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tv   Mad Money  CNBC  July 10, 2012 11:00pm-12:00am EDT

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than stimulant laxatives, for effective relief of constipation without cramps. thanks. good morning, students. today we're gonna continue... i'm jim cramer and welcome to my world. >> you need to get into the game. >> these firms are nuts. they know nothing. nothing. >> i always like to say there is a bull market somewhere -- >> "mad money" you can't afford to miss it. >> i'm cramer. and welcome to cramerica. other people are trying to make friend friends, but i'm trying to make you some money. it's my job not just to entertain, but i'm doing some teaching tonight. so call me at 1-800-743-cnbc. look. nobody said the stock market is going to be easy.
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to dday the dow sank 83 points d the s&p down a point and 8%, and the nasdaq, nose-dive a full percent. how can we measure this market's obtuseness? what do i mean by this? well, we have to look at two charts. the chart of cummings, yeah the big engine company and the giant trucks over laid on the dow jones industrial average. take a look. yes, news out of the terrific truck engine company arguably one of the two or three best american manufacturers drove this whole market lower thanks to the midday release entitled "cummings increases dividend by 25%, updates 2012 revenue outlook." well, how could that be -- you see yellow comes and then, boom! the whole market follows it. so you have to expect good news,
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because cummings have paid 40 cents a share and maybe you thought it would lift and not plummet $8.53 to finish at $86.91. >> the pain! >> and i mean, we are head over heels on this show about the dividend boosts largely because of the anti-notorious big philosophy of more money, fewer problems. remember though nothing is more importantn't that the outlook and i want you to think of the chart when you doubt me on that concept, and cummings outlook is not awful, but seriously disappointing, so disappointing that before i tell you how you could have anticipated and side stepped the very decline and not just because i suggested that you do that this very morning on "squawk on the street" i want to parse this statement to its fullest. because, it is a met fa ta for and not an analog for what awaits this huge earning season that is starting to unfold last
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night at 5:00 p.m. first, we get the glowing terrific news of the dividend raise, and including a statement from the ceo, that quote, with strong cash flow and low levels of debt, we are able to fund investments in the future growth and increased dividends to shareholders. wow, bravo. [ applause ] the company is not stretching the balance to stretch the dividend and one that we frown on. i am going to pay for this stock, and give me some pepper, and get me some cummings. well, then we get to the boom, the wrecking ball, the one that took apart this whole stock market, and stopped it right in its tracks and like cryptonite for superman, you know what i mean? first, and i'm reading from the release, the company also lo lowered the full year revenue for 2012 and now expects 2012 revenues to be in line with 2011 compared to the company's big
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guidance of 20%. that seems benign to you with cummings having a dynamite last year, and so what, because the phillies won 100 games last year and if they win 102, i'm thrilled. but in this business, no. it does not cut it. but the answer is that everybody gets mad, because cummings, the company has outengineered everybody in particular navistar, because they cannot create more engines with the emissions tests. so when a company says that their revenues should have increased 10%, and they find out they are flat, you think like this, people. you are to presume two the things that the best of the best is struggling and more importantly the world must be slowing rather dramatically for the happen.
