i'm jim cramer and welcome to my world. you need to get in the game. going out of business and he is nuts. they are 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." welcome to kramererica. people make friends, i just want more days like today. my job is not just entertain you but educate and teach. call me at 1-800-743-cnbc. in the wake of a spectacular two-day rally with the dow skyrocketing 188 points -- [ applause ] -- to close above 13,000. ♪ hallelujah soaring 1.91%. [ applause ] nasdaq flying high, 2.24%.

what do we have to look forward to next week? so much positivity and optimism in the air for once, what the heck is going to be our game plan? for starters, i'm looking out for more easing this weekend from china. [ rim shot ] greater clarity on the agreement of all nations of europe to bolster the euro, along with the ailing sovereign bond markets. the head of the european central bank said woe save the euro and stop buying yields from poor countries from spiking using any means necessary. and the move will continue until the squabbling begins in and the year of good feeling ends. which eventually has to happen. we do get to make some money minimum. how about the earnings front? all right. let's take a look. i like this company very much. for starters, monday, going to hear from anadarko after the close, great independent oil growth story and totally stalled.

natural gas done going down, kept hearing that chatter? anadarko said good things, the best place could be apache. why? that reports thursday a good opportunity to pick some up ahead, their product profile is very similar. also on monday, the sound system for some of apple's best products comes from a company called cirrus logic. while they can't talk about apple without the risk of losing that account, their forecast could give us the clue we need to figure out when apple is going to launch the iphone 5. that is the most important piece of the puzzle for this stalled tech stock i think about ready to take off. then masco. houses coming back. this kitchen and bath might be ready to work. how powerful is the trend? whirlpool reported a horrible quarter this week, the stock a total champ. housing is the brightest spot in the investment universe and

masco so a cheap stock if the news turns out to be as positive as i expect it to be. tuesday morning, a dispatch from the trenches of high-end retail, coach reports. is luxury spending kaput? that's what we thought before this market, right? should we concerned starbucks told us, people stop spending the month of june and july is no better. has the slowdown in china hurt our high index? coach will let us know. lou frankfurt, honest guy who always tells us straight. terrific number from merck, thing of beauty, sent the stocks soaring, something they have been paying to you wait for with the juicy dividend. next tuesday, we hear from pfizer. we know they got disappointing data from the alzheimer's drug. and i think they will have moves which bring up value, moves paid to wait for because it is an outsized dividend. wednesday morning, allergan stock suffered mighty of late,

allergan. strong anti-migraine seams as well as excellent botox numbers, which is why i think it should be bought ahead of the quarter, maybe the stock goes down, allergan up tuesday. one of the worst-run companies in america start showing signs of new life under new management? that is the question when it comes avon. avp. this will be a terrific time for andrea young -- [ booing ] -- former ceo to proclaim her work is done and move on from the chairmanship where i secretly believe she is running the company. her horrendous reign can only come to an end if she moves out of the joint entirely. last but not least, on wednesday, time warner, cheap, calling it a stealth housing play, well run, terrific movies, in and tv. i think it could report to the upside when it reports that one, maybe through 40, okay? get ready for some jim beam on thursday morning. don't drink it thursday morning. it is going to be reporting earnings. the company prints terrific numbers, enjoying how well it holds up. one more upside surprise.

the next is chart industries, not just because gtl is the symbol but because if we keep -- going to keep the natural gas revolution going, we will need more tanks to hold the stuff. you know the chart pretty much owns that franchise. i would like to see the momentum build with new orders, orders from overseas for this domestic fabulous team that could only lead to resurrection of the american manufacturing. thanks to the competitive advantage we enjoy because of cheap natural gas. big upsets surprises. see if they do it again. clorox thursday morning. follow alone by subscribing. because of the largely domestic exposures given terrific security. time for quotes. haven't had it in the last couple of quarters. i hope that ceo donald canst, frequent viewers know him from clorox, i hope he has something up his sleeve and he can announce that thursday, give the stock a little boost. friday, here we go. procter & gamble will they deliver the upside that colgate gave us?

