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. i'm jim cramer. welcome to my world. >> you need to get in the game. >> he's 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 kram america. my job is not just to entertain you but to educate and teach you what to do in this wild and positive market. call me. 1-800-743-cnbc. bus warren buffett have to come to your house and lay out the game plan of stocks to buy in order for you to get into this stock market? is that what has to happen to move this market to all-time highs? something it failed to do today? s&p climbed and nasdaq advanced. perhaps without you?

think about it. here's the world's greatest investor, certainly more than government bonds and can be barely heard about chinese real estate and of course the sequester. no matter. buffett tells you not to focus on those things but the businesses themselves. like we say all the time, he doesn't want to sidetrack, off track, looking at the futures ticking down in the morning or here you have the coalition breakdown in italy and the faltering euro and deflated yen today with the markets soaring once again, we were able to put it all in context because fortunately becky quick, in a mesmerizing morning managed to get the point across of what buffett is thinking here. >> if you ask me whether stocks are cheaper than other forms of investment, in my view, the

answer is yes. we are buying stocks now because we're buying them not because we expect them to go up, we're buying them because we think we're getting good value for them. the dumbest investment, in my view, is a long-term government bond. >> would you listen? the dumbest government bonds, the best stocks. it isn't just that american stocks represent the best values on earth. he laid that case out. it's that money managers and acquirers keep bringing out those values on a daily basis. yes, it wouldn't matter if they sat there like bumps on a log. every day it seems someone somewhere has brought out value or is bringing out value right now. let's start with buffett himself. we know there are two buffett portfolios. he holds them for as long as they remain true and then the actual business that he buys with the cash, a number of housing plays that are beginning to come back.

not a moment too soon. more important, he bought burlington northern and heinz. buffett acknowledges he's paying a pretty penny for the acquisition. listen. >> i think it makes sense because we have a business we like and a partner we like and we've got a price that i barely like. >> and again, like so many u.s. companies, here you have an unrivaled brand that is not going to be subplanted by the chinese any time soon. what is that? no. or japanese either. mitsubishi ketchup? no thanks. oracle is out there all by himself. like a value mission to show that u.s. stocks are cheap and can be bought here to make a ton of money? hu-huh. a list of ten stocks that we felt were right for being acquired were broken up.

it's so undervalue it has drawn a lot and a lot of suitors and it's, of course, the main thing, you know, the suitors, i think they are behind the scenes. it's drawn heat for not doing enough to unlock value. today they take a page out of a successful play book before splitting off the refining and buying back stock and going all back in with shale in the asia pacific market. we visited there. remember, the predecessor of hes itself discovered the best assets in that light crude. heaven. no matter. not enough for elliott. it looks like they want to put the whole company up for sale. a lot of people will be swirling around it. i would advise staying in hes. $100 a share for this fabulous

company and, yes, management that hasn't been aggressive enough. or what about the person that is on transocean, the largest deep water drill. gives the stock 3.4% yield, i like that. so you can bet we aren't done with that one. icon keeping putting pressure on herbalife and basher in chief, bill ackerman. to totally wreck the business or get the government to wreck the business. but icahn seems determined to take the stock higher single handedly. bailing out for jcpenney after

the close tonight, ackman's baby is jcpenney. and marissa meyer, what she's doing at yahoo! stock has been on a tear, a straight line tear since she came in. hitting another 52-week high. up big. but remember what brought mayer to the job? activism. it was the canny investor dan loeb and that's how she came in to tame this company. cnbc for the record has a relationship with yahoo!. i have been flogging this yahoo! ever since mayer came in. i'm not done because the stock's not done. this is highly unusual not to see a takeover of some size when you come to work. admittedly when i talked to david faber, and it's a packaging company buying a materials company. think about it. all the lightning that has

struck since this year began. there's liberty buying, version media, michael dell. it's just the first week of march. these deals matter. there are other ways that value keeps being brought out and i'm trying to keep that in front of you. the effort by david einhorn to do something failed miserably and the stock is in the own personal bear market. apple won't listen to the reason of a shareholder or anyone. to get apple tv to be juice, 27 million. people take netflix or buying twitter and a force in social media and they are not a force in social media. and if tim cook is ever going to return cash to shareholders, which he should be doing aggressively, he ought to be buying a heck out of the stock right now in this free fall. it makes no sense for apple not

