tv Mad Money CNBC June 17, 2013 6:00pm-7:01pm EDT
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wins regardless of what happens with rates in the short term. i would be bir under 50. >> guy. >> con co phillips, it seems like they have gotten their mojo my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now! hey, i'm cramer. welcome to "mad money"ful welcome to cramerica. other people want to make friends, my job is not just to intertain you but to coach you, call me, 1-800-743-cnbc. sick of this federal reserve guessing game yet? sorry. it's a gigantic issue. it will control events no matter what we do t. dow climbing 110
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points, s&p gaining points 7.6%. nasdaq almost cracked it at one point they didn't get it going. >> that was easy. >> now you can argue that today's victory for the bulls came because japan didn't go down last night. japan is a chicken and egg situation t. jap neesz stockmarket started falling apart a couple weeks ago. japan could rally a couple percent on rumors, which is what we got today, that the fed is not going to tighten. in the end, let's call it tighten what the bond program really needs. let's play, let's be ready for wednesday, you and me. first the back trap t. feds buying bonds, including mortgage back bonds, very unusual. some on the board have hated from day one. >> boo! >> it's a component of the fed that thinks their job is completely and utterly done. but they've also there is another group of people who said they shouldn't intervene in the first place. by the time they speak, they speak all the time the market
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gets happening. it's like they never stop talking. then there are the people. the other one who matters, ben bernanke, he recognizes the economy may not be enough to draw the sim lus in fine 13. what's that mean? in 1937, when we were coming out of the great depression, the white house and congress decided things were bouncing back strong! strong enough that it was time to start closing the deficit by raising taxes and putting less financial support into the economy t. fed agreechltd hey, come on, man, it was a first class disaster. >> the house of pain! >> it turned out to be a recession within a depression. now the president and congress have raised taxes as a part of the fiscal cliff deal. they agreed to the sequester, which was supposed to cut the defend spending. it is impacting a lot of little programs the media isn't focused on. wetion heard much about it. the fact that they're at 52-week highs, makes it seem like the sequester doesn't matter at all, who cares?
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government just doesn't know what it's doing. that's not the point. the point is neither the president or congress is doing anything extra substantive to get it moving beyond what it's done. we have for the interstate highway to build out over ike. we have no wars, fortunately, like world war ii. we don't have a problem to fix bridges and tunnels. i think often the pipeline companies and google, goggle are doing more to help infrastructure and the government. into the brooch comes ben bernanke, he kept mortgage rates down, the interest rates down. in light of the data, is the work done? you have to understand at some point the work will be done. some people think it will never be done. that's wrong. the program is not supposed to last forever, it's only supposed to last to the end of next year. many stocks will get hurt.
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it is now undon'tabeny annual. the question is when will it end? it has to. the question is it can end this year. ben bernanke is a history buff. he's well aware that he's the only bull market against the return of the great recession within a recession. so it comes down to this does the data support ending this program right now or not? bernanke has to answer a lot of questions, can the housing market continues to be robust on its own? are there enough construction jobs? do the payroll debt support the curtailment. plus, are our allies in a good enough shape to withstand a tapering, particularly the emerging markets, which haven't recovered one whip from the initial conversation. i don't zen envy this fed chief. for example, take this morning pipes, we had that fed chief commentary. it seemed better than expected. when you looked underneath, orders and home builders were
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subpar. we show the most bullish on housing since 2002. it puts an end to quantitative easing this year. interest rates spiked dramatically. maybe the home builder's conference is misplaced. we know we are on target to build a million homes this 84. we know a homeowner was in the money on his mortgage. he spends three times as much on money on his home as someone who isn't. a lot of people are now above water. however, 10 million people are below the level and if the fed tightens, maybe tail stay there. we know from the st. louis fed the keeper of the stats, it's beginning to increase. the note from the bank, they are down. however, tar x the gigantic equipment company had a report saying the u.s. is weakening, meaning commercial construction is not back, they're too weak to ignore. retail spending they say it's strong. walmart and target far far bigger seeing the opposite, same with dar general.l we know the wealth made the rich richer. they had the big stock