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and you better believe that a revenue missing like that will cost cummings $1 a share and huge. immediately, instead of panting, i could hear the three deadly word words that constitute a stock obit ware, and i have both traded stocks and written obituaries in my career, slashing numbers, cummings. now, maybe a wrecking ball is too soft of a description of the next paragraph of the release, and maybe imploding dynamite that brings down the whole shooting match is a better descripti description. here it goes. we have seen the demand in some markets weaken recently as growth in the global economy has slowed. oh, doctor, nothing sad about that one. and cummings sells the equipment through 169 dealers through 31 countries and a that is sweeping the earth. and then the ceo is quoted by saying that the trends for the
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power equipment have softened and brazil and india and china are not improving as expected. hold it! hold the phone. we know that the u.s. has been weak, but brazil, china and ind india? that is the b-c and i of brick. the acronym for the fastest growing countries on the planet. so no doubt that the whole world is slowing if the b-c-i are slipping and the r, russia, cannot carry the world. and then one last one the revenues have been negatively impacted by the appreciation of the u.s. dollar against a number of currencies. that is a coup de gras, and the dollar has gone up this week and gotten worse. here we go. 271 words. 271 little words of inelegant prose from columbus, indiana,
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took down your whole stock market and why not. here is cummings best -- i mean, the best of the best. and the growth and the manufacturing with the flow ball scale was taking the market share from the principle competitor and now they are having a hard time and now you know the real truth of what is happening out there in industrial america. in the industrial world. sure, there was other negative news in the last 24 hours and the applied devices and the semiconductor firms and s semiconductor earnings that blew it up, and jcpenney announcing corporate layoffs and not long after credit suisse double d their ratings. and target and walmart are killing it out there with jc penny killing. so, am i an ambassador of goodwill tonight. and this is as pure a sign of
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pure sign of global slowdown as they come. you don't need anything other than this. so today's decline was all up on cummings and especially since europe was up last night and that means that the industrial international companies should come down, and that is why we could sell off so hard today and why we are not done selling off y yet. and now the description, how do we make money off of this? was any of this shocking? no sh no, not at all, and that is what is so amazingly stupid about the stock market and your edge comes in, so listen up. in fact, you would have known it was going to happen and the same way i did and the way to sell caterpillar and they were coming down because it was in alcoa's conference all last night and that call the ceo of this difficult to manage company came out and said specifically that the truck manufacturers, which is this, because there are really not any others, well,
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navistar and the mack thing, but cummings that they had dra dramatically lowered the al aluminum orders and cited truck orders and even in china which is dramatically on the decline, and plus he said it is going to be worse and not better. you know what he did on the call? i don't care what you do with alcoa, but sell cummings. he didn't have to say it, because that is your and my job. you could not say, i could not get down on a down day, no, cummings opened stupidly up, and not down but up more than a dollar and then continued to rally all of the way to $97.36 and remember this is a stock that closed at $86.91, and ten points and you could have gotten out with ease with a profit yet even though you got the call from the call to sell truck manufacturers, and then we had
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four which rallied nicely today and today was one plug ugly day, and verizon trading low, but anyway, the market can be dumb as flywood, and gypsum board, and no offense, but you can beat it if you do the homework and listened to alcoa, you got a advanced copy of the release. that is what you knew. to get out of cummings and a host of other industrials and jump ship in what turned to ut to be the great opening of a bad day. if you didn't listen and do your homework last night, then you are just as slow as the market yourself. how can you ever expect to be good. brad in illinois. brad? >> caller: jim, 25 years old and i watch your show every single day and i have been waiting a long time to get in here to give you a windy city chi-town, and boo-yah. >> well, boo-yah back at you. it is a tongue twister like a peter piper kind of thing.
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>> caller: well, a question about ford and how the stock may be affected about the recent news of alcoa, and alcoa beat the quarterly expectations, but they have high aluminum inventories and the the price of aluminum should drop next year, and what about that? >> well, clokrause klinefeld wap on that. he did talk about a strong dollar and that is bad for ford and weakness in europe, and that is bad for ford. so that was not as easily spelled out as the way he told you to sell, sell, sell, the truck manufacturers and that means sell cummings. the market is very stupid sometimes, but you don't have to be. and cummings is proof that outlook matters. "mad money" will be right back. coming up, face the charts.
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facebook will give investors a status update when it reports the first official quarter later this month. but tonight, cramer is turning to the technicals to find out if you should invite it into your portfolio when he goes off of the charts. plus, and the winner is -- cramer asks, and you answered resoundingly on twitter. which second quarter all-star have cry mare can cramericans give it the all-star? and jim is testing them next on "mad money." don't miss a second of "mad money" follow jim cramer on twitter. send jim an e-mail to madmoney@cnbc.com.