to be buying back a billion dollars of stock a week. right here. if the company thinks the stock is cheap, it is time. on another day, huge day to put up or shut up a huge, horrible day. it's when the company should be in their buy. follow along by viewing action alerts, fortunately, heavenly, sold half of its position. but days like this, down ten points, sorely trying our patience. richard tried to bring up value to buy the company he created. i like best buy now that it's the last man standing entertainment business. the strength of housing, best buy has the wind in its back because of housing. don't sell it. i'm not excited about the activist for a company called tesara, which has pretty good

technology that hasn't done much yet but they just elected rick hill to the board of the directors. watch this one. i think tessara is worth buying but because hill doesn't like shareholders to lose money. ♪ hallelujah given the uncertain world that we live in, i would be much less likely to champion the market simply because it moves up gji gant clee in a short period of time. the valuations are certainly stretched for a lot of the stocks, including heinz. but here's the bottom line. with so many people, including the great warren buffett bringing out value in stocks daily, who am i to dwell on the negatives, like the italian, the chinese see through pilgrims or sequestration? all that seems to do is cause me to miss out on the main chance, the stocks of high-quality companies that are targets of people who are a heck of a lot

smarter than i am with the dollars to back themselves up. let's start with bob in new york. bob? >> caller: hey. hi, jim. thank you very much for taking my call. i have a position in barnes & noble and recently the struggle to buy the 699 stores and the barns a barnes & noble website. is this a time to sell? >> you know, i would have mentioned barnes & noble except i thought the people would think that i wanted this em to buy barnes & noble and i don't. i think it's a sell because the core business is faltering and i'd never recommend a stock on this show. on a takeover basis when i think the core basis is falling. matt in my home state, matt? is. >> caller: what's up, dr. jim? how are you doing? >> i'm doing well. how are you? >> caller: living my dream one day at a time.

with all the controversy surrounding herbalife, do you think vitamin shoppe would be a better play? >> no, we recommended gnc and said we didn't like vitamin shoppe but i'm reiterating my position right here. when oracle speaks, we listen. the guy's been right as rain. let's keep beilooking for opportunities. stop following the futures at every tick and analyze businesses and buy them when you think they are right. "mad money" will be right back. >> announcer: coming up, all aboard. >> the rail roads are definitely experimenting with converting to natural gas. >> announcer: sounds like the train could be leaving the situation on a new opportunity for natural gas. cramer's got the stock that could be on the right track and

later, power shortage? the study charge of income for dif dentsds. what happens when a company pulls the plug? tonight, cramer's got the wanting signs to help keep the lights on. plus, real deal? american realty capital properties owns square footage of national chains, like dollar general and walgreens. as the nation's economy improves, could these lots turn into the promise land? cramer is talking to the ceo. all coming up on "mad money." don't miss a second of "mad money." follow jim cramer on twitter. p send an e-mail to cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com. [ male announcer ] i've seen incredible things.

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this morning in the big warren buffett interview with "squawk box," they spoke about a message that is near and dear to

my heart, using natural gas as a vehicle for purchase, burlington morning started off talking about natural gas-powered trains. take a look. >> the railroads are definitely experimenting converting to natural gas. i can't tell you the technic technicalities about it. when you get natural gas, you know, $3.50 and you look at where oil is, you've got to look at converting any kind of an engine to natural gas. >> all aboard? >> the company is telling us in a response to my question that becky quick asked him that berkshire is spending real money on nat gas locomotives. with natural gas so abundant and so inexpensive versus diesel, it

would be nuts not to think about converting your vehicles to run on this cleaner fossil fuel. when warren buffett speaks, we listen. the question is, how do we play? is those are made by westport innovations, wprt. nat gas engines for all sorts of vehicles. but it's still be tested. right now we need real earnings, not the prospect of potential earnings. they have not been holding up very well of late. you look back over the last several months and it's down 35%. probably because of the truck engines that have been delayed. clean energy fuels, fueling station company building out a network of refilling stations all over the country. it's fallen 32% in the last year. clean energy has been built up and while that's great for america, the fact is, the

