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tv   Mad Money  CNBC  April 2, 2012 6:00pm-7:00pm EDT

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kansas. there. kansas. see you tomorrow at 9:00 a.m. and more fast money. mad money with jim cramer starts right now. i'm jim cramer and welcome to my world. >> you need to get in the game! >> they're nuts, they're nuts! they know nothing! >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." other people want to make friends, i'm just trying to save you some money. my job is not just to entertain but to teach and coach. tonight i'm giving you a little driver's education. the specific as much climbed 7.4%, nasdaq up .9% i think
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people are being misled of who is actually driving and who is along the drive. we got positive numbers out, yes, china! numbers showing real nice growth, growth so strong you could argue the possibility of a hard landing and economic crash in the prc taken oft tables. the numbers cheered me when i heard about them saturday night while attending an elk's club bash, i toasted the communists with a nice cold brewski because it looked like we could move higher monday morning thanks to china's strength. because of that good cheer, i forgot about this land mass called europe that stands between the asian book and the u.s. book. on wall street we talk about a kirch kind of book than you might read at home. i for the moment thought that
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the book handoff, another technical term, might somehow go from china right to the united states, not stopping in europe, do not pass go. you know what i have mean? stupid, very stupid. even when you consider how my judgment was probably a little impaired. sure enough, just as we've seen, that whole darn continent takes its cue from the weakest countries, not the strongest ones. while germany has a strong economy, the rest of of the countries are getting weaker. buttressing the negatives, a weak purchasing report showing contraction in manufacturing. so saturday night, high as a kite right off the china thing. then between 4 a.m. and 6 a.m. this morning, europe gets hit, spain and then italy, the two
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weakest major economies o obliterating the positives out of china, everything looks like freefall again in china. you know what the chatter was among traders? that we didn't want china to be strong because that lowers the chance of rate cuts that can stimulate global growth. in other words, no, the glass isn't half full with good growth from china, it's three-quarters empty because the news wasn't bad enough to trigger interest rate relief, meaning china can't offset weakness because the china government isn't doing enough to promote growth. i could barely believe my ears when i heard this stuff. it's nonsense. however, these days nonsense passes for intelligence. that twisted logic gets imported to the united states right inside the european book and we are weaker at the opening thanks to the interpretation by europe that china is bad news.
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but at 10 a.m. we get information from our own economy, our country, data from our manufacturing sector, our purchasing managers report and it real strong, showing an acceleration of our economy. at that point our averages go from red to the green and they never look back. get this, we take europe right along with us to the point where their averages closed even higher than ours! which brings me full circle to our driver's ed lesson for today. first, in 2011 europe was most certainly in the driver's seat, china was righting shotgun. u.s., we were in the back seat, hobbled by a divided congress. it looked like the economy might be able to grow on its own accord. the president and congress couldn't agree to extend the debt ceiling, something that could have led to default. we were almost the first nation in history to default on its obligations by choice, not because we couldn't pay. as the fall went on, our
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european driver lost its way. while the chinese shotgun drivers are busy shooting themselves in the 2 billion feet. we were asleep doing nothing, waking our parents "are we there yet?" we should have been given some dvds to keep ourselves busy. but a funny thing happened when 2012 began, we changed drivers. the united states took control of the wheel. on our side riding shotgun remains china the different being when the europeans want chinese to cut rates asap, we're satisfied if they simply avoid a hard landing. the transliationtranslation, a
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drill. it's almost as if we refuse to recognize our european cousins are merely along for the ride and it's a good ride as we saw the averages go from hideous to beautiful. now our economy is in charge. the rest of the world now follows us. that's the way it used to be. it's that way again. it means that our tech and retail stores, travel and retail stocks, housing and restaurant stocks can all go higher. that's what happened today. we got an across-the-board rally in each of those areas. sure, the china riding shotgun helped. the on stocks china can take higher are the stocks we want to be tame, coal, agriculture, oil. when they lead inflation rages and purchasing power of every
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day americans goes down. our american companies, which are either already doing business there or just started to do a lot of business there get a tail wind from the prc. starbucks, coach, yum brands, mcdonald's, nike, coca-cola, pepsi, imax. you'll hear that later in the show. bottom line, if you know who's driving the car, you're going to be able to make some terrific buys every time we pull back because misled investors think europe's behind the wheel wearing spanish glasses, peering through a broken italian windshield. the united states is driving the car, just like it did during the great bull markets of the 80s and 90s. as we enter a brand new quarter the same wave we exited the last one ush might be surprised by how far this car can go with a robust and sober driver behind the wheel. richard in illinois, please. >> caller: jim, how are you? >>. >> i'm good.