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portfolios. they go up, hey, you know what, that's more spending him how long will that last including the bonds they own lys, like th ones that the pending comes from. china is slowing, why is the bull market break up on the upside. europe is horrendous. well, but why then did bbva, a huge spanish bank the epicenter of the problem, someone said, say that europe is stablizing? and why did ford, which my charitable trust owns, why didn't ford agree with bbca to go so far as europe looks good. i think the taper is southeastern than later. i say that ba us the euro is so strong. i do not know a soul who agrees with me and david faber, a great
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friend and co-host, he ribs me all the time. meanwhile, oil is going higher, he said maybe oil, because we were awash in oil and every other commodity, zinc, led, iron, they were hammered mercilessly. then the darn stocks. the ones that rallied into weakness last week were the food and drug fames. hold it, though. maybe they were actually up because interest rates went down. i know, what a thicket, poor fed. if you are trying to avoid a 1977 scenario and go back into a recession, then this is clearly not the time to stop, not now, not next month, not the month after. maybe not even this year. there is nothing happening saying we are closing in on the unemployment. certainly not new hires to when obamacare kicks in. when the president decides it's a part of the keystone deal, we need a carbon tax. here's the bottom line, yes, the fed has to stop eventually,
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maybe this 84 t. strong points, overthe weak points. however, i believe this week's fed meeting will be one more big bad event we got to get through, lots of volatility going in, with understand the meeting is out, it should be a sigh of relief. we are close enough to the end of the quarter, they expect the downside to stay muted. of course, this week will not define the future as much as many seem to expect it to, other insist it will be make or break. sorry. it won't be. how about kevin in new jersey. kevin! >> caller: hey, boo-yah, mr. crimm cramer. >> boo-yah, neighbor, what's going on? >>. >> caller: carl i have a question the oil prices reaching a nine-month high. southwest airlines. common sense would say either it's going to profit or it's going right to the consumer. if that's the case -- >> i'm not concerned about oil. i think oil comes back down. i think it's unnaturally up because we are awash with oil. i'm not going to ban my quality that you should ban the airlines, no, not now. chris in new york.
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chris! >> caller: hey, i'm calling about utx, united technologies. i have been liking defense and aerospace contractors lately, lookheed, raytheon and textron t. one has been getting attention because of the score can i contracts and the repair for the boeing 787. so i'm wondering if you see it as a bit pricey? >> no, i like it very much. my charitable trust took a profit in it. go back to 91, it's not. a guy on squawk this morning was telling a good story. i like you tex. >> this is phil from arizona. >> what's up? >>. >> caller: i'm calling about facebook. where do you see face boong going for the future and why is it always up and down and what about their new announcement nor june 20th? >> well the june 20th, they're going to announce it the bear is going to come out.
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they will go back down. this is a trust my charitable trust owns. i don't want you in it unless you understand it's speculative. this stock is so hated and has so few defenses against the bears it will get mauled every day of the week. i am glad the market was closed saturday and sunday or it would have been shut down those days soon. when the fed meeting is over, it's a big fan of that hein us and there will be relief. "mad money" will be right back. coming up, hungry for games? burgers and blooming onions have found both of these more than double this year. but which company will leave your portfolio asking for seconds? cramer compares the menus. and later, john paul. the heat are still alive. and so is the "mad money" miami vs. san antonio stock series. tonight, two stocks both under $10, one biotech with a powerful pipeline and a play on the boom of all those digital billboards.
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which can give you dazzling returns. cramer makes the call. plus, let's make a deal the biobug has sparked some companies to pay up to their high quality competitors. tonight, cramer helps you into ind the formula to discover who could be the federal government company to get picked up, all coming up on "mad money." don't miss a second of "mad money." [ male announcer ] citi is over 200 years old.
