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Lightning Round: Oh doctor, this was a bad one

It's that time again! Jim Cramer rang the lightning round bell, which means he gave his take on caller favorite stocks at rapid speed:

Wynn Resorts, Limited: "No, we are not going to go with Wynn. As much as we like Steve Wynn [CEO] we are going to split the difference and hedge our bets. We are going to buy MGM, which I really like."

Platform Specialty Products: "Pain! That's right, and it does feel creed-like. Here is the problem — it got a little cocky and these kinds of deals, whether it be this or any other kinds of roll-ups, they kind of backfired. You have got to wait."

Rite Aid Corp: "I think you win either way. You win if the deal gets through, or you win on earnings."

Matador Resources Co: "No, I don't think that is high enough quality. I like Occidental, and I don't trust the Saudis to do the right thing here for American oil companies. But I Occidental, and own it for the charitable trust."

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Energy Transfer Partners: "I almost pulled the trigger on that one. Had sold some higher for the charitable trust, fell down to an 11 percent yield. It had to be OK. Candidly, Kelcy Warren [CEO] has got to come on and explain himself, because oh doctor it's a bad one."

Express Inc: "No, I would buy L Brands. You've got to buy LB. Everyone was disappointed, it was nonsense, I say buy it. I'm right!"

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