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how are you, rich? >> caller: i'm good. hanging in there. my question was with groupon, i bought it at its highest peak but now i'm getting killed on it. should i keep it or sell it? >> you know, the wall street promotion machine is still behind it. they said a lot of positive things about it and then couldn't get the stock higher. so what i want to you do is wait two or three more days because the wall street promotion machine has to get this higher because they want a lot of bank investment business in this area and dump it. wherever it is three days from now, i need to you go. i do not think it's a sustainable business. john in virginia. john. >> caller: jim, i'm interested in kkr. i bought some in february and the price hasn't gone up. today kkr announced a $300 million purchase of natural gas field. should i increase my position, sell or hold? >> you know what, i don't think -- to me i've been saying that the one you want to be in is kkr financial holings.
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that symbol is kfn, that's 7% yield. not the other one. before you follow the leader, you need to figure out who it is. get who it is, guess who's behind the wheel -- we are! "mad money" will be right back. coming up, natural selectioselectio selection? inning's shocked the street. and later, investing in 3-d. more fliks are moving to 3h did. and we'll talk to the ceo of imax. plus, hats off? red hat jumped nearly 20% last week after blowing away earnings expectations. could this red hat cloud stock head even higher? or is its up side capped in cramer speaks to the company's
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ceo just ahead, all coming up on "mad money."
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i don't know about you but it seems like lately every stock that comes public has a massive first day pop, exact target. we've witnessed them going through the roof. just because a company spikes when it goes public, it doesn't necessarily mean it's overvalued. i'm always telling to you stay away from the fresh faced ipos on the after market. it's safe to buy them if you get in on the deal but they're dangerous to purchase once they begin trading. however rarely we'll get a stock that comes public with a gigantic spike and it's still worth buying afterwards, a stock
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where they justify the hype. talk annie's. it's priced at $19 and then opened at $31.11. an instant 64% gain and finished the day up 89% at $39.92. the next day it surged to 40 before pulling back. after that right off the bat move, it easy to assume the stock must be wildly overvalued. up 89% in a single day? this is some sort of absurdly overhyped stock driven to irrational levels by hype and animal spirit, right? wrong. stay with me. when you're dealing with these newly minted ipos, you can't let
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the initial stock throw off your judgment in there's earnings here the underwriters priced this way too low, just like they did with kors. annie's was a total giveaway for anyone who got in on the ipo and, like kors, after it went public, it's worth buying. it made me rethink my analysis. i normally would have said bear, now i say bull. i think of annie's which makes organic mac and cheese snack pizzas as being like the little brother of haynes celestial. the stock made you a ton of money over the years, part of the huge secular trend towards healthy eating. if you want to figure out if
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annie's is expensive or not, you have to look at its price-to-earnings multiple compared to haynes. i will admit when i was on "squawk on the street," before i saw the numbers, i was ready to conclude that annie's had flown too high too quickly. that was a snap judgment. now i think the stock represents a bargain. so right now haynes is selling for 25 times this year's earnings estimates. if we assume the company only gross at a 15% clip and that's way too conservative, it's selling at 23 times earnings. it's cheaper on a valuation basis than hayne. hayne is a fabulous company that has a lot of up side, clearly
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arg articulate vision. annie's does present a proven buying community. now because annie's just came public and there's not research on the company, it's harder to extrapolate what their future growth will be. even though it's hard to pinpoint exactly what their growth will be going for, it safe to assume annie's will be growing faster than hayne, yet it has a lower growth price multiple. not only is this stock not expensive versus its compare, but frankly it's there's a strong case to be made that it's still cheap versus its compare. and that's hough we think on wall street. we don't think of cheap versus general motors. we think of cheap of some company that is is an apple to
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an apple. plus the wall street promotion machine will get way behind this one. the bottom line, don't be scared off by newly minted ipo because it had a first day pop, which i have learned from kors. a lot of times that means the deal was priced way too low. that's what happened with kors, that's what's happening with annie's. i think this company could very well be the next hayne. annie's is to hayne what underarmor is to nike. i bet the stock goes higher from here, especially as we approach the end of the quiet period and the beginning of the analyst promotional push. tom in florida. tom. >> caller: thanks for taking my call. >> my pleasure, tom. what's up? >> caller: my question is regarding domino's pizza, given the $3 per share dividend and subsequent pullback in the stock