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are surging. i know jack, it's up a cool 50% since i recommended it about a year ago. i mentioned chuy, i love that steak and they rallied 56% respectively, these smaller restaurants are much more risky and speculative than a junior growth stock like bw whatever, buffalo wild wings. they are expanding and the risk is leading to big rewards. so tonight i want to take two of the most asked about casual dieng restaurant names, because this is an interactive show and we're going to pit them against each other, see which one is better. i'm talking about red robin gourmet burgers versus blooming brands, remember that? outback steak. both these stocks are up to indict. which is better for your heart? ha, ha, ha ha ha. anyway, let's compare blooming
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brands, it has 1,471 restaurants spread against five different concepts. outback, all the caraba's italian grill. bonehead grill and wine bar and roy's. although they have red robin, r.e.d. robin. smaller with one concept in 475 location, a majority are company owned. when we look at these small restaurant chains, the main thing to care about is growth and growth potential. it shows you how far they can expand and same store sales. they tell you whether it's worth adding new locations. blooming brands plans to add 30 locations in 2013. sadly, that's 2% growth. although, they are remodelling 131 existing restaurants, mainly outback location. by the way, when you remodem, it's always very significant. red robin plans to open 20 new core company-owned restaurants. now, that's a 4% growth right
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there. that's twice of blooming, right? in addition to opening several red robbins, burger locate, red robin, bingo. it wince home growth. blooming has an edge when it comes to remodelling. in terms of same store sales, both companies are roughly in the same league. last 84 the same store sales in low single digits. red robin is forecasting 2.35 increase. i'm calling that push a why? red robin is domestic. bloming is exposed to 21 different countries around the dploebst that's good for red robin right now. long term gives blooming international growth opportunities, especially, yes, china. what about catalyst? red robin has much new products coming out with two newburgers, more clever alcoholic inno viegs, can crafted cocktails, these are mixtures of beer and liquor served in reusable beer
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cans. genius. blooming, meanwhile, has also tried to revamp its menus, more important the company is keeping more and more of its restaurants opened longer at lunchtime. by the end of the 84, they should have expanded 34% of outback location, 26% of the caraba's unit, they expect to see a 1.1% same store sales. hey, that's something i like very much. i think you can make a case that right now red robin, the company, is slitly more attractive than the blooming brands. what if you lock at the stocks? that's the next component. both rallied 60% year-to-date. yet, one stock is cheaper than the other. the other has become kwoit expensive. red robin sells for 22 times next year's earnings estimates with a 9.5% growth rate. it is trading 2.35 times its growth. my rule of thumb is you should never pay twooit twice the growth rate for stock. otherwise, you are asking to be burned. bloming on the other hand sells
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for a lower multiple. just 18 times earnings with a higher growth rate of 16 pound 7%. that means blooming trades at 1.70 times gross. my verdict, red robin might be putting up more units as a catalyst this summer. i think it's possible they are baked into the share price, meanwhile, despite its run, blooming brands remains quite inexpensive. right now, i prefer the stock of blooming brands the bottom line, two companies of fairly similar fundamentals, one is a whole lot cheaper than the other, boy the cheaper one, when it comes to red robin blooming prandz bra, i say let the red robin go bob bob bobbing along. but the blooming is the better buy. let a thousand restaurants blooming. however, please don't narrator it. you get a little pullback. that's when you pull the trigger. i bet you can't each just 1,000 camrys. after the break, i'll try to make you more money. coming up, the heat are
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♪ >> it's game four of our boardroom baller series powering the nba finals, san antonio is currently leading the showdown, not unlike the real ones. this one is 2 to 1. call well bankers won the first two. tonight we want to pit a 6'8" forward versus a 7'4" center. in other words, i'm talking about speculative stocks butting heads against each other, miami's opko health and miami's clear channel. it's a billboard play. i'm sure you are saying, cramer, what are you doing? how can you possibly compare these two? is the answer is they're both speculative stocks. the market capitalization is similar about $2 billion right in the sweet spot. so pick between opko versus clear chan sell an exercise.
