tv Mad Money CNBC June 2, 2014 6:00pm-7:01pm EDT
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>> giddy up! >> you guys should hug. >> romance. >> all right. anything else to say about marvel? >> i was going to hug see you tomorrow. meantime, jim cramer starts with "mad money." >> my mission is simple -- to make you money. \s. 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", welcome to cramerica. i'm just trying to save you money. call me at 643-c northbound, tweet me ad jimcramer. why can't we just admit that some stocks are cheaper than they seem. why do we have to be bound by the benchmarks and only evaluate
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stocks as an asset class? dow advancing 26 points, s&p gaining 0.7%, nasdaq declines. but what really matters is what lurks underneath, because the accumulation of the evidence, the body of proof, so to speak, is in the pudding of individual stocks. not all that big picture chatter about aggregate numbers that might make stocks in general seem expensive, because they're trading at 17 times earnings as if there is a there there. why is it so crucial to remember that individual stocks are much more important than the aggregate averages, at least in cramerica. because over the last two decades something terrible has happened. stocks are now treated lie commodities. what does that mean? it means they're trading together as a unit, like corn or
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wheat. this kind of analysis totally ignores the value of virtually everything that happens in individual companies. there's an bog gus reasoning at play here. in order to justify the how meteorologization of the stock market, but in reality, this whole concept couldn't be more wrong. just last week. let's go -- they made the bid for pinnacle and pinnacle sword. even that deal in wheat or pigs or cattle, here not how meteorology niced.
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pilgrims pride and price got into a bidding war over hillshire. hillshire's stock soared of 0% in a matter of weeks. believe me that is something you will never hear about or see happen with a stalk of corn. we learned that activists put pengle to paper and for you out a packages and there are many valuable assets that could be brought out. i think the analysis is sound. we looked at it here at "mad money" and judged that the sum of its parts is worth more, but now some with firepower has bought enough shares to issue a
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serious challenge to beginning process of unlocking value. even up today, i'm a buyer of westvaco. just how valuable the stocks can be, now if you trade them. but if you actually invest in them for the long term. i personally think, by the way, it's outrageous that the feds visited him in a public place. why ambush the guy and ruin a reputation? how about some evidence? i think carl icahn is exhibit a for why stocks are not commodities. i took a stake in clorox, when it was in the 60s. the ceo said icahn should give him a chance, let him bring out some value himself. icahn did exactly that.
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ka necessarily nell ked his word. but knowing you're as good as the other rumored stocks that they alleged insiders trade allegedly, dean foods, if this extended back to the clorox period, you caught a fantastic return here, as they spun off. really just giving you an amazing return. to anyone who traded dean foods, perhaps because they learned something they shouldn't have, it probably met next to nothing. you don't -- prosecute insider trading if you lose. however, the real gain is because white wave, a dealer in commodity-based products like soy, showed that its stock is anything but a commodity. what could be more commodity oriented than soy?
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soy milk? first was soy milk, now with lettuce. it's like turning lead into gold, but it's notice alchemy, just perfect management. company that is succeed in processings, plant-based foods? they're anything but commodities for heaven's sake. have you noticed how the ideas have played out at apple. they rolled out the new operating system today, and while that could be a long-term needle mover, what got this stock going in the last year is icahn's suggestion adopted by tim cook, to take the excess cash and return it to shareholders, where does that fit into the commodity view? i don't like to comment on rumors. i do comment on stock moves. commodity financial services firm might be talking to daiichi life, a large company, causing the stock to spike. the fact that protective life wouldn't confirm whether there is happening or not did nothing to dissuade the buyers who piled into the stock.