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price, what's the long and short-term outlook? >> one of the things -- i tend not to like to recommend these right after the dividend. the last time with domino's, you had to do a little churning. the stock does churn. i do think mr. doyle will do a great job and the stock is not expensive but we did just have that catalyst. that catalyst is done. i want you to wait until it goes to 33, 34 before i would pull the trigger as much as i think doyle is fabulous. let's go to phil in washington. >> caller: hey, jim, i've got a holding in craft and unilever. i'm thinking about let going of unilever and piling on in craft. >> that's exactly what stephanie downd on cnbc, we both felt because craft is splitting, it offers more value. unileaver had a good day today. maybe that's your chance and plow it into craft worried an ipo came out of the gate too
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quick like a bunny and you want to bet on the tortoise? well, it isn't tortoise and hare. annie's is a little bit cheaper. after the break, i'll try to make you even more money. >> coming up, investing in 3d. for flicks are moving from the big screen to the bigger screen. but should you be buying a ticket? don't miss cramer's blockbuster exclusive with the ceo of imax. and later, hats off? red hat jumped last week after blowing off expectations. could this stock head higher or is its up side tapped? cramer speaks to the company's ceo just ahead. all coming up on "mad money." ea♪ ♪ ...stream, stream, stream... ♪ whenever i want you, all i have to do is... ♪ [ female announcer ] introducing xfinity streampix.
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two of the most important are energy security and economic growth. north america actually has one of the largest oil reserves in the world. a large part of that is oil sands. this resource has the ability to create hundreds of thousands of jobs. at our kearl project in canada, we'll be able to produce these oil sands with the same emissions as many other oils and that's a huge breakthrough. that's good for our country's energy security and thaand our economy.through. after years of struggling, has imax finally made it? looks that way. stock up 35% to date. reporting their global first quarter business was up, thanks in success to "the hunger games." it used to be imax had to beg filmmakers to run movies on
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their giant screens. disney and warner brothers are signing multi-year deals to ensure they have imax slots for their releases. 3d technology has finally caught up to imax, to where viewers are willing to pay up to watch on a truly jie normous screen. plus imax has a national international growth kicker. probably the most important part. it used to be a domestic country. now they're expanding all over the world, especially in china. international expected to count for 60% of the company's sales. international screens tend to be a lot more profitable. transformation eems -- seems incredible. we have the ceo of imax here to talk about where his company is
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headed. welcome to "mad money." >> great to see you. >> great to see you, too. >> there are a couple um companies that have been able to make it so china is the most important part of their business, it's yum, starbucks, coach wants to be there. you're likely than all of them to have your business be bigger than the in the united states. >> we have about 225 imax theaters. in china about 100 are open, compared to 350 in america. when we opened "the dark knight" in 2008 we had 100 imax theaters in the world. now we have 225 in china alone. we opened avitar in 2009, we opened on 13 screens. we're looking at 225 in a couple of years. it's been meteoric. >> a lot of people feel that it's been a rocky ride. some of it is just an embarrassment of riches. you do avatar and then you can't
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live up to it because it was gigantic. now it looks like a have you a couple of steady revenue streams, technological but also with studio fees and theater houses all over the world. >> exactly. we've been growing at about a 30% compound growth rate for the last three years. we have over 250 theaters in bag log. that growth rate looks in place for the next couple of years. so you have this steady line of theaters, which generate recurring revenues to imax. if the theaters pay us royalty and the exhibitors pay us royalties and the studios pay us royalties. as you grow that network, you get more recurring revenues. the problem is it's the movie business. you have avatar one time, a movie that doesn't work so well the next time. but i don't look at the company that way pip look at it as building a recurring revenue machine. >> if you would have come on a year ago, i would have worried
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about the episodic earnings per share. it looks like you're getting frarp that. at the same time individual movies do spike things. you had the great number you released today. people want to see 2d on your screen, too, because of the sound, the buoy of it? >> imax is something that transports you where you otherwise couldn't go. you didn't mention it yet but the economy, if you can't go on vacation or gas is high, you go to an imax theater and you feel like you went away someplace. so "mission impossible 4," "the dark knight," they've been some of our most successful films. we have "the dark knight rises." we have "dark shadows" which is a 2d film. i think 3d for the right movie is the right nithing but not everybody. we say whether it's 2d or 3d it
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doesn't matter, as long as it's imax. >> you talk a lot about saturation. i live in jersey, okay? the two theaters closest to me are jersey city and clifton common. there's only nine theaters in all of new jersey. how can that be saturation? >> we give exclusivity to a film zone that does about $20 million in box office. because we don't want one across the street from each other. it is more expensive to put in the equipment and you need a certain base before you can go in. the problem is some areas are too rural or too affluent to have that scoconcentration of population. you want to go in the population centers. >> there was a lot of articles this weekend about "titanic."
