>> tesla. >> not tesla. pete and i don't see each other that often. he said cnq. this stock looks like it wants to trade back up 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 kramer, welcome to "mad money," welcome to cramerica. another people want to make friends, i'm trying to save you money. my job is not only to entertain you, but to make you money. call me or tweet me @jim cramer. the market surmises sun certainty, suddenly we got uncertainty in spates, from iraq. it looks like a failed state. hence the sizable decline, dow

tumbling 110 points. right now or government is pondering action, some sort of action. we don't know what it's going to be. worse, judging from president obama's conference today, he doesn't seem to know what to do. something quite ev den from the the subsistence of not ruling out any option, plus, he's saying short term immediate things need to be done militarily to preserve the situation, which considering the immediate decline in the stockmarket, if we spoke, means something could happen as early as this weekend. so tomorrow could be a long day, what will it be? airstrikes, drones? iraq? more lives lost in defence of a government that many americans hate? just the good works of our soldiers already seem undone? that's ularge. we had many overseas issues in enroot years that caused hiccups in the market. north korean's saber rattling,

cyber financial closing. serious insurrection, ukraine. none of these rose to the level of the u.s. military action. we have no sell-offs to strangers to iraq. while we have gotten used to washington causing declines in the stockmarket, we should remember we had not one but two bear markets brought on by iraq, saddam's invasion of kuwait and 2003 invasion of iraq, itself. it caused a tremendous of locations for a voter of reasons, now, no one is talking about a full blown war over iraq him we know when the president uses language like it is clearly an emergency situation, nothing can be dismissed, including a wieber web of violence that spreads throughout the middle east. although the first issue to consider always is a potential loss of life are our men and women in uniform. the market understands this and has never been able to price indirect military action, always furiously tries to do so ahead of time. that's why the lions share occurs before shots were fired,

which is where we are right now, hence we need to be cautious. now, it obviously didn't have the vix, that so-called fire endiction ahead of the cries, nor does it help at all washington, itself, posts eric cantor's primary defeat is in turmoil with many leaders from the opposition feeling the need to lamb baste the president, who accused obama of taking a nap on iraq. the markets don't like it when our president looks weak and comments like boehner's don't leave the people to believe obama issing aing from strength. it's more he's acting with a degree of confusion, which is understandable, given the speeds have fallen into the hands of radical insurgents, a market sent down by a president who is perceived to have been caught off guard. it's not a market that you necessarily want to rush head long into. especially, when you know we are a percent off our all time highs, let's give this a little room, please, see how it plays out, typically, because somebody

asking imminent. and i can't imagine our president allowing iraq to fall into the hands of an al qaeda offshoot. now, iraqi has more than mill ter ibl implications for the market. we don't know if the oil market the make up for the shortfall. it seems production could be imminently at rick. we keep hearing the insurrection is occurring far away from the oil fields. if there is a full blown sectarian war here, which seems likely, iran coming on the side of the iraqi government. it is logical to believe the workers in the oil fields won't show up and the pumping is declineing sharply. i think conservatively the price can increase by 10% here. when you get that base, 112 for the brent that all our gasoline

is priced off of, you can imagine an oil stoppage in iraq could provoke. let's not forget that iraq's production was supposed to double. no oil company will want to invest in a company with this kind of instability. a previous spike in oil from the kuwait incursion in 1990 triggered the bear market that year. in 2008, that helped precipitate the great recession. oil is a gigantic tax, while there are ten states that get a boost from oil prices, the rest of the country gets quite stunned by it. typically, i decry those that use foreign dilemmas. you heard me say most of the crises are buying opportunities. they don't impact corporate profits. given the immense complexity of the middle east, the iranian provocation and a government in iraq that might lose control of the situation seemingly overnight, we have to presume worst of the oil for the moment. that makes me want to sit this out on the side lines, it's a

new situation that just began. we need to let it make i bake in a little. why not be more aggressive? it isn't about the numbers. it is always about the numbers. unlike the other foreign crises enumerated earlier, this one has a clear impact on the number, in fact, if oil rises much beyond where it already has, i think you will see a wave of number cutting and it will be in the markets of leadership areas, which will shake the confidence of all investors. take the classic airlines, you know i've liked these a year, a year first half, it stuck by, i still like them because we consolidation caused less competition of prices to you as a consumer of their travel. the airlines have been make minting money. that's how you get such huge gains and the gains in the airlines, delta, southwest has tripled, the astonishing rise emerge and reconstituted americans are stuff dreams are made of. how fitting they could be derailed or stunted by the tempest. normally, i'd say use this