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remember when we play am i diversified, i require the diversive picks as a cohort. we have a whole group picked up we hope by this time some of you can do in your sleep. you got to do it like you compare basketball players. you have to ask yourself, who plays better out? who plays better d? who is bloated? who gets back, right, versus who stays in transition. who has the stamina to go the distance? who is unselfish? wants the whole team to when? by the whole team, i mean the shareholders, who is given two assists and rebound. opko is in the development stage, bio companies have ref lougsary.gov nostic tests in the pipeline. including a game change wag toy screen for cancer. mainly billboard oriented is very much tied to the health of the economy. the ceo has over 750 advertising
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displays globally, including 200 in the united states. that's a lot. both stocks are trading around $7 and change. they got to that level in different ways. clear channel has been trading stoodways, 6% year-to-date. opko rallied like crazy. it's up 47% to $7. let's get to the head-to-head face off, please. >> buy, buy, buy, sell, sell, sell. >> miami versus san santonio speculative edition, espn. this is what you want to be doing. at the moment, clear channel has a major upside opportunity coming from digital displays. take the lcd flat skroen based billboorsd, they can show the movie advertisements, or scroll through ads the ones you want to watch while driving. thoo they are more lucrative and cost ahem heck of a lot to build out. the company has 10% of their sales from wall scapes from all displays and what are known as spectaculars. these are big customized display
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structures that often use video and multi-dimensional figures with lettering, along with mechanical moving parts and great special effects. it's at the fashion show mall and miracle mile shapes in las vegas. i got to admit, i think this is pretty darn cool. how about opko health? right now they don't have much offense at all with very low revenues. the products aren't approved in many places. however, their offense can goer up. they can soon get a heck of a lot better within they pittsburgh up their pros spengts in the united states and some of the late stage drugs come up for fda approval in the future. it has a catalyst that can make this company a much better offensive player. boy, boy, boy. >> next up, who better play defense if they play any defense at all? these are speculative stocks. they have no dividend protection, not much in terms of buybacks either. i think opko, it's health care company is immune niced to a
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slowing economy. right? clearly, clearly, clear channel outdoor on the other hand does need a healthy economy to do well. if the economy goes south, you can expect that this stock will be hammered. and because cco gets roughly 28% of sales from overseas, it's hostage to xhis around the world as well, yeah, so even though you wouldn't draft either of these players to the defense, i'm giving opko the edge. third category, i can tell that you cheer channel outdoor is bloated. in fact, you might call them morbidly owe bows with $4.5 billion net debt. cco has a debt to ebidita ratio of 6.6. often, they have very little debt. they get products to market. fourth, they have a terrific track record of making acquisitions that can grow the business. in 2011, they bought clara's
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diagnostic, which is how they got that fantastic prostate drug test rolling out. they have another better mouse trap play t. company has developed a long accu-version of a human growth hor money. opko is working on a drug for keep this were to endues nausea and they actually own 2% of tesaro. that's why i recommended it at 39. whoa. not only is opko a catalyst that can purpose the stock higher for years to come. it's given us great investment ideas, too. clear channel outdoors, on the other hand, simply will not have enough stamina unless the company can refinance a huge amount of its debt. finally bhorks is a team player? which one? which of these companies is unselfish and wants you to share hold tore when. cco is a selfish pampblt last 84, cco paid a $6 per share
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divgsd a special one. i don't know% of that money when to the the parent company. opko has a trick ceo. he has a past proven record of creating tremendous shareholder value. the stock sprouted and key pharma was taken over in 1986 and imax pharmaceutical, give you, get the, this is not a typo, a head case. 6,000 percent gain to anybody got that ipo. the man with the midas touch. the mon is constantly buying more shares of opko. he bought 6,000 shares since march. he owns over 42% this guy is a believer. the stock is given a 61% gain back in november. no short, opko is far better the team player. hooers the bottom line, when you tally up the different category the miami-based, smarter way to speculate than san antonio's clear outdoor.