cut price to take back share. reveal initiative to unlock value? address bill acman's issues and when the company will regain luster? i don't know myself but hopefully issues when proctor reports. listen to the conference call, it has become like going to a really bad game, where people are pelting the tomatoes. beyond earnings, two big days next week, wednesday, okay, got, at least in our country, wednesday and friday. wednesday, the federal reserve announces its plans to help boost the economy, if it has a plan. by the way, european central bank meets on thursday. incredibly bullish for a whole market, not to mention a stable euro, see more rallies like today. friday, big number, july nonfarm payrolls comes out f this number is weak, we are going to hear a lot of calls for action by the fed. i don't think the fed can do much at this point. plus, already spoken on wednesday, for heaven's sake. i do not expect a great number. do you know all these weak numbers have caused selloffs?

let's do this. rallying into friday because of the european central bank meeting goes well, federal reserve meeting goes well, sell some stock thursday morning. others might anticipate this move, you won't get whacked if job creation continues to be stymied. bottom line, it was just fabulous couple of days. remember, just three really down 100 days. don't get too euphoric. still very much hostage to europe. if the european central bank falters next thursday or lousy employment report next friday, all the positive reports in the world won't stop from giving up the gains we had the last few days. the ones that we need to make it so we can't sleep at night. we want to sleep soundly when this rally peters out and we do, yes, reverse directions. scott, new york, scott. >> caller: boo-yah from the big apple, jim. >> good to have you on the show. let's go to work.

>> caller: my question today is about checker symbol amrn. yesterday this pharmaceutical company received fda approval for a new triglyceride-lowering drug and favorable label. in light of the news, potential market for this drug, positive patent news and buyout of partnership, i would expected the shares to jump today but instead down $2. >> had to do with the label. the label was not as aggressive, the label not as favorable for the company. that's what you need. need wide open, you can use this drug for all uses and they didn't get that. that is why tempered enthusiasm. looks like it is not going to make sales so big. i have to agree, i thought the stock would go up, questionable it didn't go up, i saw the news. i'm giving you what the report has to say about it. rich in my home state of new jersey. rich? >> caller: jim, how are you, boo-yah? >> boo-yah back. >> caller: cliff technology, qlik, reported earnings yesterday, with cloud this week,

held it for a while. what do you think? >> look, this is a company, click technologies, reminds me of a lot of companies that ibm has bought. this is intelligent solutions, what they have done. it has been a very rough ride. and as far as i'm concerned with that stock up three, that may be a very good chance to ring the register, 'cause it has been a total bow wow. go into the weekend on a high note. there is beautiful optimism in the air. remember, we are still hostage to europe. by the end of the week, we are gonna run into some real resistance. so, why don't we sell some high fliers thursday morning, get the cash ready. go back in after the market falls. "mad money" will be right back.

♪ come and knock on our door ♪ come and knock on our door ♪ we've been waiting for you

when companies report, you always, always have to look beyond the headline numbers or you won't have a clue what's really going on with the stocks. last night was the best case in point i have seen in ages. we heard from three huge household names, amazon, starbucks and facebook. on the surface, all backwards. amazon gave you one of the single biggest misses i have ever seen, wholesale retreat, almost comical in the lack of relation to the profitability looking for, gigantic leap backward for the $100 billion company. or so i thought. starbucks, 7% rise, same-store sales, mask company's european problems. like there is a hope of a turn around after all. facebook, where's billy mays when you need him? it was an infomercial for the sponsored stories' answer for the desktop-to-mobile migration, so unprepared for you would have thought they were selling oxiclean, something all new, all different. get me vince on the phone. we got to sell some face chop. amazon stock got crushed immediately, as it should have been. facebook, well, at least instantly, i saw it drop down.