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why? because the stock is cheaper than the commodity basket the if stocks. how about broadcom? a stock that's been morbid, and i'm being kind by saying that, because they the spending hasn't paid out. finally consider the remarkable action in allergan 80 points ago the ceo came on this show and told you not to worry about the patents on one of allergan's important drugs. he made it clear that the company was dramatically undervalued at that moment, even mo the analysts were saying it would a challenged growth path. despite the stock is now up 89%. from that interview last august. commodity? soy? wheat? chaff? i know that the intellectuals will say they're all one off and
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that i don't understand that stocks are an asset class to be trade traded where's my throwback stock jersey to before 1984, when the futures creators came up with the idea of lumping all stocks together. how ironic that winter wheat had been the chief crop before the crop got bundled together. some may think i'm quaint, but i believe in pointing out that there are differences among companies, and therefore their stocks, and the homework is validated. we've seen so many -- and i that long term stocks are nothing like commodities and probably on the long term undervalued. here's the bottom line -- every
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one of these deals -- analysis that we moranically accept as gospel. yet the weight of the evidence is meaningless. i say this is the one game where the amateurs can win. we do the home gamer can win, not by trading, but by investing for the long term. paul in texas, paul? >> caller: boo-yah from san antonio, jim. >> congratulations and best of luck against the heat. >> caller: thank you. i've been talking about big companies breaking up and selling off to create better value for themselves and their shareholders. i was reading an article about dow chemical, and they're considering doing an mlp with two of the plants they're building here in texas. i'm wondering, one, is that a good value play for them and the shareholders? and number two, is when these big companies break up, is there additional data in homework that you do before you decide to either, one, stay with the parent company or go with.
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>> yes, we do that. i think dow has tremendous value, if they do the mlp or not, dow is taking advantage of the natural gas, the energy revolution we talk about all the time. i would own the stock to $60, dow to 60. jordan in florida. jordan? >> caller: boo-yah. it's my 21st birthday today. >> well, happy birthday, my friend. >> caller: thank you very much. >> it's also the executive producer, right now right here, that it's her mother's birthday, and i cannot believe i didn't do that earlier. >> caller: i'm calling in today about a groupon, i recently added it to more portfolio. have we seen a bottom. >> groupon is incredible. >> i've got this restaurant we look at one of that are programs. they have so much value in it, but that said, it did go up, did report a disappointing quarter, it's not come all the way back
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down. for your birthday and regina's mom, i'm blessing owning 21st, 23rd and regina as mom's 40th. i'm blessing -- why do i come out every night? to give you a fights chance. i think this is one game you can win. don't get distracted by all the noise. stocks are actually cheaper than they seem and they're not commodities. still to come, a wall street heavyweight is making a big buy. should you be following their lead? not just band ace and babe powder. johnson & johnson could have a real smart acquisition i have in mind for them. plus a company managing 100 million customer relationships. is it time to take a swipe after target's breach made headlines? i think its. don't move. "mad money" is after the break.
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what do you do in you want to play the oil and gas boom, but don't feel like chasing the high production companies that are in spinning distance of their all-time highs. you know, the ones we talk about. for those of you comfortable with taking a bigger risk, you may want to think about mhr, a small speculative exploration production company with a $7.74 stock that has high quality assets, marcellus, utica, bakken, when we talk about 47% of the mix being liquids. full-year production growth of 147%. they have a terrific track
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record. while magnum's production growth, the balance sheet is far from pretty, but it's getting better, because just last wednesday, the company raised $150 million in a private placement to relation appear investors at $7 per share, thanks to the, they have have enough, there may be another funding gap next year. they've closed down -- magnus hundred dollarser has till more than doubled from 12 months ago. can it resume let's check in the chairman and ceo, hear more about his company and how it's doing. mr. evans, welcome back to "mad money." thank you for companies, we know them as smart investors, we saw what they did with pepkin. >> they acquired our stock, and called and said we would like to meet. we know you need to raise some equity, we had very close
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meetings and discussions, and cut a deal, our 6 on-day lockup and they funded $150 million. >> so they like marcellus, utica? >> they love our land, and marcellus and utica, they have done a lot of homework, very educated people. they knew all of our wells, what was going on around us, and said that they felt like our acreage was primo, and they wanted to own, so they own 15% of our company today. >> you've selling off non-core. el do have good bakken cedes. >> we sold everything in canada. last year we sold 500 million of noncore assets. this year 100, another 100 on the place to set in the month the june, and then another hundred after that. so we should be about 300 of noncore sales this year. we were beginning to sell fringes around north dakota, keeping other core piece, which is about 3 to 4,000 barrels a