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now that the market has had some time to digest the most
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disastrous ipo in living memory, is it finally okay to buy some facebook? we know that facebook deal was a fiasco of epic proportions and soured people on the stock market worse than the flash crash and for good reason, but there is a price for everything and even the most tarnished merchandise and the stock has come down and six points below where it became public and ten points from where it opened on the trading, and you could say that i'm late here, because it is fair to note that the $31 stock has had a huge rally off of the bottom of $25 and change, and now after the sickening overpriced ipo, could facebook be worth buying? that is what we trying to answer op "off the charts." we are joined by the chief executive officer at t3 trading. let me say up front, i'm weary of going anywhere to facebook before it reports on july 26th,
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because we have heard too many worries about a slowdown in facebook's business caused by users massively and quickly going to mobile devices in droves over the last two months leading up to the deal, because mobile has dramatically lower ad rates and you cannot monetize this. and my view based on the fundamentals is that it may not still be safe and after all of the things gone wrong here, the prudent course right now is to wait and see the numbers. well, and the upside, i have to miss that downside, but i'd rather see something in the charts that makes them think that the danger may have passed and in fact, he likes it so long here, he is long on the stock which is wall street speak for he owns it. and it is not some bozo who has liked facebook from all along, but he has been bearish, and so that is why we have to take him seriously, because he also gave
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us the bottom of apple, because everybody and the brother had decided that apple was rotten to the core. so let me see if he changes his mind? he says he likes facebook for the reasons he hated it, simple supply and demand. the actual shares and the demand for them. let me walk it through you supply/demand analysis. looking at the first chart the first three days, and hey, it is a chart of three days. the first three days of trading for facebook following the ipo. and tons of deals why this deal was a walking, talking catastrophe, but as rather sees it, you could have focused on the supply and the demand after it became public. you knew it would be a mitigated catastrophe right off of the bat and these are tools that could be applied to any ipo and two we will talk about late mer the week and not just facebook. after the company is public, if
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the stock cannot stay above the opening price or the high of the first 15 minutes, that is a huge red flag indicating that the supply is overwhelming the demand and the stock is not worth trading. facebook opened at 42, okay, and then shot up to 45 in the first 15 minutes, but the stock never climbed back up above those levels later in the day. so here, here, and boom. that is strike one. a knuckler on the outside corner. and how about rubw about redler te test? if the offer drops below the offering price or closes near the low of the day, that tells you that it was mishandled. for facebook, it was 38 and on day one it closed 28 cents above that level. which is the second red flag in a sign from redler that you need to head for the hills. and then the next day, it ignited a frenzy that causeded
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it to fall from 38 to $31 in two days a pain that you could have side stepped by following the two simple rules for assessing supply and demand shares for a new company. if you remember when i was on tv when it happened i said it has to hold this price and hold this price and that is because i subscribed to redler's thesis. now, check out the chart of the first dozen of days of trading after facebook's ipo. after the initial crash, facebook paused for a few days and tried to find a floor of support. however the first pattern that facebook made is what is known as a bearish flag, because it looks like a flag and that is where after a big decline the stock will work its way gradually higher on lower volume. and what makes so it bearish? that is continuation pattern and that is a stock marking time before it presumes the previous and in this case downward trajectory. so redler believes that the pain of facebook is far from over. again, it was slammed. so it does this continuation
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pattern and bingo, in early june. now fast forward to today because facebook has rallied back to the $31, and now redler believes that now it is positive. okay. so take him seriously and what has changed? take a gander at the facebook's full daily chart since the day of the disaster, all right. get it up. in the next pictograph, and remember, this is supply and demand and the oversupply of shares is hanging over the thing, and stripping with demand that should lead to higher prices and when the demand creds supply, then the prices come down and that means that buyers will come out of the woodwork to buy. and it is a cup with a handle
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and it is silly, but it is the most reliable shapes out there. when you see this going sideways in a tight range that looks like a handle, that is signalling to guys like redler that the stock is ready to roar as soon as it breaks out above the top of the handle. it has been trading well in the terrible decline even in the last couple of days. and redler says it is a solid buy from $30 to $32.50, but he'd like it more if it breaks out to $33.50, and you know, i am not a buy high and sell low guy, but the technicians are. so, sometimes. in that case, and based on the size of the last rally from the bottom of the cup to the beginning of the handle, redler believes seven or eight points and back to $40 and we haven't seen that since the first day of trading. i think that facebook is too dangerous to own for people switching to mobile devices and the ad rates are lower and the last two months have been unbelievable. i want to wait to see what the company reports.