facebook hung in there strangely. no one knew what the heck to do with starbucks. it didn't take long for things to sort out. amazon reversed instant and headed back up. why? spending big to build out a nationwide change of warehouses to become the e-commerce backbone of america. the warehouse strategy is working. you put them everywhere, your customers are satisfied. lower the shipping costs rather dramatically and increase your gross margins. boom, that's the holy grail. amazon's biggest problem is demand, they got too much of it, building and spending to meet that demand. remarkably, the company's gross margins nevertheless expanding, handling more third party business amazingly lucrative that is how it rocked the stock up 17 points. how about starbucks? closed down almost 5 today. stock quickly collapsed, the company talked about a big deceleration in sales last month continued into this month. starbucks hit some sort of ball in the united states. it seems somewhat inexplicable, why the conference call got out of control.

including a moment where howard schultz, the ceo, called for a rewinding of the last five minutes of the call, started to sound like starbucks had fallen off a cliff in this country and it continued until july. company didn't see it coming. management didn't seem to have a plan for it. schultz, while stressing sales only moderated, subsequently used to correct the misimpression it is bye-bye starbucks inside of buy-buy starbucks, it was worsen. he said he checked in with other friends and retail, only whole foods had a strong june. people lacked confidence to put down money. he talked about broken confidence. i don't know if people don't have the money for triple venti cappuccino with skim wet, maybe something is wrong. then the nonconference call that was facebook. what can i say about facebook in the least the call was kind of funny. the call all about trying to prove to themselves and maybe to potential customers the darn thing even worked on mobile devices, which is where almost the billion or so people use the thing or seem to be headed. facebook reeling from zynga's

blast of the company. what did they do? presented evidence from two gaming clients as well as affinity nfl credit card program it worked. it was a missionary call, how they have to prove to their clients their mobile apps are working. they are getting $1 million a day from the new ad initiatives, sham wow, not a lot of money. remember google is going to make $44 billion in revenues this fiscal year that is a heck of a lot more revenue than you get from facebook. if you have to do missionary work, not able to make a lot of money off that 365 million in revenue as facebook's shrinking gross margins have to show you have to hire a sales force to make a pitch. wasn't the entire point to invest in a company because the users generate the content and advertisers pay to be near it? in other words, i thought facebook's margins would expand, not decline, more and more people become users. this is definitely not the case. this guy is rookies that make money but they're all pro at pleasing the actual users. sometimes that's not simpatico with profits.

i don't want to say the facebook call was disappointing, just weird, other worldly, look at me, a start-up. trust us. don't listen to zynga, they stink. the call made me feel like karl marx was right. what does that tell where you facebook might eventually be going? all in all, a baffling night. it might be undervalued when you consider the growth this year. google, for example, became public in 2004 with decelerating growth, too, but thaw posted a gain, much better than facebook at the time google stock traded at half. what does that tell you where facebook is going? all in all, a baffling night. you have one company, facebook that used the conference call as a sales pitch, potential news feed, story content on mobile devices, instead of doing what they were supposed to, give you a sense of how the company is doing and might do in the future. starbucks, sales moderately stumbled in june, sounded like a cliff jump. third company, amazon, missed the numbers by a mile but stock went through the roof anyway because it is taking over the

e-commerce world by storm. here's the bottom line. the market loved amazon, disliked starbucks and hated facebook. i don't know, i don't expect to change any same soon. three high-profile companies going in three different directions and seems two are lost but one is definitely found. after the break, i will try to make you more money. coming up, sprinting ahead? after sinking to almost $2 a share, investors have been rooting for this wireless underdog. sending its shares soaring over 100% in just six months. can it go the distance or will it lose its stride? stick around to find out. plus, hold on. this amusement park operator took investors on a wild ride higher after reporting record revenue. is it time to jump in on this great adventure? strap in. cramer's exclusive with six flags ceo is just ahead. all coming up on "mad money." the best of the best olympic

athletes are playing for america in london, cramer never stops playing for you. as always, catch jim at 11 p.m. eastern on cnbc and during the olympics, find "mad money" at 6 p.m. eastern on cnbc world. go to "mad money."cnbc.com and use our channel finder to locate it on your local cable system. let the games begin.