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day. >> how do you make that judgment? people will say, we've every single company and bakken has been great. >> it's been great, but 35% irs versus 80 to 90? where do i spend my money? a big change has been gas prices, and we have the infrastrush in our marcellus utica, where we can move that gas out of the basin. so we're in control of our destiny there. >> and there's a lot of gas and oil that's not easily moved to other places, which you need infrastructure. >> we don't have to wait. when we drill a well, frack a well, it flowing into our pipeline. >> some of the research basically says you're the southernmost driller. that's the riskiest area, but we also know from speak with companies like core labs that risky doesn't mean the same as it used to be. >> that's a very good point. there was an announcement this morning from rice energy, 40 some odd billion well, which is the biggest utica well in the
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entire play. we announced our starter well, which is in morrow county, ohio late last year. now td today, a well called in tyler county, west virginia, only the second well in west virginia to drill in the utica. chevron drilled the first one, we think this is on the equivalent of a rice well. we'll be fracking it over the next 30 to 45 days. >> what do you do with the condensate. >> it's 98% met ani, no condensation. the marcellus are very rich, going to a mark west plant. >> so that could be shipped up to -- they've got a lot of stuff going to the northeast, they have a robust pipeline system. >> a 200 million a day plant that's dedicated to us. >> some people say maybe it's right to do a partnership, but if that's the case, wouldn't it cost you more to ship your oil and gas? >> no, we really need to
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recognize the value of our midstream assets. >> an upstream company funding money for midstream doesn't make economic sense, because a midstream has a much lower funds. >> then that's -- >> plan for next year. >> if you unlock that. >> that's about $600 to $700 million. >> that could be fabulous, and it could be a good yield. >> could be a great deal. there's plenty of demand for mlps as you know. >> that's where we want them. >> high growth. there's not a better growth story in the united states for gas in the marcellus and utica. and we have it stacked. we have it right along the ohio river. >> the company are worried about funding gap. it sounds like from listening to you, you do have much more control of your destiny than some of the research might think, because of all these things going on. >> it's very manageable.
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we've raidsed $180 million of equity a in barring base review coming up, i'm selling noncore assets, so we're okay. we're fine for the year. now next year we'll determine with the success we have with all these new wells. today we are producing 18 and 19,000 barrels a day, turning eight new marcellus wells just on this week. that will push us over 20,000 barrels a day. by the end of the year we're projected to be at 32,000 barrels in six months. >> that would be meaningful. >> huge. >> i know why relational took that stake. that's gary evans, chairman of magnum hunter resources. i like a speculative name it a portfolio. consider magnum hunter. "mad money" is after the break. coming up, new medicine? johnson & johnson is one of the kings of consumer products in health care. is there something missing from its massive first aid kit?
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talking about what other companies would be willing to buy them for in a takeover. we're witnessing a major upswing in the urge to merge. the executives at much slower-growing companies have recognized they can create tremendous value for the shareholders by acquiring other businesses. regular viewers know that i think it's fantastic when a company takes control of its own destinies, by gobbling up competitor. >> lately i talked about the wave of m & a activities. remember that last week with the checkout? that's not the only place where consolidation is happening. just last wednesday "the financial times" reported that striae kerr, the maker of orthopedic devices, and even though striae kerr quickly told regulators in the uk it was not planning to make an offer, just
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consider what these stocks did on the mere chatter about a possible deal? the morning the story broke, smith & nephew at one point rallied. that's to be expected. it's the target. but even try kerr, the potential acquirer opened up 4% from the previous day's close. 4%. when you hear about a deal and the buyer stock goes higher, that tells you this market is eager to reward company that is make smart ache sigz. it's no wonder striae kerr rallied on the smith & wesson rulers. we learned that zimmer holdings, another solid medical device place is snapping up their privately held competitor biomed for $13.4 billion. zimmer vaulted higher on the news again, shooting from 91 to 101. they're the acquirer, for heaven's sake at 11.5% gain in a
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single session. a magnificent move, but it makes a ton of sense 16789 sheer scale is incredibly point, and the deal would give the combined company 41% mark share 3rks 3% share in hips and 11.5% share in trauma, though we're still waiting to hear if the government will make zimmer spin off anything for antitrust reasons. if i were one of the guys running striae kerr and i saw that move, it would make me feel like doing a deal of my own, but if striae kerr doesn't want to buy smith and nephew, their loss could be someone else's gain. specifically, i think this would be a terrific moment for -- johnson & johnson to buy smith & nephew. why am i paying investment banker first of all? you know i am a huge fan of johnson & johnson. i like it so much we own it in my charitable truth.
