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Actionable news in VRX: VALEANT PHARMACEUTICALS INTERNATIONAL,

Cramer: Buy Valeant for a Trade Ahead of Bill Ackman’s Monday TV Appearance

For those wishing to trade Valeant Pharmaceuticals (VRX - Get Report) , which on Friday made its delayed 10-K filing with the Securities and Exchange Commission, TheStreet's Jim Cramer recommends buying the stock for a trade ahead of activist investor Bill Ackman's TV appearance on Monday.

Ackman, who was appointed to Valeant's board in March, will appear on Scott Wapner's CNBC show, Cramer said.

Cramer said he believes that Ackman, the founder and CEO of Pershing Square Capital Management, is going to get Valeant's stock up.

"So in weakness today...then I think you want to buy Valeant for a trade ahead of Wapner and Ackman," Cramer said.

Valeant shares were trading at $33.26 as of 11:40 a.m. on Friday, down 5.6%

Valeant restated...


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