almost 5% decline. i can't. because any one of the mustple analysts could slash numbers in the downgrade, say, community travel and leisure and retail stocks. i say not yet. the price was high enough going into the crisis, we all should have worried about it anyway. now we have to ponder $2k3w4r507b gasoline, that would slash numbers, too. believe me the 10% of the market won't make up for that kind of a cost of the board downfall. so what do we do? simple. if have you cash, do what i did from my charitable trust today. we did nothing. that's right. nothing. we're waiting. no hurry, see how things play out. if you have profits from stock, remember, we aren't 2% from the highs. i have to admit, when you have a positive announcement from intel after the bell, it is tempting, old tech is back, working still

higher, real demand. here's the bottom line. i have been from two iraq shocks already. i like to stay on the side lines until we get better, meaning lower prices and a modicum of clarity and judging from news coverage, we don't have all that to speak of. daniel in texas. >> caller: hi there, jim. i have been following radnet. i noticed they have recently raised. how is your take? >> radnet. we like this, diagnostic imaging. this is one of those stocks, by the way, i feel more emboldened to stay long given the consolidation in that particular area. listen up, i have been through two iraq all shocks already. until we get some clarity, i think the side lines looks right. bob evans is down on the farm. the stock is down for the year. i'm seeing how the sausage is made, retail has been a tough

place to be. why is restoration hovering, soaring today? i'm checking pence their giant catalogue to find the answers on what's ahead for the company. plus a cloud computing company that's recently gone public. i know, a dime of dozen, what makes this stand out from the crowd could make you money. stay with kramer. [ music playing ] >> don't miss a second of "mad money," follow "@jimkramer on twitter. have a question, tweet kramer, hashtag mattweets. send jim and e-mail to madmoney@cnbc.com or 14 will give us a call. miss something, head to madmoney.cnbc doak. and if i tap my geico app here i can pay my bill. tap it here, digital insurance id card.

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theers. mostly on concentrated in the mid-west. >> that also owns a grocery business where they sell sausage, refrigerated sides and frozen convenience foods under the bob evans owens and country creek brands. you might think this bob evans' story sound boring, but i have to tell you, this is a powerful story. it's got an activist investor pushing on lock june values, it has the enhancing value-added breakup i'm always telling you about. based on what people are paying in the food and restaurant basis, particularly the package meat aisle, i think the sum of bob evans' parts might end up being worth a heck of a lot more than the whole. first of all, let me just point out that bob evans farms has not been doing well of late. it's hard to recommend a stock on a takeover business. i'm not. this is a breakup business.

bob evans stock is down 5% year-to-date. in early march, 1.8% sales disappointing. much slower than the packaged food business, up just 1 .8%, disappointing margins to boot. some of the weakness on the restaurant side might have been caused by the horribly cold weather in the west. now, the company reports again next tuesday. you know what, i think there is a good chance the stock is hammered in the news. which is why i'm recommending it today so you can be prepared to boy bob evans into next week's weakness and make no mistake, i do think bob evans is a buy, because there's real value here. if only management can be pushing to unlock in. currently, they seem content with these mediocre result, don't feel the need to split the company up to create more value. here's the thing, though,

someone is trying to force management to unlock that value. somehow, a powerful activist hedge fund owns 6.8% of the company. they have been pushing to break it up for noneths now. they have nominated eight potential board members, who will be likely voted on at the end of the summer. if they win these seats, it would make a potential breakup a lot more likely. they want bob evans to spin off its fabulous food business and stick to running and improving the restaurants. at the same time the company also owns a lot of the real estate under its restaurant locations and make a ton of sense for them to raise money selling that land via long-term lease sale pack agreements. do you that in both the restaurant and package food division it will be a lot more attractive from a takeover perspective. it's very important once the breakup is executed. think about it. what is bob evan's grocery business, chalk full of package