company is going through cash like crazy. we don't want to speculative names. it doesn't work. the slightest setback can cause their stocks to -- sell, sell, sell. instead, if we're going to play this theme, we want a more established company that is earning money like right here, right now. gtls, gas to liquids for your home gamers. engines and fueling stations respectively. there's a number of different areas, many which are crucial when it comes to using replacement fuel for expensive oil. if you're going to use natural gas to fuel a car or truck, first you need to make it more compact so you can store the stuff in the tank to drive a decent distance and you've got to convert it from a gas to a dense liquid form or lng, so it takes up less space and can be

transported across the ocean in an economical way. they make precision liquefied natural gas. selling the storage tanks to transport the lick kquefie liqu natural gas. and deals with industrial gases and a biomedical division. breaking it down, about 15, 1-5 that comes from the natural gas vehicles like trucks or natural gas stations. this can become a much larger part of the test down the road. once we have the infrastructure and other companies enlightened on this issue continue to make the switch. even though they are not a huge part of the pie right now, chart industries buffett talked about this morning, about 25% of the company's revenues comes from

liquefication equipment. energy is building. another 15% of charts revenues come from processing equipment. that's used to separate liquids like propane and et thain and all told, roughly 55% is processing natural gas. exporting or using it as a vehicle fuel with the rest coming from industrial gases. that exposure is why i like chart here and why this stock has been on fire. right now china is dramatically ratcheting it up its use of natural gas and they are even building out infrastructure to start replacing as a transport fuel as i've been recommending endlessly on this show. that's a big reason why chart increased by 15% and should grow similar amount for 2013. nat gas represents only 4%est total consumption but the

company will get that up to 20%. china can make that happen because they believe in central economic planning and as long as the people's republic continue to deliver on the plan, that's going to create a huge new demand for chart products. remember, natural gas use doesn't have anything to do with empty office buildings, as we talked to another show last night. it has to do with feeding the chinese beast and of course keeping greenhouse gases lower which is what happens if you switch from coal to natural gas. now that it's so cheap here in north america, it's a story that's been making chart industries a winner. the company reported a 5 cent earnings beat on revenues that came in much higher than expected. a growth stock. unlike clean energy fuels, chart has real revenues and they are making real profits right here

right now. in response to these fabulous numbers, chart stock rallied 5 points from 72.59, a gain of nearly 7%. they got behind two years ago. but even after this run, the stock is so inexpensive it has a 26% long-term growth rate. that's how you have to compare those two. here's the bottom line. as much as i believe in the natural gas vehicles and i like the fact that warren buffett agrees with me, i know there are short-term issues that means you don't necessarily want to own the stocks right here right now. you went a company like chart industries, gtls, one that is making money right here and can profit from i can ma making the switch to nat gas vehicles to the rest of the world. chart is the one to buy. let's go to dan in florida.

dan? >> caller: yeah, big boo ye-yah >> how it going? >> caller: a stock you recommended in the past going down, one of two things have happened. either it turned out to be a boat anchor or they are not in north dakota. give me your dakota, it's called apa apache, give me your thoughts. >> no, i backed away from apache, we sold about 30 points ago. and the reason i did, i didn't like the unstable nature of their egyptian properties. that said, it is a great company, but it has been in the dog house by the market and it also got too much natural gas versus oil. i believe in the idea of nat gas vehicles. and you know what? i'm not alone. because warren buffett endorsed it this morning. the best way to play that market is chart industries. the other names will deal with short-term issues, but gtls, real revenues, real growth and real earnings. after the break, i'll try to make you more money.

coming up, power shortage, investors have favored utilities for their steady charge of income from dividends. but what happens when a company pulls the plug? tonight, cramer's got the warning signs that could help you keep the lights on. i know what you're thinking... transit fares! as in the 37 billion transit fares we help collect each year. no? oh, right. you're thinking of the 1.6 million daily customer care interactions xerox handles.

or the 900 million health insurance claims we process. so, it's no surprise to you that companies depend on today's xerox for services that simplify how work gets done. which is...pretty much what we've always stood for. with xerox, you're ready for real business. i started playing football when i was 7 years old. following my junior season in college, i was diagnosed with cancer. the doctors told me that i would not be able to play football again. during recovery, i wanted to give it everything i had, from training to a good rest.