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that's a much needed win for the home of the heat particularly after last night. i now think san antonio takes the real enchilada. this is going to opko, i will extend one to the good people of clear channel outdoor. too. how about we go to questions chris in michigan. >> caller: >> i love your show, man, thank you for taking my call. hay, i want to get your thoughts on quest core. it was down in 2% in today's action. the company just announced they were acquiring the rights to develop senex and depot. the deal, the company parted rights to these drugs in over three dozen companies giving them an international presence. >> right. >> caller: the company recently announced a 25% dividend. >> right. we know all these god things. that's enough. because this is a company that has a sore point with me. the reason i say that is i don't
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have any right to opine on it. i recommended half. you can argue, at the same time, i have not handled myself on quest core. i liked it high. it went all the way down. i didn't know what to do i was shocked after the a bear case. aam not going to offer an opinion given how wrong i was. people say he's always wrong, he admits he was wrong. hey, i got it wrong. i sure didn't understand it last time. how about joe in wisconsin. joe. >> caller: jim, hey, boo-yah from oshkosh. >> oshkosh, we love oshkosh. >> caller: how are you doing? thank you for all you do for me. i was wondering on this acadia pharmaceuticals, i have been listening to the conference calls like you taught us, they said the drug for parkinson's disease psychosis alone could be a significant factor if pricing. what do you think? >> yes, i'm not waivering, i think this is a speculative
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stock that can really by it's a bin binary after this guy janetic run. it's up 300%. we have liked it. i liked it when i first told you. obviously, you are up a lot. i do like the complex. but it's a spec name. let's understand that. quest core, hey, i'm sorry, i'd rather admit within i was wrong. i was wrong on crest co. it's another win for miami. opko health, a smarter spec, in the end, i am for them telling you, take the next game. [ music playing ]
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ebay? >> the charitable trust the trust has had success with, buy, buy books buy, it came back in on the weakness, i think it's very ripe. let's go tosoni. >> caller: boo-yah. >> go blackhawks. i like both teams, they're both, this is some series. what's up? >> caller: yes, sir. i want to let you know a long-time fan, enjoy your show for many years. are you a great guy, sir. >> thank you. >> caller: hey, what do you think about pengrowth? >> it's so tough. it's a cade one. i think it's the best of the lot. boy the canadian ones have all sorts of taksim politics. people were saying i was too quick the other days. this is one you got to go to your tax professional on. i'm afraid to opine on it. it's so difficult. shelly in new york. shelly. >> caller: boo-yah from shelly, baby, in brooke help, new york.
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>> hey, man, i was all over your town, water up? >> caller: oh, your world opened every place, sweetheart. you are like a stallion. i love you. let me tickle your insight, please, upon your recommendation, i bought conagra- but it has not been doing well. as you opine, please tell me what your thoughts are. >> i mean, conagra- the high was 36. it's at 34.5. this market has been horrendous lately. i think conagra- is terrific. it yields 2.8. it's a good company. that group is stalled. when that group comes back or we get a recession, conagra- is going much higher. annette in california. >> caller: boo-yah, mr. cramer. >> boo-yah. >> caller: good evening. thank you for all you do for us small time investors. you rock. it's possible i'd like to add a speculative stock to my portfolio, not my retirement. the stock is coty. >> i think coty needs to make an
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acquisition. i the they need to step up and buy avon. you said it was speculative. you said to bless it. otherwise, i would send you to estee lauder. i think that's a better company. let's go to donald. >> caller: yes. >> go ahead, donald. you've up. >> caller: i had holdings two mon vrts ago for $froith.50 of sears holding venth it's gone down about $12. i still have it. what's your opinion on snit. >> neither here nor there. it's having trouble, walmart is having trouble, why own sears? that's where i come from. dan if connecticut. >> caller: i like to give you a norwalk, connecticut boo-yah to ya. >> i like that. >> caller: one that caught my eye is carmax. >> carmax peas ahead. the stock is running into the quarter. if it goes down on wednesday
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after the fed speaks, i think you can buy it. not here. it's too close to its high. george in california. >> caller: boo-yah, this is george from the new home of 14ers. and thank you, jim, for all the work. i got pier one. >> i like pier one t. stock is run just like the other one i just mentioned. here's the problem with pier one. they report the week like carmax, when they run the much, again, you run into the possibility they go down on good news, which is what i think can happen. boy do i ever leak that company. alex smith is a fabulous ceo. we have been with them for seven months. how about philip in new york. >> caller: hey, jim, how are you? chicken world capital. what do you think of bank of america there, jim? >> i have to tell you, here's the deal, bank of america is good. there are other banks i like more. but if they do well, bank of america will go, too. so i say it's buy. how about that.