meats remind you of? what does this remind you of? come on, think on your feet over there. it looks a lot like hillshire brands, which is now getting acquired by the tyson foods family the tremendous company, tyson foods, tsn, for a truly gargantuan premium. in fact, we didn't know sausage did that. in fact, hillshire, with its jimmy, with its jimmy dean sausage brand is their largest competitor. let's assume the food business can get the same kind of valuation as hillshire, that would make it worth nearly 600 million. the food side only accounts for 30% of its business, that is a terrific valuation. i think pilgrim's pride, which lost the bidding war for hill sheer will be happy to snap this one up, or if not then, then maybe hormel, conagra-. what about the restaurant

division? they ray nounced they would sell red lobster for $2.1 billion. we seen tgif fridays, let's assume the bob evans receives the same valuation as a darden takeover, by, which the way is conservative, red lobster is doing badly, what would be worth over $14-will 1.1 billion. that's 36% higher than the stock is currently trading. no wonder the activists at sandel want to spin off the food business and made me sold the whole doreen thing. suppose the management digs in heels, sandtell, the hedge fund fails to get elected. in that case, there is a lot bob evans can do to turn it around. thiss is the third stock i ever bought in my life. first of all, they spend more on

administrative expenses than any company out there. quizical. they came in at 11.5% of seals, if they can get it down to their own average that, would boost tear shares by an astounding 68 cents on an annualized basis. bob evans, is expected to earn more. the activists at sandel also think bob evans can give itself a boost by opening itself up to franchiseing possibilities. especially in the northeast. we are opening a new restaurant is a much higher cost proposition. they can reinch their major cash. franchiseing makes a ton of sense in restaurant business. it gives you a rapid way to expand, a lot of money up front and a steady drestream of cash flows. that's why wee like the dine equity, we continually praise

domino's and pop eye's louisiana kitchen. here's the bottom line. ideally, i think bob evan's farms should agree to sell or spin off this packaged food business. i'm sure they can find a number of eager buyers, rep maining restaurant business can focus on turning itself around or selling itself. either way, i think this is a long-term winner. short term, bob evans reports next tuesday, no reason to think it will be anything but bad, a power drive, weakness next week, i say take it. one next thing for the record, i think bob evans has the best tasting links of all sausage makers and a killer breakfast to boot. after the break, i'll to make you even more money. coming up, oil and gas player apache is already up over 10% the year, as it sheds overseas assets and dicks into american soil. but can the stock keep pumping profits into your portfolio? don't miss kramer's take.

. last friday something amazing happened, wells fargo downgraded apache, the big independent oil and gas producer from outperformed the market, to perform, telling investors to settle this one, instead buy supposedly higher quality names like eog and anadarko and

wellsed a been a staunch supporter of apache for a long time. so it would have been logical to expect this downgrade to really pulverize the stock. that's not what happened. not at all. instead, apache turned out to be ft. apache, they shrugged off the wells fargo downgrade and managed to rally a buck and change in that session. this was just like the scene in ft. apache, that great john wayne western, the u.s. cavalry led by henry fonda charges straight into an apache emplacement and gets gunned down, wells being the cavalry, the apache being the apaches. >> when a stock can't be stopped by an important downgrade, that means it's headed higher. possibly much higher.

apache has been roaring the last three months, climbed in mid-march. while the stock has definitely been bolstered as they have been by the increase in oil prices caused by chaos to major i'll producing nations like iraq and libya, i think there is a lot more to this story than a company benefiting from the rise of price in crude. in truth, apache is the magnificent turn around story, which is why i'm a big fan of the stock here, in 2011 and 2012, they got eviscerated as the arab spring exploited on the streets of cairo. they were seen as havingexexpos to egypt. >> that investing of international assets, focusing on the red hot north american on sore space, the stock basically did nothing for two years, right up until the recent brakeout, up here, they sell at a gigantic

u.s. focused independent oil and gas plays. i think that's wrong. let me explain this terrific term. first, let's rewind, let's go back several years ago, the world was emerging from the depths of the great recession, apache was decentralized, operations, stretching from the gulf of mexico, egypt, the north sea, australia. the company levord up the balance sheet to take on megaprojects around the fwloeb. the stocks performed terrifically as apache's international operations seemed poised to take off. then the arab spring hit, making egypt seem like a precarious place to invest, while at roughly the same time the government in argentina turned to all anti-exaltists. a player with far flung assets didn't seem like a good idea. the management head by stephen farris, one of the most respected, understands the need to change. they were working tirelessly, to