♪ every friday, i come out here and help you find worthy speculative stories, risky, under appreciated stocks, often trading in the single digits that have the potential to deliver outsized returns. ♪ we speculate because it is fun. and that element of enjoyment makes it easier to stay in the game when the market takes a turn for the worse. not so much of a factor on a terrific day like today. we do it because speculating can be incredibly lucrative when it's done right. buy. buy. buy. i found you the holy grail of speculation, when you have a single digit minute jet trading up from below $5 a share to above the crucial five buck threshold.

why is $5 so important? why not $4 or $6? simple. most big institutions are not allowed to own stocks that trade for less than $5. when a stock crosses above that level, you get a whole new glass of buyers, all the mutual funds and hedge funds, weren't allowed to own the darn thing when it was lower. when you add more buyers to the mix, guess what? supply and demand, stocks tend to go higher. why i think you have to be very interested in sprint nextel. yeah, i know. i have liked it that's all right. sprint nextel here, four and change. ain't missed anything. sprint is about 70 cents away from that $5 line. once it gets over the hump, i see climbing much higher. why am i confident sprint, the perennial third wheel in the u.s. wireless business and a company struggling for years is done going down and now going up? because wednesday night, sprint reported actually a phenomenal quarter, a thing of beauty, these results confirmed that this company's got one of the

greatest comeback stories out there in the market right now happening before your eyes. all right. i know what some of you are thinking. six months ago, the stock was at $2. 2.12. since then, doubled. yesterday alone, sprint surged 68 cents for a 20% gain and up nicely, nicely, nicely again today. wouldn't the prudent thing to be to ridge the register to make some profits and if you don't own it, just say i missed it and move on? you know me, i have no problem with taking something off the table, playing with house money, one of the greatest things, nobody ever got hurt taking a profit, better than a sharp stick in the eye. at $2 and change when people thought sprint would be headed for bankruptcy, the stock was a trade. now, you know what i think it is an investment, albeit a speculative one. let my me tell you why. sprint's ingenious and very tall ceo who may be the hardest working man in the telco business, has an incredible turn around here, and the latest quarter, what is driving the turn around? three main problems.

first, late last year, hessy made a deal with apple. see that stock today? to get the iphone. now, sprint has the phone people want and it is paying off big time. company sold 1.5 million iphones in the quarter, 40% new customers, new from another chain and much higher percentage than at&t and verizon reeled n second, sprint the only major wireless provider offers unlimited data. this is the hook they need to catch fish, fish willing to pay big fees every month. at&t and verizon will give you unlimited text and talk time but cap your data which stinks if you're using a data hogging smartphone. go over there, charge you an arm and leg. one reason, at&t and verizon saw the gross post paid subscribers shrink in the quarter, sprint added 422,000 subscribers and 1.3 million subscribers across the platform. we are used to verizon and at&t doing better. this quarter, sprint's results were as good or better than the two big dogs. third piece of the puzzle, dan

hessy is shutting down the nextel network which sprint acquired in the ill-advised deal in 2005. even as nextel subscribers abandoned, sprint had to maintain the network, a big reason why the stock went to $2 earlier this year. now they are taking down nextel's antennas, providing subscribers with faster data service. company should be finished unwinding next year. sprint has 3 million nextel subscriptions and company working to switch them to sprint. a huge part of why the last quarter was so strong. nextel customers went to verizon. hessy has customer marketers, 60% leaving nextel signed up with sprint. i heard this almost fell on the floor. i couldn't believe how great this was. thought it would be 25%. these people mostly expensive smartphone contracts. best thing about the move, converting a nextel customer costs $200 less than signing an ordinary customer. how do we know sprint can keep