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these remakines are not part of your core business, right? they're too expensive? >> there are certain movies, if you look at "lion king", it did fantastic but it was rereleased but they're aberrational. i think "titanic has a shot at doing well. and imax is more square than rectangular but it's not going to move the needle. >> a lot of people take their kids to the different imaxes that might be in museum, in -- the ones that we first saw. still a good source of business or you just kind of do that for -- as a good gesture? >> well week think it's important to our brand, first of all, because that's our heritage. one of the problems in those museums is they're still film-based systems. when you're film, believe it or not it costs about $30,000 for one print in one theater. on our commercial side we
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transitioned to digital where it costs $150 per print. so we're in the process of converting over the museums. it's not a great business right now but we acquired some technology from kodak, we bought a bunch of patents from them -- >> i saw that, for very little. >> to do some laser technology. that will enable to us convert the museums and then i think it l will be a profitable business again. >> i'm trying to understand the economics. india the ticket price is very low and you can't markup imax. in china it cost as lot of money to go to the movies. >> an imax ticket is averaging about $15 in china. >> how can they afford to go to the movies? they can barely eat. >> fortunately for us there's enough who can eat and go to the movies. if you look at the per screens in china, they're almost double than what they are in the united states. i also think we became part of the growing, film-going culture.
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in china when they grew up, this is the way to see blockbuster movies. >> and you think this summer we have enough blockbuster to continue the -- >> if i could predict movies, i'd be one of the senamartest g in the world." the dark night rising." >> and the warner brothers multi-film deals are important to you? >> years ago they were important. now our business is good enough, there's much more people that want to put their films than we can play. it's not just them. whatever we did, "hunger games," we've got lionsgate, paramount, universal, pretty much everyone. >> you're able to insert "hunger games" and take it out when you
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get "wrath." if there is a 3d movie, can you insert that and take out what was the week before? >> it doesn't matter if it's 2d or 3d. whatever the movie is, we have some flexibility in our schedule. "the dark knight rises" you're going to want to play for six weeks because it will bring a lot of people in. but you do have flexibility to move films in and out. >> last thing. it's easier to build a new imax theater in china versus converting a u.s. i was watching what starbucks was saying over the weekend. starbucks is talking about literally hundreds of cities that still don't have starbucks. i have to presume even though you have all those screens, there are major cities of more than 1 million people that do not have an imax right now in china. >> i offer this as a caution, i heard it secondhand. i heard there are over 30 cities in china with over a million people that don't have a movie theater, let alone an imax
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theater. yes, there's a very good untapped market in china. >> excellent. >> guys, this is no longer a stock that i think is going to vacillate like crazy. i think we're finally at that level to have that great secular growth story. that's what should make imax attractive to you. state with cramer. >> hats off? could this red hot stock head even higher? or is its up side tapped? cramer speaks to the company's ceo just ahead. [ todd ] hello? hello todd. just calling to let you know
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it is time for the lightning round! >> sell, sell, buy, buy. are you ready? time for the lightning round. i'm going to start with carmelo in new york. >> caller: jimmy! >> what's up? >> caller: i want to give you a big buffalo bring on the bulls
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booyah! >> all right. what's up? >> caller: you've done well for me. my question was on titan international, twi? >> yeah. if you're going to buy auto parts, i'm going to send to you magna, a straight up compare, mga is your play. brent in texas. >> caller: booyah. from irving texas. >> you're where the action is. >> caller: sears holding, shld. what in the world is going on with sears holding? >> eddie lambert, let's say he's trying to get the business up to day. i think the stock is a no buy. need to see real numbers. that's what moves stocks. >> jerry in florida.