turn it into a domestic player. we can't get enough on euro mad money, eagleford, talk about places to be here in this crisis. back if 2009, apache got a third of its production from north american on shore. another 20% from the gulf of many excolorado 30% from egypt and argentina. since then, management has selling off regions bolstering the domestic exposure. 60% is generated right here in the good usa, on shore north america. in just the past few quarters, the company executed over $8 billion in asset sales, they slimd down the exposure and sold one-third assets. egypt now accounts for 14% of apache's production. i don't want to worry about that anymore t. companies use the money from those asset sales to clean up its balance sheet. managers announce plans, this is in short no longer a high rick

oil company. it's a domestic on shore producer with trick holdings in the shale place i am praiseing all of the time on mad.apache's north american business on fire, raging. in the latest quarter reported a month ago, the company reported an astounding 21% in increased liquid production, a big company, to a record high of nearly 200,000 barrels a day, despite weather conditions. for a full year, they see the american production growing 15 to 18%, they have rigorous hold down costs, remember, apache's assets in the permian are about to become a heck of a lot more valuable, because the whole problem with these fields is there aren't enough pipe leans to pri the oil to park. that creates a say permian glut. >> that is bringing down the price of oil. there are a ton of new people lines next year to eliminate apache to get higher prices for its permian oil. meanwhile, outside of the united states, the situation in egypt, they get selected in general, the new president, right back in

familiar dictatorship strong man territory, which does mean this is a safer place for apache to do business. you no longer need to worry about egyptian assets, which, remember, are much more a bigger piaa than they used to be. 14% of apache's production, there are australia and north sea. apache's north sea holdings are bountiful. you know what, though, it's the australian business that's grabbed my attention. apache believes the enormous natural gas plains, this is in australia, to boost production. this will allow the company to sell leg whichified natural gas in asia, prices are the highest in the world. once finished, this facility should generate over $1 billion a year if free cash flow. i bet manage:uses it to return it to shareholders. speaking of buy backs, last month, apache, a confident apache losing its current repurchase authorization by 10 million shares up to 40 million,

it represents more than 130rs. management thinks the stock is too cheap. they're right. at the moment it trades 13 times the earnings estimate, anadarko at 20 times, pioneer nearly 37 tiles earnings. this stock is not valued leak it's a north american on shore oil producer. although, that's exactly what it's becoming. let me put it another way, apache trades it one times the book value, what the company would get if they liquidate its assets, anadarko three times and eog three times book. here's the bottom line, wells fargo downgraded apache last friday. that was the signal. that's because this thifk oil and gas turn around play is headed higher. i think it easily goes to 120 and peeble higher than na. especially if it's stays elevated. steve farris pulls off a classic turn around. he is not getting the credit he

deserves as ft. apache is back. it's bigger than ever. bab in michigan. bob. >> caller: hello, jim. >> how are you? >> caller: vlo, velaro and approval of the keystone pipeline, does it affect vlo? >> no one believes it will happen anymore, frankly. >> that itself my friend in the industry. i got a lot of them. valerro was downgraded, what happened? i seen a lot of downdradz, i think it's a well run company. it is less than 10% from its high, i think it can go higher. bill in michigan. bill. conference call caller boo-yah, jim, from michigan, the motor city. >> yes. coming back. >> caller: i want to thank you and your staff. you got a great staff. i don't know what you pay them, but it's not enough. >> well, it's not up to me, but i hear you. >> caller: they are tremendous. it is ashame they're not more concerned people like you who are honest, trustworthy and we

can rely on. >> you are very kind. i appreciate it. i come out here every night try to do my best. what's up? caller carl i have watched you for years, you saved me and my family, when i was out of work. i used my 401k, took money out. we kept going like that. i want to say one thing, we, real quick, i would like to see a segment about stocks between $5 and $10 if you can do something with. the one i want to talk about tonight is pfie. >> i do not know pro fire energy yet. i think after all those nice comments, i wish i knew it. but i don't, i'll take the kind comments and come back and to a daekout. i think you deserve it, sir. thank you, i'm glad you used your 401k wisely. stocks didn't blink, that tells me this oil and gas play is