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and the bottom line, according the redler, the hideous chart of facebook has turned up, and it looks like there is something to like about facebook and not enough to make me endorse the stock. but, it is a start. after the break, i will try to save you some more money. coming up, and the winner is -- cramer asked and you answered resoundingly on twitter. with second quarter all-star would have cramericans picked to hit it ot of the park for the rest of the year? the results of the stock derby are in and jim is giving this one the greatest test yet. and later, silicon valley, and the specialty metals that provides compounds to the world's largest industries, but fears of a global slowdown have caused this stock to meltdown. it is about to reverse course? cramer with the exclusive and
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the ceo is just ahead all coming up on "mad money." [ male announcer ] research suggests the health of our cells plays a key role throughout our entire lives. ♪ one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. ♪
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baseball's vegs of the all-star home run derby, we offered our own. this is the most interactive show on television, i gave you the highlight reel for the quarter of the biggest gains, and pharma and us airways and prince fielder and -- i mean, maybe not the last one. then i gave you, the viewers, the name that would surge in the second half of the year and i promised to do a deeper and up close analysis of whatever stock you home gamers chose as the winner once i knew that the tribe had spoken. now the polls have closed and we have tallied the results. and in dead last, farm cyclics, and us airways, and the big story with them merging with amr, and then third, onxx and then lcc and the winner is arena pharma, overwhelming 67.1% of
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the vote. [ applause ] the people have spoken and their choice is crystal clear. you home gamers think that arena has the best shot by far of continuing to play like a champ in the second half of the year, which brings us to the big question, we know that the voters preferred arena by a big margin, but were they right? should we listen to the voicef of the people when it comes to picking stocks. let's look closer at arena pharma by looking at the same speculative stock we look at here on "mad money." it rallied up 225% and the stock is up a whopping 500% year to date and it has had a tremendous run and it is a research stage company and the secret to arena's success is a weight loss drug that is the first anti-obesity drug that has been approved. of course, we have an obesity epidemic here in the u.s.
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so they believe it will make arena look like cheap even after the massive run considering that the market cap is slightly more than $2 billion, that makes you want to like it, right? this all sounds sexy, but i worry that it won't live up to the hype. honestly, the fact that so many people voted for arena makes me a little bit more skeptical than maybe i should, because we like the small speculative biotechs when they are undiscover and not many people believe in the story or the company, and that is why they are well liked with a huge number of believers. they have gone from $2 to $12, and how much higher can it go, and what about if the story does not pan out like we think, how far kit fall? this is a case of risk and reward that is no longer in your favor. what could go wrong? well, for starters the
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anti-obesity drug is blown out of proportion. it only produced 5 to 15% weight loss over 12 months which is not particularly effective when you any that the drug is to beic taen by folks who are morbidly obese and we are talking about folks maybe 100 pounds overweight or more. it is a game-changer if you ask, and nowhere near say diet and exerci exercise. you can't take more of the drugs to produce better results and it is not safe and can cause hallucinations and other psychological side effects and even worse the drug's label says if the parabtient does not lose% of their weight, they have to stop taking it. even if they keep taking the drug the insurance company will stop paying for it, and it is even covered by insurance in the irs first place, because a lot of the policies don't cover obesity in the first place. and the huge hmo wellpointe
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said, no, we are not covering t it. assume that arena's drug does live up to the height, and maybe bellviq can be a blockbuster, but at best the company gets a 40% cut and when you take that into considering based on the company's current marketization, it is likely to be a $ billion drug which is way above anybody's estimates. the partner here that they are relying on the distribute the drug, okay. they are a small u.s. presence and not encouraging considering that belviq will have to be mas marketed and not like cancer or where you have a lot of patients. the thing that worries me the most is that it won't have the drug hit the market for four the six months. so it could be, and vivas has a weight loss drug called effexa coming up july 17th and if they get thumbs up, it will launch sooner, because it does not have to be launched by the dea and
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their drug is twice as efficacious on a place placebo-adjusted basis, and that is bad for arena. and it could be hit hard if vvus is getting their approval sooner. and even at this point some of the bullish analysts have priced arena lower, and you know they will pull it. arena may have won the vote, but the stock is not going to be a winner the second half. this is a situation, great one, but missed it. what is better out of the second quarter all stars? i think onyx pharma has a better shot of outperforming here. that is going to be my vote, because it is likely that the f diamondbacks a will approve the blood cancer drug and that would give them two products on the line. the bottom line, the results of the all-star home run derby is in, and arena pharmaceuticals is the people's choice, but i don't believe that it can live up to the hype.
