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Jim Cramer's Top Takeaways: Valeant, Kimco Realty, Simon Property Group, Integrated Device Technology


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Did you miss last night's "Mad Money" on CNBC? If so, here are Jim Cramer's top takeaways for today's trading.

Valeant Pharmaceuticals (VRX - Get Report) : In an exclusive interview, Cramer sat down with Joe Papa, the new chairman and CEO of Valeant Pharmaceuticals, to see whether this embattled drugmaker can turn itself around or will remain a value trap for investors.

Papa said as a 35-year veteran of the pharmaceutical industry, he took on the challenge at Valeant because its products make a difference in patients' lives, and that is a noble cause to pursue.

When asked how he can turn around a company facing regulatory and accounting issues with an ailing balance sheet, Papa said his first job will be to stabilize the company and reinvigorate the employees, who have had a very difficult nine months. From there he will begin working to fix Valeant's many issues.

Over the long term, Papa said he's very optimistic because Valeant has leading global brands in many areas and 33 new products in the pipeline to fuel its organic growth. Fixing Valeant will benefit the entire pharmaceutical industry, Papa said.

As for his former company, Perrigo (PRGO - Get Report) , which took a big hit when Papa stepped down, Papa said Perrigo is in...