this up? why do i think this stock is an investment not just in fitp which stands for flash in the pan? for starters, we know the wireless business is fantastic. that's why at&t made a new high today, verizon is within striking distance of its highs. unlike the big boys, sprint a pure player on wireless, not a land line play. the problem here has been nextel, which they are shutting, and lack of competitiveness, which seems to have been fixed, courtesy of the iphone and unlimited data plans. after these stellar results, clear sprint is playing in the same league as verizon and at&t which means the single-digit stock has a lot more room to run. sprint's post paid customers they lost in the quarter lowest level ever, down to 1.69%. not a bankrupt company. lowest ever. sprint's average revenue per year important metric in the wireless was the best ever, 63.38, only a buck and a half below at&t's and $4 more. than last quarter. that's a 7% increase from last year. largest increase in the industry. these are not the kind of

numbers you get from a flash in the pan. plus, there's consistency here. believe it or not, that's another key metric, 10% this year, 20% from the previous quarter. fourth consecutive quarter where estimates were met. the ninth consecutive quarter of post paid net additions. sprint increased year-over-year. for the eighth consecutive quarter. giving you all the facts, this is an investment for you. in other words, this company has been improving for a long time. the turn around finally got the critical mass needed for sprint to totally blow the most bullish estimates. amazing. beginning with this report, sprint now a ton of cash, generated 209 million of free cash flow for the quarter, retired $1 billion worth of debt maturing next year. people thought that wouldn't happen. i think they will go back to the bond well, get better interest rates, bountiful cash, rates lower. it will still entice high yield bond buyers.

let's not forget, possibility of sprint merging with t-mobile. create a wireless powerhouse. more competition against at&t and verizon wireless. i they think they'll love that. i think t-mobile's parent would love to combine the operations, too. why would deutsch try to sell to at&t last year? didn't want to do a deal with them getting away from them. i don't like speculating takeovers, the fundamentals are deteriorating, a combo would be fabulous. finally, sprint is still hated by the analysts. imagine it keeps on delivering like i expect it will, the analysts will be forced to upgrade the stock like ubs, sprint rallies another 24 cents. closing at $4.31. bottom line, if the incredible quarter sprint reported, no doubt that dan hessy's turn around is the real deal. congratulations, dan. i think the $4 and change stock is headed north of $5. when that happens, the big institutions will be allowed to buy, the analysts will be forced

to upgrade, and long may she run. steve in connecticut. >> caller: how are you? >> not bad, how are you? >> caller: metro pcs eight months, been a roller coaster, their first quarter awful, stocks $5.50. second quarter better than expected, rose 40%. even with the investment right now. what should i do? >> i think that this stock -- unlike sprint, a really good quarter but may not be lasting. here is what i want you to do on monday, i want you to raid the register, that is fine, you break even. that's good. i'm at a pay phone? no, wireless, for heaven's sake. sprint is now superman and superman is going above $5. not too late. you haven't missed anything yet. stay with adam levine look-a-like, cramer. coming up, hold on. this amusement park operator took investors on a wild ride higher after reporting record revenue. is it time to jump in on this great adventure? strap in.

cramer's exclusive with six flags ceo is just ahead.

it is time for the lightning round. are you ready, the lightning round? start with steve in ohio. steve? >> caller: double boo-yah from the buckeye state, jim. >> well done there, my partner. what's up? >> caller: we got a lot of natural gas activity going on here in ohio. how about chesapeake energy? >> utica area is very strong. i think anadarko is going to pour money and that is a better buy, as is apache. 'cause i like the balance sheet. bill in new york? bill? >> caller: boo-yah jimbo from beautiful upstate. >> i love upstate. >> caller: my stock is chd, church and dwight. >> look at that stock. it never quits. on a day, a beautiful day like today, the markets are big, not going to get a big move out of

church and dwight, stocks that haven't moved that well, but that is a terrific one. i need to go with tom. >> caller: hey, boo-yah, jim. >> boo-yah. >> caller: first time, long time. >> excellent. >> caller: in february, you gave out magnum hunter resources as speck. i bought it at 752. cost average down to 463. should i sell? >> no. no. no. it is a speck coming back. there is actually couple guys upgraded this week. but i also tell you that specs can go down a lot. not every spec is a sprint. go to norman in california, please. norman? >> caller: boo-yah, jim. >> boo-yah, norman. >> caller: in the metal detector space, also the medical device space, ticker osis with a tag of only .8 over a p.e. of 32. what do you think?