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pretty good versus treasuries, just made a brand-new intraday high today. lately it's been a remarkable performer. giving you a fabulous 69% return with reinvested dividends, of course, ever since the ceo took the helm a little over two years ago. i've had made no secret of how much i respect this man's ability. for ages i've been saying it should break itself up in order to unshackle the fast-growing pharmaceutical business, from the slower growing medical device business, making up 41% of j & j's profits. but if j & j isn't going to follow my advice, it really should do also some to bolster the medical device division. that's where smith & nephew comes in. j & j gets about half of its sales from orthopedic and
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surgical care, plus in a world where biomed are merging j & j almost has to do a deal so it can fend off this new competitive threat? i think it's a logical target. now that we know striae we are cause pondering it. i think it would make sense to snap them up right now, if only to prevent striae kerr from getting their hands on this company. consider -- consider if j & j were to acquire smith & nephew, a little over 20% market share in hip replacements to more than 32%, go from 20% in knee toss 32%, a commanding 40% market share? sports medicine. since j & j already controls over 60%, and smith & nephew would -- they may need to divest some assets. hey, it's doable. we know that j & j is not averse to doing deals, two transaction
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a transaction now the striae kerr deal, now this deal has been integrated, i think it's time for them to make another deal, the additional consolidation would help leaving plus wells fargo came out with a smart piece of research last week, show tend to outperform the s&p 500 the year after the deal is announced. i want more outperformance, i'm greedy. meanwhile, we also know that j & j is committed to reigniting the medical devices division. management submitted to accelerating the division's revenue growth from roughly flat last year to anywhere from 3% to 6%, saying the acceleration should become evident. j & j has 30 new devices they plan to file. the company's dramatically boosted its budget in energy, stapling, biosurgery, and now it's looking for the investments that will lead to stronger
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results. j & j has taken pretty drasticics to improve the division. they sold the diagnostic component to the carlisle group for $4.5 billion. i notice gorski doesn't want to be a second banana in business hi's in. if you they they would have to pay too much, let's remember j & j is sitting on $29 billion worth of cash and marketable securities. much of it effectively trapped outside the u.s. buying the british smith & nephew would be a great use of that overseas stalled money. if i had my druthers, j & j wouldn't just acquire -- as a $289 billion be heap moth, it's so big that it maybe wouldn't move the needle. not with my plan. i think they should spend off the medical device business as a separate company and merge that
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company with smith & nephew. create a totally where the corporate taxes are much lower. wow, this is a smart plan. anyway, it's my plan. bottom line give you the kind of value enhancing takeover that this market endorsed. i am a kind boo-yah, jim. jim, i did my due diligence on exact science, exas. they had an advisory board that passed it i believe 10-0. what are yew thoughts on that stock, please? >> we did this as a trade. we nailed this one and this is one that others may not more than i do.
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we can move the one. let's go to joseph in oklahoma. >> caller: how about a fighting texas boo-yah to you. >> when i say kitchen durant lose, i had to share a tear. i'm going on the part of okay. >> caller: all right. what do you think about the future of mankind corporation? >> i had thought this device didn't have the legs that it does have. i still -- i you know, i've got alfred mann, i think he's got -- he's certainly beat my expectations, let's put it that way. let's get down to business. but if it wands to give you the kind of value this market crave, i suggests it spins off and merges with smith & nephew. be master of your own destiny. still ahead from jewels to shoes, the company behind your store credit card and a lot
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what do you do when a company with a terrific track record that's riding a powerful long-term theme reports a quarter that wall street doesn't applaud? i'm talking about avs, the largest and most comprehensive provider of transaction-based marketing and loyalty solutions. they're behind boathold of loyalty programs, and private label retail credit card programs. think about those loyalty cards and store-sponsored credit cards you might have in your wallet? they've become staples, while also collecting, and alliance data systems is the king of this stuff. up more than 530% over the last
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five years. >> we spoke to the stocks nearly $40 off its mys. that's largely because the avs reported, even though the company beat wall street earnings estimates, the revenues came in a bit light and more importantly the guidance was generally lower than expected. they raised their full-year forecast, but the second quarter guidance scared away a few investors. battling right back, $260, and i wonder if it will resume -- make there's genuine issues. let's take a closer look with ed heifer anyone, a better -- welcome back to "mad money." good to see you, ed. >> you know, i think the wall street. because what made me like your company in that quarter are what seemed to scare people.