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>> caller: booyah. i'm wondering about apc. >> if you like oil and gas, you like apc. all that said, i went over the charts this weekend, had them delivered to my house. these charts are nasty for oil and gas so don't bulk up right here. let them come down more. let's go to charlie in florida. charlie. charlie? >> caller: hello. >> charlie? >> caller: my name is charlie, yes. >> you're up, charlie. what's up. >> wanted to know what you think of cerna? >> that is the best in show. we compared it with all scripts and say cerner is the better company. >> let's go to stafford in oregon. >> caller: my question is google. >> i think google is really good. they've left everybody else in the dust and the stock is
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undervalued on a price-to-earnings multiple. let's go to steven in connecticut. >> caller: booyah to you. the stock is arlt. i bought it three years ago, i doubled my money, i got 11% return but the epa doesn't like coal -- >> i think you got to move on. wasn't that really the takeaway of the american electric power interview we had on friday? epa, maybe they're starting to get to their senses when it comes to natural gas but boy, are they anti-coal. >> john! >> caller: reporting from south alaba alabama, jim. >> that is our headquarters down there. >> caller: checking out cisco systems. >> i think cisco's a buy. i like what i hear from siena. cisco works. that, ladies and gentlemen, is the conclusion of the lightning round!
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what do you do when a
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company reports a blah quarter and its stock shoots through the roof? that's the conundrum we face with red hat, cramer fave software company that shot the lights out causing stocks to surge a whopping $10 the next day, 19% gain. red hot became the second hottest tech stock of 2012, up 47% year to date right behind its colleague and partner sales f force.com. with windows you pay a big license fee to use the software and you're at microsoft's mercy when it comes to upgrading or fixes mug. red hat, they give away the software, i free think software and let you fiddle with the source code but customers have to pay red hat a regular subscription for support like updates and bug fixes, which happens constantly. businesses love red hat because
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the up front cost is lower and the company is so adept at solving problems. most personal computers run on windows but the future of computing is in the cloud and red hat is used in 80% of cloud markets. it's been moving into middleware, management companies, all of which cause crossover opportunities. plus red hat's core business plugged into the big data business, another huge trend we've been highlighting. how about the staggering increase in digital information, you need to store, process and analyze it. it's a subscription based business model means 85% of its reef ne revenues are recurring. they differed a 2 cent earnings beat on a 27 cent basis, rose
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23% year over year. but the big surprise of 392% increase in billings. since the last time we spoke to the ceo in october, has red hat become too red hot or does the stock have more room to run? mr. whiteurs, welcome back to mad money. >> it's great to be back. >> this was a monster quarter. i'm trying to get into the psycholo psychology of how a monster quarter could have been missed by many. i expected big things from you. it seems like wall street is looking at a different model from what you're doing. you've been consistently saying all these things can happen, they consistently underrate you and overrate your competitors. they overrate microsoft. why is it they don't understand the power of your business model? >> well, because the fundamental business model is so different, right? it's a very different model where we rely on broad
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communities of users and big 2.0 companies to develop our software. our cash flow characteristics are far superior to other companies with a similar revenue size which makes us more profitable from a cash perspective and we're able to continue to grow that. every year the analysts model our growth rate will decelerate and we continue to accelerate and that's where the disconnect has been. >> when i go through your excellent web site, you've got a particular analogy i want to walk our viewers through. it's the first time i've used it but you can really make a lot of sense of it for us. you say that you're like boeing. each iteration they change a 747, 757, but you got to maintain the old boeings and introduce new boeings. why is that a better analogy than microsoft way? >> pick a big customer, the new
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york stock exchange. when they spend millions building a trading platform, they want to make sure five or ten years from now they don't have to change the underlying operating system. this they do, they'll have to change their trading platform. we offer multiple versions against our software to make sure people can can run the big platforms for dozens of years. so it's a big, big, big source of value and it's very sticky to our big customers. that's a key source. the other source is we're taking that same model and expanding into other areas. data is exploding. we've entered the storage market with a disrupt of storage platform very similar to lenox. and that market is growing dramatically as people are storing more video, more audio and so we have multiple revenue streams like that that we can do the same thing we've done with lenox. >> you're talking about the gluster acquisition? >> yes. >> you didn't have a lot of
