Jim Cramer spoke on CNBC's Mad Money about Valeant Pharmaceuticals Intl Inc VRX. He thinks the company should do an equity offering to reduce its huge debt. There is still a large short position in the stock and some investors decided to cover it, because the downside is now quantified. He doesn't see Valeant as a good long position.
Cramer thinks Corning Incorporated GLW is having a good run and the stock is a buy.
Cramer can't recommend Synergy Pharmaceuticals Inc SGYP for anything other than a speculation. It's still in an early stage and it didn't report a good quarter.
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