headed higher. there is more mad money ahead. restoration hardware released a 17-pound catalogue. the stock is up over 17%. pound for pound just this week, too late to get cozy or is there more in store? i want you to stay tuned to find out. >> then the dark clouds. stock was too expensive. i got a player helping turn the tide, plus the lightning round is coming up. i say stick with kramer. oh my god! look. you need to see this. show 'em the curve. ♪ do you know what this means? the greater the curvature, the bigger the difference. [sci-fi tractor beam sound] ...sucked me right in... it's beautiful.

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after a break june of the new tech stocks earlier this spring, caused in large part by a glut of tech ipos. it is selling. we are starting to see lean i signs of life in the group. i'm not talking how these tech stocks rebounded since their may lows or the trick semi conductors, which should continue tomorrow after intel's fabulous pre-announcement of much better-than-expected sales for the chip giant because of stronger business demand for personal computers. no, i mean the ipo window for

these companies, which closed in april when it became clear ipos were killing people in the after mark, because expensive tech gains have been going out of style on wall street and that is what teams to be opening again, albeit just by a crack. what do i mean by this? some real good deals of late. i think the definitive change is a positive occurred last friday when a company called arisanetworks became public at $43 a share. it spiked 23% the first day of trading rising to $55. the first big pop. it's been less than a week, in that time, the stock rallied another 20% climbing to $66 as of today, unbruised by today's action, regular viewers remember when we were getting tons of tech ipos, each seemingly of lower, lower qualm, i kep warning you they would crush the whole sector, which is exactly what happened. the buyers of both the newly minted, inferier miranda as well

as the expensive stocks, they were sold furiously by pencers, sell, sell, sell, began to get clobbered. seemingly, worse, you got pulverized if you stayed faithful rather than instantly fliping for a meager gain or more likely a small loss. so the strength of last friday's networking signal the flood gates again could be opening? it's not like arisa is the first to perform well. since may 1st, we had eight tech deals, on average, that i have ondone very well popping 17% on the first day of trading, ramally another 38% in the after market according to ipo renaissance capital. >> that hasn't happened in a very long time, people, it's not talked about. i'm talking about it. jc.com for example became public may 22nd. it opened a nice premium, first trade 21.75, rallying furiously ever since then all the the way

27. so arista is nothing out of the ordinary for this smaller, calmer, reasonably priced ipo market. arista's timing is not the only reason it moved up. you have to understand, this isn't some software or service stock or software service look-a-like, it's not an ecommerce company. it's a high quality network equipment play that makes switches, a major component of the internet physical backbone, switches used in data centers and the cloud, those are still two super fast growing marks. that's right, this is a real company that makes real things, yes, it is real earnings. not only that, even after its epic run after becoming public a week ago. they face a fairly reasonable valuation, selling 37 times next year's earnings statistics, it, it's not that pricey, considering last quarter the company grew its revenues at a 92% clip, triple its earnings per share year over year.

i don't have a lot of triplets. how is it working so quickly in the switching market is dominated by cisco. they would still kill for this kind of growth. the answer is simple. basically, they built a better mouse trap in order to take market share in the rapidly expanding cloud and data center from cisco, juniper. the king here, is arista doesn't just make switches. they have been on the software platform, that comes along with the switches. this platform is geared specifically for the cloud, making the integration of systems almost seamless, it let's companies deal with each switch individually if there is a problem with a engle is one or all the ones at once, to it requires the entire system to be upgraded. that's amaze, the company spent four years developing this product. that's how seriously they take their r & d and only start selling in 2008. before arista switches hit the mark, you had to use cisco at the high end or cheap chinese players at the low end.