>> i like it. it does remind me of something else t is a small cap stock. go to joyce in texas. joyce? >> caller: yes, jim, i'm asking you about a particular company called donna herd. >> people didn't like the quarter. i thought that was a mistake. i like the guys who run this company, i think a terrific opportunity and ne'er-do-wells, johnson controls are, coming back, dana here is a name. i want to own it. jerry in california. >> caller: boo-yah, cramer. >> boo-yah. >> caller: company analyst too much of the quarter. is it a buy or short term or low term? >> i don't know. i have to get the ceo on of magic jack. that one is too hard for me to unz what the metrics are. i hate to punt like that, but that's what i have to do. scott in new jersey. scott? >> caller: hello, boo-yah to the compass of wall street. >> i like being that true north, right? let's go. >> caller: okay. with the increase in dividends at amikko eagle, is there any hope for them now? >> a quarter not so bad, cash

cost $600. got more growth than barak. in the end, i'm going to send you to the gld. conservative. i don't mind that name. hey, becky in illinois. becky? >> caller: hi there. big boo-yah to you, jim, from marion, illinois. bob and i are wanting to know about atlantic tower and its dividends. >> a lot of people feel it's dicey. i don't. i think it's safe. i do want to own that stock. i like the yield. i ought to do a focus piece on that because it's one very hot one. and that, ladies and gentlemen, is the conclusion of the lightning round. >> the lightning round is sponsored by td ameritrade. i'm not going until this is right. bad luck. someone messed with my bell. if that man and spiderman were

stocks, which would be the better buy? how about batman versus the avengers, the whole team, ironman, captain america, and the most lethal super hero of them all, scarlett johansson. plenty of boys like dolls and plenty of girls like to play with trucks and action figures. we used to hit each other over the head when my kids were little with trucks. majority of mattel's business is aimed at girls. leading player in the fashion dolls, not just barbie but also monster high. i heard the name, i immediately had visions of me in college. ♪ mr. sandman bring me a dream ♪ >> what are we supposed to do this thing now? several things about chipotle the momentum guys only pay for stocks with accelerated growth. they only stick with stocks that have consistent revenue. it's gotten meaner.

but this thing, it is just too expensive right now. shouldn't this be an apples to apples comparison? want to know which stock is better, at&t or verizon? what we have to do is chop up the companies into little pieces. a fruit salad of comparisons, then we compare the apple pieces to the orange pieces. so, it isn't exactly apples to apples, it's more like one apple versus half an apple. that makes the comparison easy. at&t is the whole apple. once you slice and dice the companies so you can compare them apples to apples and oranges to oranges and kiwis and pineapple bits that don't match, apples to apples basis, wireless is roughly equivalent. at&t wins. confusing enough? what can we do? doing my best. ♪ someone messed with my bell. now i can go.

there's nothing worse than going to the post office

and waiting in line. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com, you can print real u.s. postage for all your letters and packages. it gives you the exact amount of postage you need the instant you need it. can you print only stamps? no. first class. priority mail. certified. international. and the mailman picks it up. i don't leave the shop anymore. [ male announcer ] get a 4-week trial plus $100 in extras including postage and a digital scale. go to stamps.com/tv and never go to the post office again.

the second fabulous day in a row, courtesy of yesterday's incredibly bullish comments, angela merkel is agreeing with,

let's curb the enthusiasm, what europe gives, europe can take away. that is why you need to go hunting for domestic security stocks, pay big dividends. stocks like six flags. simple six. the domestic theme park company with juicy 4.1% yield. one of the biggest beats of the earnings period. it is the largest theme park player on earth, 19 theme parks, water parks and zoological parks, monkeys can jump on your car, all of which are in north america. the company filed for bankruptcy in 2009. it restructured and emerged from bankruptcy a year lighter. now it is posting world class results. consider these numbers, tuesday morning, six flags reported 63 cent earnings beats a 64% basis. that is huge. company's revenues came in 6.5% higher than expected, rising 10.7% year-over-year. ticket sales are up over 11%. the stuff they sell you once you're inside, like the food, up 12%. tenants increased by a million guests, 12%, year-over-year. company's deferred revenue, selling season passes, up 22% at

