.

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