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the fact that so many people like it makes me think that the upside is too much. and if you have been riding this one, i reiterate what i said last night, sell it and let the rest ride, and if you are worried about the sideline, then take the stock and play with the house's money. linda in connecticut. >> caller: hi, cramer. how are you? >> not bad. how are you? >> caller: i went to the market and got some new jersey peaches, and they are good. >> i am not kidding that my tomatoes are a couple of weeks late, but they are good already. >> caller: it is fabulous. here is my problem. i have a stock that is running with the bulls and they collaborate with world leading pharmaceutical companies and i don't know how the to play it. lkng. >> here is what i want to do for you, because these are stocks that are so in flux i have to do
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work and come back. i have to opine on that, because i don't know where they are at this exact moment. i have to wait and see. i have to wait and do more work and come back, because these are so day to day that i cannot opine without knowing where the tests are. the viewers chose arena as the top second quarter performer that is going to go all of the way. they expect it to be the all-star of the year. i respectfully disagree. stay with cramer. coming up, ride the lightning. take a non-stop thrill ride as cramer goes stock after stock and all of the calls are taken in rapid fire in the lightning round. later, silicon valley, and will the specialty metals that provide the critical compounds to some of the world's largest industries, but the appearance of a global slowdown have caused this stock to meltdown. is it about to reverse course? cramer's exclusive with the ceo
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is just ahead. all coming up on "mad money."
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lightning round is sponsored by td ameritrade.
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it is time for the lightning round on cramer's "mad money" and this is where you give me the namef of the stock and i tell you whether to buy, buy, buy or sell, sell, sell, and then the lightning round is over. are you ready, skee-daddy? mike in texas. >> caller: mike from big d and my tractor supply is tso. >> yes, i went there and i went to route 31 in plympton, new jersey and i don't know if the climate is right for it, because this climate is playing havoc and it is expensive and people are cheaper. i say stay on sold, and don't buy. jane. >> caller: from highlands, north carolina, jim. >> good to have you on the show. >> caller: my stock is honey well, hon. >> i like it and buy it between $50 and $51 with what happened
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with cummings, inc. >> caller: boo-yah, jim. my grandson jim wants to know about disney. >> well, after the a&e deal as the stock comes down, pull the trigger as my charitable trust will do right along with you. elizabeth in ohio. >> caller: boo-yah, jim, and thanks for helping not only me, but the next generation of investors as the nieces and the nephews get into the game. my company -- >> that is what i want. >> caller: my company is good rich, gr. >> ring the register time, and sell, sell, sell. let's go the michael in new jersey. michael. >> caller: cramer, i love your show, man. you are doing a great job. >> thank you, partner. >> caller: itt, and it is x ls because a couple of the high level execs retired in the last couple of weeks and including the president -- >> with that information i want to put it on hold and find out
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why and i won't give you an answer until i know, because i did not know that myself. james in new york. >> caller: boo-yah, from valley stream in new york. >> hello, jamesment wh menjames. what's up, my friend? >> caller: select comfort which has lost a third of the value in three months and it is an investment rather than the -- >> well, it is not king. i won't touch it. it worries me and it has gotten competitive and i will not be there. and steve in michigan. >> caller: steve in wolverine, michigan. and lulu lemon? >> well, you know, you buy some out six months and i'm not giving up on lulu. tracy in nevada. >> caller: hi, tracy from reno, the mad nva with a nevada
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boo-yah. my stock is chipotle? >> well, it is like lulu lemon and you have to buy it in a horrible market and i will continue to ir reiterate that you buy chipotle six or seven months out, but don't get out of great growth and i want to include starbucks and algene. that concludes the lightning round. in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account.