the end of the quarter, a great metric, very solid. six flags core business is doing very well. the company also owns 40% stake in dick clark productions, which is the production company behind everything from the golden globes to the american music awards to so you think you can dance and of course, american bandstand. management hinted it might sell this business and redistribute the proceeds to shareholders. via a special dividend or a one-time buy back, which would be terrific. let's talk to the chairman, ceo of six flags to find out more about the company and its prospects. mr. reed anderson, welcome to "mad money." >> jim, a pleasure to join you. i'm a big fan of your show. >> thank you very much. thank you. i'm a big fan of six flags. been there many times with my kids. i got to ask you, i had always felt there had to have been some problem with six flags, wasn't doing well, wasn't making a lot of money. could this really have been a managerial thing or a balance sheet thing? you guys are coining money now. >> yeah, it's -- there's a

history of huge debt load that existed for about a decade, jim. you tracked us, you know the history there. i think going through the bankruptcy, we were able to take care of many of those issues and emerging on the new york stock exchange with a new management team, i think we haven't looked back since then. >> very true. i need to ask you, yesterday, i was listening to howard schultz, he is a great businessman, ceo -- built starbucks. he was saying something in this country happened, the crisis of confidence started in june and the people, other than at whole foods, stopped spending, called moderation, but it was pretty clear, there was a deceleration. i look at your numbers, i don't see any deceleration whatsoever in the month of june. >> well, jim, you know, going back for the last two to three years, people have asked me the same question about the economy and whether i feel good about the general economy. i have consistently said really it is very challenged.

our consumers really struggle day to day, high unemployment. it is certainly not easy out there. i think what we provide and the reason i think we have done so well is that we provide a value offering for folks. and for something very reasonable, they can spend a day with their family or with their friends creating memories. i think that's what makes us so powerful in this tough economy. >> now, also, it had to have helped you, six flags is often not next to where you are. mine is 82 miles away. i got to fill up in my tank. >> right. >> incredibly conscious of the fact i go, this is in jersey, incredibly conscious of how much you spend in gasoline. but that's come down. that has to have helped you, too during the late spring months? >> you know what, jim, we don't find much of an impact when it goes up or down. i think it's quite interesting because when gas was headed over $4, close to $5, we were still getting fairly good attendance, as it came down, we still had fairly good attendance. i think the reality is in this

tough economy, you have spoken before about staycation. >> right. >> people want to be able to drive somewhere. and 80% to 85% of our guests live within 100 miles of our park. and for one tank of gas, they can come and visit us and bring their whole family. so it is the perfect day out. >> look, i agree, but kids are grown up, this was a regular thing. i want to ask you, your marketing strategy seems to have changed coming out of bankruptcy, is this your approach and why is it more effective than before? >> it is my approach and the reality is if you look at six flags, again, you have tracked us, so you know there was a focus on creating a global brand, a mini-disney, a broad entertainment play. and what i believe is that this company's all about being the best regional theme park player. very focused. and the reality is that whilst i'm happy to have that global brand that we have invested in over ten years, most of our guests want to know about their local park. so we have developed a marketing campaign called go big, go six

flags that's all about visiting your local park. so we show images of the local park, we talk about what's new at the park, we give people the reason to come back to six flags, you know, which over the last few years, they had forgotten about. >> obviously, do it because you have got this pass, which gives you a much better visibility than you have ever had at six flags, right? >> absolutely, jim. you are so right. we have focused very -- in a very targeted fashion on increasing our season pass sales because we found that, you know, when someone purchases a pass, they visit multiple times. and so whilst, you know, we have found this, it leads to higher sales, not only of the pass itself, but also in the park, people will spend more on food and on retail and other items. >> now, one last question, dick clark asset doesn't seem to be synergistic necessarily, it wouldn't surprise me if something happened to change that ownership stake. >> it certainly is something that could happen.