i had tweeted i couldn't wait to get in my tempur-pedic. the company had seen it. they said, "are you really a tempur-pedic owner?" i said, "yes, i am, and i'm very proud of it." i can't imagine living without my bed. my name is mark herzlich. i'm a professional football champion, a cancer survivor, and a tempur-pedic owner. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. for right now, we're fortunate enough to be in a forgiving market where companies can miss numbers and see the stocks rebound not long after

where boeing can have the new plane grounded by the faa and still be within striking distance of the 52-week high. there are some things that can see your stocks shredded with little or no hope that they will come back any time soon. and at the top of the list of unforgivable offenses -- dividend cuts, the bigger the cuts, the worse the damage. that's why whenever you want a high-yielding stock, whenever you think about buying something with a sky-high yield, you've got to beware of falling dividends, a red flag. think of a dividend as a company's commitment to the future. when that dividend gets cut, it can get costly like a divorce. as shareholders who own the stock for the payout sell the thing nine ways to sunday. sell, sell, sell, sell, sell! it's like nine to the power of like six. okay, consider the tragic case

of atlantic power, a.t. for all you home gamers. back on february 26th, brady in ohio who has horse sense called me to ask about the stock in the "lightning round." when i saw that atlantic power had a 10% yield, let's say, that was about as big a red flag as you could get. okay. what am i? i'm not lebron, what can i tell you? as big a red flag has you can get. i am lebron. i told them i had to do more homework because i was worried about the dividend that it might get slashed. that's standard operating procedure here on "mad money." whenever you call in about a stock with a sky-high yield. i tell you i need to do more work because dividend cuts can do tremendous damage to a stock. most utilities give you yields in a neighborhood of 4%. so when i say a name like atlantic power yielding 10%, that raises alarm bells.

because that's a classic signal that something bad lurks to that dividend. sure enough, two days later, two days later, my worst fears came true as atlantic power slashed its earnings per share numbers and even worse announced a massive 65% dividend cut that was much worse than the 20% cut that some of the analysts had been expecting. the result, it was a $10 stock coming in, hey, looking good, 10% yield, loving it. on friday, it nose dived 28% and took another 17% tumble, now atlantic power's a $6 stock. down more than 40% in less than a week. anybody who owned that stock is now toast. english muffin. i tell you this as a cautionary tale. the good news is nobody needs to be blind sided by a brutal dividend cut. there are signs that can warn you it's coming well in advance of when it actually happens. and when you see these signs,

you need to sell, sell, sell. otherwise you're going to get pole axed. we could tell something was dreadfully wrong because the 10% yield seemed far too big for an ordinary utility like the ones we do recommend, the a.p.s, the southerns, the dominions, the con-eds. but an outside yield was only one of the many red flags here. the second sign atlantic power was in trouble, the payout ratio, the percent of the company's cash flow being used to fund the dividend was also way too high. in 2012, atlantic power is 100% payout ratio meaning every penny of cash they made was used to fund the dividend. that kind of behavior's not sustainable when literally all the cash a company brings goes to the dividend. there's no cushion of the business if it hits any kind of road bump. that's just unconscionable. and at that point, they have to slash the dividend or need to borrow money to keep paying it. that's another classic tell that a dividend cut is imminent.

third tell, atlantic power was losing money. either the earnings will have to grow dramatically or the dividend will rapidly become unsustainable and it's highly unlikely that a utility can have dramatic growth. we also had warning signs about the business starting last fall. in october, the company told us they had a bunch of power purchase contracts expiring and they said that the cash flow from the projects would be substantially lower after those contracts ended. they told you all the signs were there. you just needed to do the homework and piece them together to see this atlantic power had a shellacking coming. how about century link, ctl. the rural telco provider that slashed the dividend on valentine's day. century link cut the dividend by 26% and dropped from $41 and change to $32 that same day.