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it is the bot tos here on "mad money" and consider them an after fish gnaw dose and big bottoms and low bottoms and how can you tell when a stock is the is pound and finally going down and you get a bottom and take a look at the globe's leading metals and they are the leading supplier of metals and don't worry we will show you what that is and market share in excess of 30%. and still raising prices and prices decline and lately the
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prices are soft enough, and i like the fact that the company sees global consumption rise by 2016, and however, the stock has been hammered down 49% from a year ago and barely more than a dollar above the 52-week high. and it is not just the silicone component of the semiconductor industries, and most of the aluminum industry, and alcoa today and the steel business is going to be hurt and all of these could be hit worse than they get better considering the global slowdown. but of course, most of this was base baked into the stock and there were signs with the sales up 5% from the prior quarter and 19% increase in volumes even as the company missed the street's estimates on the earnings, so it does not make sense to speculate on a point or two from here. let's talk to the ceo of gsm globals. mr. bradley, glad to see you in person. have a seat. have a seat. before we get started i want to
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ask you, pause this is what the people ask me, the heck is silicone and what do they make and show us? >> well, we make a product called silicon metal, and that is used in hundreds of things that we all touch and feel and see everyday from the shampoo and the toothpaste to the tires on the car to the ipad, and they are everywhere. how do we make this stuff? we take quartz. >> found in a lot of places. >> not really. not really. we need a special quartz because we need low iron and pure quartz so it is not. a specialty coal found in two spots on earth. one is colombia, south america, and the other is kentucky in the kentucky mines that we own. and this is the most reactive high quality coal for silicon metal. >> you can't make your stuff without this. >> you can't make it without this. >> okay. >> and if you are making silicon
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metal, you will do a better job and you will have higher productivity using this coal than any other coal. >> and the ultimate apple is that you mix it with the woodchips. >> yes, and put it in a a furnace and heat it up to 3800 degrees and come out with silicon. >> who buys that? a shampoo company takes that? >> well, this is sold into the silicones market which goes into hundreds of products like the shampoo and the toothpaste and that is growing at the gdp 3% year over year and the biggest thing is the middle class developing and growing throughout the world and great market. >> you export it everywhere? >> yes, but mostly to tiz bnss here in the states which is 50% of the silicon metal. 40% ends up in aluminum castings and the most predominant part would be the rims on the car, and globally auto growing and last but not least semiconductor and solar.
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>> question know we know that solar is adjusting and shorting today, but adjusting. we have a perception and this is what i want to get at with you, there is a merception that you are a deeply cyclical company and therefore you lose a lot of money and the world is in a slowdown and the first thing that you sell is globe specialty metal and what is wrong with that? >> we are a very unique company, and cyclical company. >> yes, that is true. you are in the cummings land. >> yes, and the lowest cost producer of this stuff in the entire world. why? we own the entire supply chain. we have this specialty coal mine and we own that and bought it last year, and we have the quartz mines and the woodchiping operations and we are totally backward integrated and the only ones who are totally backward integrated. >> so if all of the businesses are in the up, and everything has growth and you have the huge growth that you are predicting who is coming in against you?