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you went out and said the thing you're not supposed to say, we're hiring 1,000 people, because we have so much business, why is that something people don't want to hear? >> boy, it's news to me. i think we were all a bit surprised at that type of news would cause some softness in the stock. in fact, we hired a little over 1,000 people because the book is so strong, and, you know, that meant that i think that the earnings were going to be coming in heavier in the back half as opposed to the front half, and that just doesn't fly too well, obviously. >> let's talk about that. >> sure. >> have we gotten too cynical, the companies whose stocks have done well are companies that have fired people and incremental earnings growth because of buy-backs. no offense to that, but i think the important thing here is you actually got organic growth, which is what i'm looking for in a company. >> yeah, our organic growth, our
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model is essential 3x gdp, and 9% to 10% organic top line, and we expect to do about 20-plus 20 and 20-plus bottom. and after doing 50-something quarters of these releases, i was a little bit surprised at the reaction. >> i know, both banks and mastercard visa, they wish they had your growth. i want people to understand the advantages you give. talk about a company that doesn't use you versus a company that does. the results are stark. >> sure. if you were to look at -- and again we'll cover a lot of the loyalty programs that are out there, the private label cards, but look at last holiday, or even first quarter retail spend, which was moderate at best, let's say up 2%, 3%, to the extent you looked at the questions that we had at those retailers using our product, in other words, the private label
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cards were plus 8, plus 9. >> that's rather remarkable. the numbers there are even better. >> yeah, the european part of the company is doing 20-plus% organic top line, which i kind of thought was good news as well. >> i thought so, too, i know you're coming on, i go back over. i always look to look at what you say first, because i want to make up my own judgment. one of the things i think is important is people have to recognize that business wasn't so good, but it seems that business is getting better in the country. >> yeah, i think that from our perspective, we thought the time was right to really invest in the business, and there seems to have been a bit of concern about, well, are these guys really going to be able to deliver these types of results white investing in the future? and what i think a year or so ago, probably would have been a gimme was a bit tougher, is a
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harder putt in the first quarter, but now the second quarter is coming, and hopefully people with look at that and say these guys are right. >> howard shultz has said over and over again maybe the relationship with the customer at the wall is not working. it would seem, judging from your programs and your information that if you want to reenergize the computer, you hook up with the alliance data, and the results get better? >> absolutely, and that's the difference between retail sales of 2 and 3, and the 8, 9 we're imprinting in. as you outlined at the beginning of the show, we take information about you, your transactional history, we layer on things like demographic and psychographic, what are your hobbies, what do you like to do? we use that and communicate to you that gets you jazzed up to go flying back into the store or shopping online. we don't really care, as long as you're doing one or the other.
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we're finding the consumer is much smarter these days, more educated, and as a result, you need to be more educated as your consumer. >> i was thinking if you don't own the stock, a company that is trying to expand has to hire to expand is the way it used to be in this country. those are exactly the stocks that i want people to buy. that's ed heifer anyone, the president and ceo of alliance. this is the growth story you should own for the long term. don't move. lightning round is next.
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honestly, the off-season isn't really off for me. i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! it is time -- its time for the lightning round. it's rapidfire, you bring me a stock, and i say buy buy buy or sell sell sell. then i play this sound and the lightning round is over. are you ready, skee-daddy?
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starting with vady in massachusetts. >> caller: hey, jim, big boo-yah from boston. >> how are you? >> caller: thanks for all the work you do for the little guys like us. so i want to appreciate that. >> thank you. >> caller: so the question i have. you know, it's a great crowd play -- >> they hate the cloud. the market hates the cloud. they bang it down. the quarter seemed fine, stock went up and right back down. they will not let up selling this cloud stock or most of the others. dave in florida, dave. >> caller: jim, boo-boo yaya, boo-boo yaya. >> not bad. not bad, brother. >> caller: how about magellan partners? >> one of the best pipeline. i know the yield is not that big, why? because the stock has been a winner. it has consistent growth.