a 23% decline. bounced back to $35. still down big from where it was. again, there was no reason you needed to experience that house of pain. for two years in a row in 2011 and 2012, it exceeded earnings per share even as management kept insisting relentlessly that the dividend was safe. you can only get away with that for so long before it becomes unsustainable, and when you throw in century link's capital expenditures and labor contract issues, this was another debacle that you could have sidestepped. and remember the moral of the story, don't trust management about an outsized dividend when the earnings aren't there to back it up. something taught to me by doug kass, my friend and colleague from the street's real money pro site who was chosen today to be the in-house bear at the upcoming berkshire annual meeting. couldn't happen to a finer skeptic. i'm urging skepticism when it

comes to the outsize yields. sometimes the stock doesn't get slammed because everyone's seen it come for a long time. that's what happened to frontier communications. at the time, frontier was sporting a ridiculous 17% yield, which is how you could be certain that pretty much everybody knew the dividend had to come down. plus the stock had already been cut in half over the preceding 12 months. it's not surprising that frontier barely got hit when they finally cut the dividend late in february 2012. you haven't really benefitted from it because frontier has declined some 7% since cutting the dividend a year ago. exelon, how about this one? a giant utility is another one that barely budged when it put through a 41% dividend cut. why? the reason? because investors were expecting more of a drastic cut. given the stock had fallen from the low to mid-40s over the last 18 months as the company's ceo relentlessly hinted that the dividend could be too high.

however, for every stock that didn't react to the news because the market saw it coming, there were stocks annihilated when the news hit. here's the bottom line, few things are more harmful to your portfolio than standing under a falling dividend. century link got crushed when the dividend got cut, atlantic power being eviscerated. these are falling knives, people, so please, i'm begging you. whenever you think about owning a stock with a high yield, always do the homework to make sure the dividend is safe first. because you do not want to get caught in the cross-fire if that dividend is about to be cut. in this terrific stock market, the dividend cutters are clearly the only skunks to avoid at the bullish party. george in north carolina. george? >> boo-yah, jim. from brevard. >> love it. what's up? >> caller: yeah, thanks to your advice, it helps pay the grandchildren's school fees. >> then we did good. >> caller: i've got two questions. should i sell brookfield

infrastructure properties? they've gained 20% in three months and brookfield asset management, a related company which has gained 20% in four months. appreciate your advice. >> okay. here's the issue that i've had with, you know, brookfield infrastructure is doing terrifically. i think that's a very attractive operation. brookfield asset management as another stock i've liked for some time, i have to tell you, i'm surprised these stocks are doing well because for the longest time i stood behind them and nothing happened. i think you're okay in both. you know i'm behind the power of dividends. i think they're the single best way to make money. when a yield is too high, a falling dividend can destroy a stock, so when you're considering a higher yield, a higher yielder, please do your homework and, remember, a real high yield is nothing but a red flag that you must pay attention to. don't move. "lightning round" is next.

it is time, it is time for the "lightning round" on cramer's "mad money." rapid-fire calls, you say the name of the stock, i tell you whether to buy or sell. play until this sound and then the "lightning round" is over.

are you ready skee-daddy? going to start with olga in ohio. >> caller: hello, happy polar boo-yahsky from cincinnati. >> what's going on out there? >> caller: well, it's a little cloudy, but very nice warm weather. >> it's a little chilly here today. >> caller: i wanted to thank you for being so totally brutally honest and defending the little guys. we need that. >> well, thank you. that's what it's about. i was reading confessions of a street addict, that was way too honest. thank you for recognizing. >> caller: my question is bbry, blackberry. >> i don't think it's going to go much below $12. for a speculation because i know people are worried about the new device, i don't know, at ten, if it ever got there, i would say buy it, at $11 maybe, at $12. i have no real edge here. let's go to al in michigan. al? >> caller: yes, how about yahoo?

>> oh, marissa mayer is just for me. i can't believe the job she is doing. even though the stock spiked today, i still like it. i think it goes to $25, $26. i need to go to barbara in virginia. barbara? >> caller: hi, jim, a great big boo-yah from virginia. >> i like it in virginia a lot. what's going on? >> caller: my stock is lvlt. i'd had it for a while, should i keep it? or should i -- >> i don't think it's going anywhere, not after akamai reported a disappointing quarter. i do not bless owning lvlt. i need to go to father dan in pennsylvania. father dan? >> caller: hi, jim, nice to hear from you. first, i would like to say i'm a huge fan of the show. i want to ask you about american waterworks company, ticker symbol awk, closed at an all-time high. what kind of long-term play do you see this being and would it be wise to buy more of it now? >> well, i want to thank everything you do for so many people and i want to point out that american water works and

