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Jim Cramer: Heelys, Level 3, Apollo Investment, Marvell, Abbott

Heelys Inc., which makes shoes with removable wheels in the heel, is worth buying during its first share sale tomorrow because of its revenue growth and U.S. trend toward individual sports participation, Jim Cramer said on his ``Mad Money'' television program on CNBC.

Heelys shares, which will be offered for $16 to $18 each, should be bought for as much as $23 and should be sold at $30, said Cramer, a market commentator and former hedge-fund manager.

The company's price-to-earnings ratio is less than those of Crocs Inc. and Zumiez Inc., two apparel companies that have gone public since the beginning of last year, Cramer said.

Cramer recommended Level 3 Communications Inc., a long-distance and data-network provider, because demand for bandwidth will rise as more people view Web sites such as YouTube and MySpace.

Level 3's revenue is growing by 6 percent a year without acquisitions while it may fund acquisitions with debt because of high demand for its bonds, Cramer said. The company is headed by Chief Executive Officer James Crowe, who led MFS Communications Co. when its price rose fivefold within four years during the 1990s, Cramer said.

Investors should avoid Double-Take Software Inc., the business software that will also go public, and Acme Packet Inc., whose products allow Internet service providers to deliver interactive communications services such as voice over Internet protocol, Cramer said. The stock gained 14 percent during its first day of trading Oct. 13, he said.

Marvel Technology Group Ltd. should be bought instead of Intel Corp., said Cramer, who also said investors should buy Abbott Laboratories, Johnson & Johnson and TD Ameritrade Holding Corp. Investors should buy Continental Airlines Inc. and avoid JetBlue Airways Corp.

Cramer Recommendations

Cramer recommended Apollo Investment Corp., Research In Motion Ltd., PepsiCo Inc., EBay Inc. and BioMarin Pharmaceutical Inc. in response to questions during the show's ``Lightning Round'' segment, and Advanced Micro Devices Inc. and Bank of New York Co. in the ``Lightning Round'' version.

He also told viewers to avoid Bank of America Corp., Regal Entertainment Group, Apollo Group Inc., American Oriental Bioengineering Inc., S1 Corp. and Oracle Corp., as well as Inc. and Zoran Corp. in the ``Lightning Round.''

Investors should buy Exxon Mobil Corp. if it drops to $75.

Cramer said he owned Zoran for his charitable trust.

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