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Lightning Round: Wachovia, Corning, Ambac and More

Zale : “I don’t want to own Zales.”

Wachovia : “I still cannot recommend Wachovia Bank.”

Plum Creek Timber : “I’ve always like Plum Creek Timber.” Cramer said PLC makes a good dividend yield play.

Ambac Financial : “That is one nauseating stock.” Cramer said he couldn’t be more bearish about ABK, or peer MBIA , than he already is.

Vaalco : Vaalco’s a buy with oil prices at $127 a barrel.

Himax Tech : Go with Corning instead, Cramer said.

Jim’s charitable trust owns Corning.

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