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

Frontier Communications: "I don't think they can turn it around. This is a 'you can run, but you can't hide' situation. That's what I think about reverse splits. Companies that do them, I think, are desperate, desperate to, let's say, obscure the huge picture of what's happening. And Frontier's huge picture is they bought a lot of landlines and have a lot of debt. I don't want anything to do with it, and that's been my position for ages and ages."

Disney: "My take on Disney is this is long term, a long-term good stock. It's not short term because of exactly what you're talking about, which is this problem at ESPN. But longer term, I think the problem will be dealt with."

Alexion Pharmaceuticals: "I like Alexion and I like Incyte. I think both of them could be acquired and they have good enough businesses that I'm willing to recommend them even on a non-takeover basis."

Suburban Propane Partners: "I can't be positive on the propane market. There's a glut. It's just not a good market. I am sorry. I would love to be supportive, I just can't be."

Scorpio Tankers: "I hate that group. Period. End of story."

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