the company itself is managing a process. we have stated that this is noncore for us. jim, you have commented on the fact that dividends are key. we generate right now on an ltm basis $4 per share free cash flow. we distribute $2.40 of that in dividends. our view is once we funded everything for the business, everything goes back to shareholders. so, you'll see a good focus on that going forward. >> well, you have done a great job and i think it's going to continue to happen. blow away quarter, great company, same rides, much better run. thank you so much, jim reid-anderson, chairman and co of six flags. i followed your company closely. i always wanted it to win, i love going there. thank you so much for coming on the show. >> thank you jim. thank you so much. >> thank you. while the best of the best olympic athletes are playing for america in london, cramer never stops playing for you. catch jim at 11 p.m. on cnbc and

during the olympics, find "mad money" at 6 p.m. eastern on cnbc world. go to madmoney.cnbc.com and use our channel finder to locate it on your local cable system. let the games begin. [singing] hoveround takes me where i wanna go... where will it send me... one call to hoveround and you'll be singing too! pick up the phone and call hoveround, the premier power chair. hoveround makes it easier than any other power chair. hoveround is more maneuverable to get you

through the tightest doors and hallways. more reliable. hoveround employees build your chair, deliver your chair, and will service your chair for as long as you own your chair. most importantly, 9 out of 10 people got their hoveround for little or no cost. call now for your free dvd and information kit. you don't really have to give up living, because you don't have your legs. hoveround replaced the legs. and now every hoveround comes with this handy tote bag and cup holder for access to your favorite items. and right now, get this limited edition hoveround america travel mug free with your hoveround delivery. [singing] hoveround takes me where i wanna go. call or log on to hoveround.com to find out where a hoveround can take you!

you have to like the action, old school senior biotech stocks, all terrific today. just shows you that these forward-looking companies are

still trying to grow. they aren't just sitting there facing patent cliffs and hoping to hold on, but taking a real beat down. some companies like merck, 1.76 today, you're being paid to wait for new drugs to kick in. other outfits like abbott labs, providian, trying to free up value. johnson & johnson could have had similar breakup strategy. a gigantic spike for patient investors. what i like in pharma is growth, pure growth, based on potential blockbuster drugs that you can provide many years of growth. that's what gilead, amgen and sellya was giving you. finished at 52-week high for am jen products that can work in cases were others failed. doesn't hurt the core business is on fire. including the older drugs which

were responsible for delicious upside earning surprise. many people believe the best compound for he c. it could be worth billions and billions. that could be as early as 2014. it has made many people believe that the best compound is gilead's. they were much better than expected. people wrote this company off, but confident the franchise remains intact and thriving and number of initiatives celgene has could lead to earnings outside. given its stellar profits, much better than expected, it is an inexpensive stock with many years of growth ahead of it. i said that even after the stock went over $3. you know i like dividends, don't like expensive stocks. if anything, one particular drug prospect goes awry, but the three old biotech companies proved themselves time and time

again, while they aren't for the feint of heart, you can get long-term growth that you can't get from a merck or pfizer or abbott labs. these companies are the risk takers, not afraid to make mistakes, innovate relentlessly, spend fortunes developing new drugs and remind me how the old-line pharmas used to be in the prepatent years. if that's not a big money to give gilead, amgen and celine a look, nothing is. stay with cramer.

a week ago, three down 100-point days. all i heard about was desperation. people pulled out of the market. no one believed anything good could happen. bingo, thursday, europe starts getting united about a plan. now, everybody thinks things are going to be good. and they're moving back into the market. it's somewhere in between, people. we may not have a quick solution in europe. we can still make some money. here's what i want you to do. as the week goes on, scale out of the high fliers, really go after and sell the companies that didn't do that well but whose stocks are going up anyway because you'll see