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>> well tbs u. >> well, the u.s. is the net produce oref silicon and we know that europe has slowed down so the guys putting product into europe, and specifically the south africans and the brazilians who are the marginal players and those guys are now moving product to the u.s. >> well, they tend to undercut anyone when they need to, meaning that it is a euphemism for the like dump here. >> well, that is what has happened. >> okay. >> but the bottom line, jim, is that we can make money in any market. when you go back to the crisis of '09, we never lost money. >> that is when you became public. >> and we never lost money. >> okay. well, when you guys look at this, i mean, if other countries are dumping on my word this product here, okay, even though you have low cost producer, when do prices go up? if the autos are built in 14 million autos and that is good
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and the semiconductors are in a secular bull market how come the pricing can't go higher? >> we believe it will. i can't sit here and tell you when it will, but if you look at the cycles the last cycle pricing peaked at $1.65 a pound, but often -- >> and where today? >> today, $1.30-ish. >> still making money. >> yes, a lot of money. >> and let me bounce this theory off of you, because i talked about it in the top of the show, but when the world is slowing and people take out and shoot small capital and middle-sized cap companies they believe will be hurt the worst by a world wide slowing even if it is not the case. would you agree with that supposition? >> yes, but weare unique and different. >> and so if the world does not slow down further, we would think that a couple of points off of the low zeest is a great opportunity? >> yes. and one more key opportunity for
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the investors, there is no new worldwide supply being built. we have a supply base that is not increasing and we are the lowest cost producer out there. >> and that should make it a point or two from the bottom and i know it is compelling, but the world and the perception matters more than reality right now in your industry. thank you, jeff bradley, ceo of global special metals and this is it, guys, this is what they make and no one else makes it in this country. i will be right back. unbelievable. "mad money" is right back after the break. [ male announcer ] summer is here.
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am sorely, sorely tempted to be like everyone else and call a bottom in the natural gas. there is a dramatic slowdown in the drilling. and there was an article this weekend about how they are going to aggressively stop drilling in the marcellus shale and go to natural gas in dramatic portion. meanwhile, we are so hot we are burning off a ton of this stuff. and so support iing the north american gas from u.s. and canada. and trying to do joint ventures with the nat gas companies and pay for the fuel outright, and the scrapping of the coal plants and the shutting of old ones and the quick building of new natural gas plants and courtesy of the epa which is the toughest we have seen, and only getting toughest. thanks for the latest u.s. court
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of appeals decision. trucks and automotives are built to be running on natural gas and economical. and gm and ford are going to focus on it as well, and it could all be for naughought. we are not getting it from either candidate. and i have listened to the ceo of continental resources and maria bartiromo's energy adviser talk abo -- and mitt romney's energy adviser. but in the north dakota fields, they provide clean burning oil and perfect forgasoli gasoline, ham ham may not be a good choice of mitt romney. and the former ceo is available, but that believes he is going to harness as a surface fuel for vehicles and the holy grail of
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fus use. what about president obama? he does not stop saying that nat gas is one of the many fuels and we know that he and the base are anti-fossil fuel and he is not a fracking defender that i can tell. but sadly without the support of washington and acknowledgment of one of the candidates that natural gas is the surface fuel of the future, calling the bottom could be a fool's earnings. and in fact, have you seen the stocks? maybe they have bottomed, but they are not going higher. don't bet on them rebounding in the near future without a change in the political climate. i don't see that happening. no, maybe not this election. stick with cramer. sitting on the sidelines because of all of the uncertainty in the market. >> thanks for turning my portfolio from mean to green. >> and with over 25 years of experience in bull and bear markets, let coach cramer show you how to play to win. >> i would like to thank you for keeping us in the game. >> "mad money" week knignights
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cnbc. i don't spend money on gasoline. i don't have to use gas. i am probably going to the gas station about once a month. drive around town all the time doing errands and never ever have to fill up gas in the city. i very rarely put gas in my chevy volt. last time i was at a gas station was about...i would say... two months ago. the last time i went to the gas station must have been about three months ago. i go to the gas station such a small amount that i forget how to put gas in my car. ♪
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that i forget how to put gas focus lolo, focust sanya let's do this i am from baltimore south carolina... bloomington, california... austin, texas... we are all here to represent the country we love
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this is for everyone back home it's go time. across america, we're all committed to team usa. s new york state. we built the first railway, the first trade route to the west, the greatest empires. then, some said, we lost our edge. well today, there's a new new york state. one that's working to attract businesses and create jobs. a place where innovation meets determination... and businesses lead the world. the new new york works for business. find out how it can work for yours at thenewny.com. remember, as long as the estimates can't be beaten and numbers have to be slashed, the lesson of cummings, we are not on terra firma and i reiterate i do not like the industrials, and

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