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i like it. george? >> caller: my question is about baxter. >> you know, buy buy buy, a breakup candidate that's breaking up. doing just what i said they should do in my requests get rich carefully." i'm sticking by it as a buy. let's go to connie in california. connie? >> caller: hey, mr. cramer, thank for your show. i'm wonders about briggs & stratton. >> yeah, i'm disappointed. just disappointed. i thought they should have done better in this environment, they haven't. i'm going to hold off buys. let's goo to ethan inening in in this. ethan? >> caller: how are you doing? what are your opinions on citigroup? >> no, i don't want to own citigroup. nothing there. there are so many other better banks. frank in idaho? >> caller: >> caller: he hello, jim. how are things with you? >> not bad. thanks for. >> caller: >> caller: i'm fair. i'm in one of the thinks
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assisted living places in boise. i've had a pretty good life and have an investment in pengrowth energy for -- >> right, that's got good yield. here's the problem, it's canadian. i can't recommend the canadians. they have different tax considerations, and people say, wait a second, why did you put me in that? but it's been a decent story. tom? tom? >> caller: yes -- >> tom is breaking up. any way we can find out what tom is asking about? all right. we'll get tom tomorrow. that's a shame, but what can we do. and that, ladies and gentlemen is the conclusion of "the lightning round"! [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the trading floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed
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that is not sustainable. those are the four weeds -- yep, that's not sustainable. is the bane offal bulls. this idea still reigns supreme among the cynics who rule the media what do these pessimists mean when they say it is not sustainable? okay. in order to understand, let's talk about the life cycle of a
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newsman. it all starts with a good number. let cease dig like the 65.5% number we got on friday. that is an excellent number. there should be no doubt, a real size of robust behavior, but the not sustainable crowd was immediately interpreting it negatively. the weather got better was the first alleged chink in the story, then there had to be one-time only business that included that number. just like when you get a bullish durable goods number, and we hear it's all about aircraft deliver why is, as if they're a one time only when in reality they're the company's biggest consistent airport. something about if that's all it can delivered, despite the tapers, who nods how poorly it will perform. how long have we had to live
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with that? ever since the data started getting captured by the ideologues who politicize everything. they're more responsible for keeping you out of high-quality stock than any other force i've ever seen. of course, the fed has little to do with all of this as interest rates seemed to have developed a mind of their own. in fact, i think the fed should be selling bonds to meet the demand which would help banks generate more profits. believe me, this whole that's not sustainable faux analysis happens at every level of discourse, which is why it's so insidious. why don't we do a line by line texual analysis. last week el spoke with the ceo of union pacific, arguably the most important transport company in the united states. he described business as good, which when i mentioned it to many followers was greeted, that jack wears rose-colored glasses, no matter that last year he
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preannounced to the down side. it's totally bankable, but nobody bothers to remember that. how did he arrive at the judgment that things are good? first he stressed agricultural volume, up some 14% year to date. even though i that the it was an amazing figure, given the horrendous weather conditions. much of this is related to what goes into house, well, the ideologues would respond, given how mortgage rates have fallen and housing starts are down, you know that's a declining business, not sustainable. he pointed out coal volumes have increased. the crowd was all over that one, you could kiss that number good-bye. how about auto numbers at plus four. not sustainable if the interest rates keep declining. chemicals were flat, oil was down big. aha, oil down big.
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that's sustainable! of course it was because the oil companies decided to send them to a different refinery. every line, every measure, it's an allegedly unsustainable except the bad businesses. that's how i see it placed out pretty much daily, both macro and micro. it doesn't matter to me that this combination of a robust purchasing manager's report and strong union pacific spell out positives. the conventional wisdom says whatever positives we have are clearly unsustainable. and that's a major reason why so many investors always seem to have one foot out the door. stick with cramer. (mother vo) when i was pregnant ...i got lots of advice, but i needed information i could trust. unitedhealthcare's innovative, simple program helps moms stay on track with their doctors to get the right care and guidance. (anncr vo) that's health in numbers. unitedhealthcare.
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when we arrived at our hotel in new york, the porter was so incredibly careful careless with our bags. and the room they gave us, it was beautiful. a broom closet. but the best part, / worst part, was the shower. my wife drying herself with the egyptian cotton towels, shower curtain defined that whole vacation for her. don't just visit new york. visit tripadvisor new york. with millions of reviews, a visit to tripadvisor makes any destination better.
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>> francis: what happens when a marriage worth millions falls apart? >> he told me either we fix this marriage today or i will divorce you tomorrow. >> francis: powerful people suddenly find themselves powerless. >> she met me when i was at the top of my game, and then, all of a sudden, she owns half of me. >> francis: they discover that marriage is not all about love and commitment... >> i wish i had understood that when you take away the romantic fantasy, marriage is a business contract. >> francis: ...and that even great wealth can be a liability. >> you need to look at why people are in the relationship with you. is it because they really love you or is it because they look at you as a free lunch? >> francis: these are sobering discoveries. >> one can
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