apple america are both terrific stocks. i think you've got horse sense, i'd stick with the stock and if it comes in, i'd buy more. jeff in nevada, jeff? >> caller: boo-yah, jimbo. >> what's up? >> caller: thanks for all you do for us home gamers. jim, titan international twi, should i load up? >> no, no, no -- that one's a little -- let's just say that one's precipitous. had a precipitous decline. i'm not going to recommend -- i was looking for my 10-foot pole, i see a 20-foot jib, but not a 10-foot pole. it's too close. john in california. john? >> hi, jim. first of all, thank you for your early advice in the morning and also on your show. >> thank you. >> caller: my question is, what is your opinion in the u.s. and american airlines merger? >> i think u.s. air, i have been trying to -- so worried they might do a secondary after i recommend the stock, but you know what, look at radion.

they did a secondary and the stock is up. i like u.s. air. and that, ladies and gentlemen, is the conclusion of the "lightning round." >> the "lightning round" is sponsored by td ameritrade. ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box. ♪ all on thinkorswim from td ameritrade. ♪ you name it...i've hooked it. but there's one... one that's always eluded me. thought i had it in the blizzard of '93. ha! never even came close. sometimes, i actually think it's mocking me. [ engine revs ] what?! quattro!!!!!

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even in this terrific market, there's something to be said for secure consistent companies with large and growing dividends. earlier in the show, i warned you about the dangers of dividend cuts, but now i want to highlight how bountiful high yielders can be when the dividend is not only safe but rising. consider american realty capital properties, arcp, a real estate investment trust with a 6.8% yield. here's a company that owns 692 properties, under what are known as triple net leases. in a triple net lease, the tenant doesn't just pay for the rent, they have to cover the taxes, insurance, maintenance costs. arcp's business model is about as safe as it gets. some of our other favorite reits account for 62% of the average rents. nothing worrisome.

arcp is in an aggressive acquisition mode. and that's allowing them to broaden the tenant base over time. speaking of acquisitions, the company closed on its merger with american realty capital trust, it's a private reit and created a lot more liquidity. arcp just reported last thursday and not only did it beat the street's expectations, but the company has raised, are you ready for this one, they've raised dividend for five consecutive quarters. let's check in with the chairman and ceo. congratulations, sir. have a seat. i don't like to bury the lead. you just bought 50,000 shares, why? >> well, i think the price was very soft earlier in the day today. today was our first day trading. a number of our board members bought stock and quite honestly, the yield when we bought it was around 7%. and i love the yield, i love the company and i'm here with the investors every day. >> one of the things a lot of

our retail investors and you want them as your shareholders. they don't understand the notion of how important it is to have float. the institutions want to sink their teeth in your stock. >> correct. and when you really look at float, float matters a lot because the large index funds, in our case -- we haven't moved into the morgan stanley reit index or the russell 2000. so as that occurs, you start to have very stable investors come in. the etfs and the index funds. so size matters a lot. it lowers the cost of capital. and as you have the float, the large investment funds have the ability to get in because they can get out. >> right, and also people should understand that when you're added to those indices, it tends to be pretty good news for the stock itself. >> it's good news because it's a one-way ticket. once they're in, they're not leaving and it's just then the quarterly readjustments. >> one of the reasons i said it's so safe, you're the only reit i deal with that's 100% leased.

>> we are 100% occupied, we have zero leases rolling in the next 12 months and less than 1% of the leases roll in the next three years. it's very stable and also, remember, we only do corporate credits. and we're about 79% investment grade of across our tenant mix. >> i know periodically people say, well, jim, but amazon's gonna kill them. you've got dollar general, fedex, walgreen's, they don't seem to be that exposed. >> no. it's also interesting for us, we've tried to build a company around not just a good economy or bad economy, one that is durable in any economy. >> right. >> and if you look at our credits whether it's the government, general services administration, walgreen's, cvs, all these names and credits are very durable themes. so we don't do anything in the electronic space. we're not doing the ones that we worry about sleeping at night. >> there's talk that citizen's bank may be spun off eventually. is that something you're worrying about?

