It's Not Easy Being Evergreen - Cramer's Lightning Round (7/9/08)

Stocks discussed in the lightning round session of Jim Cramer’s Mad Money TV program, Wednesday July 9.

 Bullish calls:

First Solar (FSLR): “The only one I'm staying with is First Solar

Costco (COST)

 Bearish calls:

 Evergreen Solar (ESLR): “I am not ready to pull the trigger on Evergreen, it's just too speculative."

Johnson Controls (JCI): "This is the best house in a bad neighborhood. I can't stand the automotive group, so I can't have you own this stock."

Gran Tierra Energy (GTE): “…energy is going to get pummeled here. It's too early; they're still too hot."

Office Depot Inc (ODP): "I do not like retail. There's only a handful of discounters I like.”

Martin Marietta Materials (MLM): “I like crushed rock, but it's too linked to residential construction. I don't want to own it here."

Exxon Mobil (XOM): "I'm still a buyer of Exxon. I can't recommend it here because there's more selling coming, but I'm going to re-recommend it soon."

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Comments

[rana]

i just wonder if anyone here follows cramer.
i used his picks as a contrarian. it always seems to me that he is picking longs at the highs and shorts at the bottom.
2 years back i saved tons of money on CEPH using his advice. when he said to buy when the stock went to 80 i ran to the hills and it took a nose dive.
it also seems to me he is like day trader. one day he says FSLR is huge buy, next day he says CEO sells tons of shares so we don't like FSLR, few weeks go by and again he loves FSLR.
i wonder if someone is calculating his returns - it will be very interesting to see if he's in the green or if he's a consistant loser.

[valuestocksonly]

He always has an agenda as with Sirius. I do not trust him. I will continue to buy ESLR on ANY weakness.

[The GrimmReaper]

OFFICE DEPOT:
New end of year projections: Projected close at $3.80per share for year end 2008.
OFFICE DEPOT HEADLINES:
Crisis in the Business Solutions Division (BSD)
Office Depot's contract delivery division resposible for 52% of ODs annual revenue is in dire straights. The crisis with BSDin more severe and significant then the declining sales and ROI from the retail division. Currently BSD does about $1.4 billion a year in government contract sales, mostly to state and local government agencies. The largest single OFFICE DEPOT contact is the US Communities/Los Angeles County/Office Depot contract for officeand school supplies, which is valued at $700 million annually.
In April an ex-senior account manager with Office Depot BSD came forward as a whistleblower, with allegations that Office Depot was engaged in systematic schemes to overcharge and defaud government accounts to amounts in excess of $70 million per year. The states of NEBRASKA, GEORIA, NORTH CAROLINA AND CONN. issued scathing audit reports with NEBRASKA AND GEORGIA cancelling the contract with Office Depot. After the whistleblowers presentation to the ATTORNEY GENERAL of the STATE OF FLORIDA, the Attorney General ordered his elite Economc Crimes Division to immediately open a wide ranging FRAUD investigation of OFFICE DEPOT and its government contracts.

Presently the investigation in ongoing, as other audits and investigations are popping up across the country concerning Office Depot's contract businss with government agencies.

OFFICE DEPOT i required by law to report and dsclose these significant cotigent labilities in their financial statements. By not disclosing how these events can material effect the value of the company, is injurious to the stockholders and investors. THE SECURITIES AND EXCHANGE COMMISSION, should soon be investigating the lack of disclsure by Office Depot.

THIS WILL BE THE WORST PERFORMING STOCK OF 2008, AND WILL HAVE A HIGH PROBABILITY OF BEING CONSUMED BY A VENTURE GROUP AS THE STOCK CONTINUES TO DECLINE AND INVESIGATIONS MOUNT.

[Scootter]

Is FSLR about to make a bid for SOLF (very cheap now)!

[User 120850]

How does COP compare with XOM?

[User 81960]

THANK YOU FOR BEING AND INVESTOR OF =ESLR=.
ESLR== JUST WON A BIG CONTRACT WITH GERMANY MAKING SOLAR PARTS FOR THEM.
THE CONTRACT WAS FOR $I.3 BILLION DOLLARS.
IT WILL TAKE THE END OF THIS YEAR AND INTO 2009.
BUT =ESLR= PROFITS SHOULD GO MUCH HIGHER.
I'AM BETTING ON =ESLR= LIKE YOU.
I JUST BOUGHT 1,000 SHARES OF =ESLR= @ $9.80 SHARE AND I WILL CONTINUE TO BUY THEM UNTIL THEY REACH THEIR HIGH AGAIN OF $18.90 A SHARE.
SOLAR INVESTOR OF =ESLR=.


On Jul 10 08:45 AM valuestockso nly wrote:

> He always has an agenda as with Sirius. I do not trust him. I will
> continue to buy ESLR on ANY weakness.