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it's fine. how about bob in kentucky. bob. >> caller: hey, this is bob in franklin, kentucky. how are you do something. >> all right. how about you? >> caller: good, no skin nus. >> this is another sell along with herbal life. i leak tupperware best. okay. then there's all the rest. that's how i feel about it and that ladies and gentlemen, is the conclusion of the lightning round! sit-coming up, let's make a deal? the buyout buck has sparked some companys to pay up to acquire the high quality competitors. toocht, cramer helps you into end the formula to discover who could be the next company to get picked up. ♪ [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros
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so you can spend less time doing paperwork. and more time doing paperwork. ink from chase. so you can. >> there is something really bullish around here, it's called merger monday. virtually, every monday all sorts of big deals are announced. maybe something odd has happened the deals have dried up. 2013 has been a tremendous year
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for mna activity. however, the disappearance of merger monday still feels very bizarre to me. because the vast majority feels the have gotten done the ones recently, they've produced tremendous insurance for the acquirer. >> ham louia! >> we need more merger mondays. while the market merged, we can't let that last. tonight we have three recent deals to show you why the stocks went higher counterintuitively. gannett and these companies have taken a lesson from the shaw shank redemption. i hope by showcasing these three stocks other companies will realize, hey they can do acquiring. especially where corporate balance sheets are brimming. just consider last week gnett
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bought belo. the stock record. gannett dropped 34%. head jacher, huh? last week they agreed to buy warn warner and it had been rung the prospect of a deal. bng jumped 2 points from 29 to 31. b & g. talk about shaking your booty. this is not normal, people. usually in a takeover the stock goes higher, not lower, yet we just saw these stocks were acquirers. young cash makes the difference. gannett stock went up more than the stock it was buying t. one thing these mergers have in common is they are added to earnings that's what matters, which means the analysts need to raise the acquirers. companies that adopt their don't just stand there approach, give
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them what we see here, all sorts of taken companies should be jumping all over themselfs to make acquisitions. it's not happening. let's take a close look at these deals. why did gannett rally so hard before it bought belo? before it had half its business from publishing. the owner of usa today and small publications i read every day, the sad knew is the newspaper biz is in long-term decline, it's terminal. buying belo be transform the nature of the company. >> house of pleasure! >> moving it away to teleinvestigation broadcasts. gannett is going from 51% print to 31% print and 52% broadcasting after the deal. this will be a tv company with a publisher paper. once that happen, they do indeed
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deserve a higher price to earnings multiple. gannett will be one of the largest brad cost groups in america. they will have 43 stations and 21 are located within america's 25 largest media markets. in terms of hard numbers the belo deal should produce $175 million of annual synergies within three years of closings. it will be yabded to their share, raising numbers gannett. activis agreed to pay warren, they also bring in two entirely new businesses, gastroenterology and dermatology. and giving the company more exposure to women's health drugs, including a birth control franchise.
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westerner chill werner chillcot is located in ireland, corporate tax rates are incredibly low. management expects 4 billion and acquisition to boost 30 to 45% in 2013. that's a huge, terrific transaction. and a week ago, b & g foods, they are breathing new life in them. this $195 acquisition gives b & g poi power's booty and snack puffs, two snack brands that have grown to double digits in recent years. they will now own this baking and kind of snack bread thing. the most wholistic thing about this deal is the numbers. in short, b & g gets more explosion e pose 84 the natural
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food space. it's funny, remember when b & g sold down this makes the worries go away t. stock is back on the high list. what a company. you don't normally see the stocks roll like this. it's happening over and over again. i got one more deal to mention. the stock rallying off a smart acquisition. linn energy buying petroleum. instead, the stock has been held back. sioux some say because of questionable accounting. it is targeted by a group of short sellers who are powerful and are holding conference calls to explain why linn deserves to be much lower. i think they are doing well t. short sellers produced research that's meant a to drive a wedge between linn and sabotage a deal because of the drop of linn. would be bad for linn. we will be able to raise the distribution. stock will go higher. which is why my charitable trust bought some. they are hosting a teach-in how linn is a fantastic short.