>> it's a wonderful thing when a bank's acquired. usually they fail upward because a large bank like citizen's, it's over $170 billion of assets. >> right. >> and it's investment grade, obviously bbb, and if they were to be bought, they would be bought by a larger bank, but the best part is because they're guaranteeing that credit, we get both credits. we get the new bank and the old bank. so no leases can be terminated in that transaction. >> okay. i didn't know that. that's terrific. now, you say you want to do acquisitions. are there things to acquire out there? >> well, we just announced in our earnings call last week that we've already got almost $400 million of acquisitions completed, which was our goal for the year. >> right. >> so we are ready as of the end of february, we've already bought about $400 million. but we project that we can easily buy -- last year, we bought about $1.2 billion in this company. in the merged companies. and this year we're projecting to buy about $1 billion, which is easily obtainable. >> it's the board that speaks to

the payout, but have you spoiled us with five times, five straight dividend increases five quarters? do you have the flexibility to continue something like that? >> obviously this is a quarter by quarter decision made by the board, but it is our intention to continue to grow our dividend with our revenue growth and our earnings growth. and we are projecting a 16% earnings growth year-over-year between 2013 and 2014 as we published. >> this is a great untold story and some say, jim, why do you have this kind of stock? first of all, it's the largest reit in the nasdaq, it's not a small company. but second, this is what people want. got to have a balance. you have a balance between the googles and the arcp. >> it's a little boring, and we look for that durable income. and i think investors need that in good times and bad. >> i totally agree with you. that's why i was thrilled to have you on.

nick schorsch, chairman and ceo of arcp. just bought 50,000 shares. "mad money's" back after the break. right that's a fifth-floor probleok.. not in my house! ha ha ha! ha ha ha! no no no! not today! ha ha ha! ha ha ha! jimmy how happy are folks who save hundreds of dollars switching to geico? happier than dikembe mutumbo blocking a shot.

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can you imagine how well this economy would be doing if washington weren't the enemy of capitalism? can you imagine how high the stock market would be? it's pretty darn high, if president obama cared about it at all? could you imagine how robust retail sales would be if congress could agree with the

president? i can't believe what a travesty it's become when it comes to putting people to work. the republicans seem to be focused on social issues more than ever, although they now say they are bearing down on government spending. it feels like the president seems to only focus on making rich people pay more. no one it seems to me is focused on putting more people to work and growing the economy. no one except for ben bernanke. you think it would be the legislative or executive branches, wouldn't you? they're elected by the people. i don't know if you could do less to help working people than they're doing right now. i don't know if you could hurt business formation more even as we're just now beginning to come out of the great recession. even the sequester seems uniquely designed to throw as many civilian workers out of jobs and in the unemployment rolls, as many as possible. the economy keeps on ticking. i spoke to the pioneer behind auto nation, a fabulous company and terrific investment and looking for u.s. auto sales to come in more than $15 million. jackson sees the used car market

coming back, a secondary market every bit as big as the new car market but has been stalled out by a lack of product. the point he made sticks with me, we're coming out of not a recession, this is jackson, but an actual depression in auto sales. and that's such a strong pull that it looks to me that the government try as it may can't stop coming out of a depression, same with retail sales in general. take target. last week, it definitely disappointed, no doubt about it. today it roared from the get go. we've got wealthy people spending as we know from the luxury purveyors, we have poor people spending and we know from dollar tree numbers, check it out @jimcramer on twitter. we have home builders and people spending, as we know from home depot's terrific report. these are all happening with possible exceptions to the dollar stores, of course, because of the wealth effect. even walmart's benefitting from it. this is a combination of higher home values. more than 60% of the people in

this country own homes. because of a depression in housing that is now over and higher stock portfolios because they announce -- they seem like ineluctable forces, frankly, that can't be stopped by the republicans or democrats. a housing depression, that's the only way to describe a market where we built only a quarter of the homes we're putting up just a few years before. housing depression and auto depression coming out of it, how can you not have great numbers? finally, no matter what washington does, and they're doing plenty of bad things, looks like they can't stop energy development. we are drilling oil and gas wells, building railroad lines and making our continent energy independent despite hindrance of washington the whole way. i marvel at what we could have if washington would help or get out of the way. and who knows what would happen if they addressed the core issue of entitlement spending, but no one seems to be willing to tackle that head on. i'm a realist, it isn't going to happen under this presidency and this congress. they are road blocks to progress, to the higher tax revenues. they don't seem to care. the private sector will have to

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