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gluster in this quarter and analysts are not modelling in what this business can do. this is a 2012 business this acquisition, flight. >> absolutely. we just acquired it. because of subscriptions, anything we did this quarter don't show up in revenues over the most recent quarter. we see a huge opportunity there, about an big opportunity in virtualization, continuing to build our middleware business, on top of continuing growth along with the cloud of the core lenox business beep have multiple models of growth. >> what i thought was interesting, you candidly admit you're pretty far along with the investment banks but you say you're very early with the rest of the banks. investment banks are only a handful of those. we have thousands of banks. are you in to get those as customers? >> oh, absolutely. in fact, really the best commercial bank customers for us are the ones that are integrated with investment banks. the big investment banks been using our systems to run their
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trading platforms for years because it's faster. those banks are saying they want to move all of their core banking systems on the retail side over. not only is it faster but it's also cheaper. they've seen it with run the most mission critical systems. the entire banking system is a massive opportunity, same with telecos and health care. >> you said teleco hasn't been spending yet that, could be this quarter or next quarter's business. >> oh, absolutely. absolutely. still a lot of those core businesses, whether it's the core teleco billing systems and operating system, core banking systems, we're just scratching the surface on those. i was asked on the call what inning are we in lengox and i said we're still in the third inning. we still have a long way to go on lenox. >> you've got a case study there did about how dreamworks needed to be able to do right-hander
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forms and t -- render forms and the only way they could do it with red hat. maybe they'll get what you do with dreamworks. >> if anyone has done a home movie, it takes a lot of computer power to put a regular movie together. when you are rendering an animated picture in high def, it makes millions and in some cases tens of millions of processor hours to rendary full-length movie. if you can imagine a studio like dreamworks needing to spend millions of processor hours, they need tens of thousands of processors running for many, many hours. we have by far the fastest system as well as the capabilities that allow them to run all of those in parallel. no other operating system can do that. there are a myriad of examples like that. the movie studios are like that. can you imagine huge render farms sitting there with computers, just whole data centers crunching away on that. same thing with travel sites and
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you're doing search. >> because you're for delta. >> absolutely. >> jim, unfortunately, i have to wrap things up. this is a joyful quarter for everyone who has ever listened to you on our show would know that you could do this quarter but these highly paid, multi-million dollar analysts keep missing the story. and they're going to miss it again, which is where the real opportunity. jim whitehurst, thank you so much for coming on the show. >> thank you, jim. great to be here. >> guys, we are in the early innings. i know that it's got a big move. we'll catch some bad day because of oil or because of europe and you got to be thinking about red hat when that happens because this business is exploding just now. stay with whitehurst, rht. stay with cramer. zap technology.
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. what do i think about avon? you give the company a new ceo and remove the competent andrea young from any role, no takeover is needed to get serious reaction here. i'm talking about the low ball bid on the table from coty. that said, i think this stock would have already been considerably higher than coty's $23.25 bid if the board of directors had only taken the tough action that's so warranted here and given young the boot rather than allowing her to hang on to her job until they find a
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successor. by simply getting rid of her months ago and bringing in a new ceo from outside the culture, avon would be in well above its current price and be in a position to by coty. young was removed back in december when she was fired from the ceo job, which precipitated a bottom in the stock. that's how the wall of shame works. we induct executives who can instantly send stock higher by stepping down or being removed or wanting to spend more time unrequited with their family. we want them to take a real vacation along with the perm nen -- permanent intellectual one they've been on. as much as young may have been able to damage avon, there's still plenty to work with because of the company's outlasted young's regime. that's i didn't think avon was right to say no to coty and why
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the company should go o on their youngless search for a ceo. when air gas said no to a low ball bid from air products and then management almost immediately took them well above the offering price. avon would be wise to ignore the course. two things have to happen. one, coty should be told no thanks, avon did that earlier today and, two, i believe young should be removed from all jobs and a new ceo brought in from outside the organization to right the ship. then and only then can avon restore its luster and experience the growth that others in the direct marketing industry have enjoyed during young's simply abysmal tenure. stay with cramer. next -- >> thou shalt not regulate, business, energy, especially oil and gas. stop it. unshackle business. >> larry's ten commandments of
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growth next on cnbc. create job. oil sands projects, like kearl, and the keystone pipeline will provide secure and reliable energy to the united states. over the coming years, projects like these could create more than half a million jobs in the us alone. from the canadian border, through the mid west, to the gulf coast. benefiting hundreds of thousands of families throughout the country. this is just what our economy needs right now.
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seconds away in "the kudlow report," gas prices at $3.93, the president conveniently forgets to talk keystone oil pipeline with the canadian prime minister. but epa's crackdown over fracking and the dumbest regulations on record. why stopping stupid regs is one

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