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i guess it has the full blessing of the sec, right? even as it seems to me the type of thing the sec was supposed to block as part of its charter, it includes a mission. to me, if it looks like a bear raid and smells like a bear raid, it can very well be a bear raid. if you are locking for an extra point, it commences more selling. otherwise, don't bother, bear believes this is a life or death matter. they must kybosch the deal or the representations will be solely perhaps forever. here's the bottom lean t. moves in gannett after acquisition tell us this market is rewarding companies they node, they just know, for certain, that they need to get busy living or get busy dying. i think any of these three stocks will be a buy into weakness. they are too red hot to buy right now t. next time the market sells off, more important, we need to bring back more m & m.
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and ask an insurance expert about all our benefits today, like our 24/7 support and service, because at liberty mutual insurance, we believe our customers do their best out there in the world, so we do everything we can to be there for them when they need us. plus, you could save hundreds when you switch, up to $423. call... today. liberty mutual insurance -- responsibility. what's your policy? premise, i hate coal. i supported anti-coal causes ever sense i was a teen ager and the andirondacks from coal-powered power plants. i think coal is the scourge that
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causes terrific health problems. coal leads to about 13,000 premature deaths a year t. natural pass the has been shown to reduce harmful emissions. i want it to be a breckenridge fuel. said, i am watching in a gas the powerful environmental lobby not content with the huge win it's had in closing coal plants in this company. now countries are tied to burning coal. in some cases more than ever. because of the rapid shutdown of nuclear plants everywhere, these guys are all using coal overseas. this weekend in a fabulous piece of the new york times, we saw the dark contrast of those who want to shut down coal plants and block new ones. the crow nation is starved for jobs with only the coal industry giving them enough opportunity to work. we are closing plants so quickly, they help us with our adecks these jobs will move away without coal exports, the coal
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company in question can be hard hit. on friday it attempted to raise money. the stress in the coal patch is now very dire t. only real help for those employed by these companies is more export terminals out west to shift the coal to the starved nations of acia. it's not like somehow we will stop using it. there is plenty of coal that can take up our slack. if we stop exporting coal, we'll simply be exporting more lightly skilled jobs overseas. however, this trumping of job creation on behalf of the preferences to what tend to be wealthy elites who have few employment fears? is it the heart of the this administration's policy, if you can call it a policy. i've asked them a myriad of times, if they can choose to balanceothey simply refuse to answer in own ka hernt way. i now fear the president will say yes. it's worse. it can be a demand on carbon
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tax, which would severely pro poet more job exporting. this time to chosen and more importantly mexico. there is a cost balance to everything. not when it comes to the greeks. they only see the benefits of the skies. the country is the struggling to produce enough jobs to put food on the table. there is nothing wrong with exporting coal to china and demanding the chinese do the best to clear the skies if they want free trade. instead, if we stop providing it with no quid pro quo overall. it needs to strive for long-term air quality. it's a shame and pathetic job creation doesn't play a beggar role in these incredibly important decisions that led to incredible hardship for the soon to be ungainfully unemployed workers and their families. you bet we want clean skies. we also want people to have a chance to be able to get a couple of square meals on the table, too.
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please, don'ts they keys upmoves. they're horrendous. you have a fantastic time to buy mid-day. there is us as a bull market somewhere. i am jim cramer. i will see you tomorrow! i'm jim cramer. we'll see you here tomorrow. >> the world's top leaders are meeting at the g-8 summit right now, but they are not focusing on the right thing which is growth, growth, growth. the european economy is in a six-quarter double dip recession. the u.s. is sub par. japan is trying to reignite, and i'm especially critical of european monetary policy which is way too tight. and speaking of monetary policy, our markets are more obsessed with it than ever. strong stock buys this afternoon, based on just one reporter from "the financial times" and his ill-advised, uninformed conjecture about what the fed would do, and then when that same reporter tweeted everybody that he really had no idea what he was talking about, well, stocks regained most of
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