customers have been clamoring for a high end system other than cisco. there is plenty of room to gain shares at only 6% shares of the market. plus it's supposed to double in size over the next few years. they were worried about these guys, so they tried to introduce a switching product that would be an arista killer last fall. it leap frokd, according to some industry experts, introducing their own line of switches, the 7,000 x series. you can tell how concerned the ultracompetitive cisco is, at a enroot trade show a few months back, they buzzed incessantly about this wildly competitor. here are the numbers, from 2009 to 2013 arista grew to $361 million. like i told you before the

latest sales were up 92%. earnings per share 2%. they spent 26% of sales on every company i followed, it helps them keep their age e edge. they don't need to spend more on marking. they have the better mouse trap. the company's gross margins a tf cost of sales, sits in the mid to high 60% level, which is pretty darn impressive. i cannot be surprised they would reach billion dollars in years. one of them amy beckleschein, he was the founder of the old sun micro. the senior level managers come from cisco's data centers switching group. in other words, arista enticed top quality account ants from kiss so. here's the bottom line the networks is nothing like the new parade of tech ipos that flooded

the market months ago. there is a profitable company, a great niche and spectacular numbers. the arista deal shows that quality is returned to the ipo market. pricing is more favorable to you. when this stock defies the overall downward trend to rally another 250 pulls back, this might be the logical tech name to circle back to and buy. "mad money" is back after this.

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i'd like to bring your attention to at lk tweeted this little one watching the show. i say he has horse sense. don't forget our family show, we meet plenty of cramericans, don't miss it. now it is time for the lightning round. we tell you whether to buy, buy, buy, or sell, sell, sell, when you hear this sound, then the lightning round is over. are you ready, ski daddy? it's time for the lightning round. i will go to start with mike in

florida. mike. >> caller: jim, thanks for taking my call. >> yes. >> caller: i want to know your opinion of himax. >> we said it was a trade, we took profits and said sell, sell, sell. i'm never looking back. myles in new jersey, mooels. >> caller:. >> myles? >> caller: yes. >> go ahead, you are up, my friend. >> caller: i want to know where syy is headed? >> it has a powerful consolidator in the industry. ken in new york. ken. >> caller: hey, kramer. >> yo-yo. >> caller: i recently started following your show. i have been heavy into the mortgage rights, khim e.r.a. investment. >> chimera, it's a yield play. it hasn't been a great place to be. i would not recommend the stock. joe in wisconsin.

joe! >> caller: hey, jim, boo-yah. listen, i thank you for kwet get rich carefully." i love reading it. >> that stock goes up a dollar. what's up? >> caller: omeros corps? am i okay here? >> honestly i was so focused on iraq today, i did not get to analyze why this stock went down. i can't opine. i have to do more work. christian in rhode island. christian. caller christian? hey, christian. all right. let's go to nancy in ohio. nancy. >> caller: hi, jim. thank you. thank you, thank you, thank you. first of all, i'm not a negative nancy, but, because of you, i am older. i have after the dot-coms had all my stocks in bonds until after. >> okay. a lot of people feel that way,

absolutely. >> caller: then because of you, i have come out and feel leak i have something over my eyes. >> thank you, that's exactly what this show is about. thank you. >> caller: aha, thank you. and i love it. but i missed you last night when you talked about bristol-myers. so, pfizer? >> i think pfizer is fine, i think it's doing a good job. it's my favorite. actually, i prefer bristol-myers to pfizer to be honest. it's not my favorite. it's fine, for anyone that owns it, it's fine. let's go to ode in alabama. skaurl caller jim, do you think isi is is a buy? >> you have to do homework on it. it's the best pine line other than seattle genetics. it is speculative. i do like it. graham in new york. >> caller: jim cramer, i wanted

to ask about laz, lazard with all the takeovers and everything, lazard specializes in, is this a good buy? >> i think it's precisely where i want to be. those stocks kone won't come in because of iraq, i think the deals will be hot and heavy. i want to go to one last call. christian in maryland. >> caller: boo-yah. >> what's happening? caller not much. my question is about trinity industries. >> i don't like the way trinity acts. it feels like it peaked in the railcar business. i'm not kidding. the stock had a good run. i think pressure will come on the marks. i don't want to own trinity, 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 that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ so the magic shell went back to being a...shell. get live squawks right in your trading platform with thinkorswim from td ameritrade. get live squawks right in your trading platform seeing the world in reverse, and i loved every minute of it. but then you grow up and there's no going back. but it's okay, it's just a new kind of adventure.

and really, who wants to look backwards when you can look forward?

if you're a stock junkie like me, you have been on a

gazillion conference calls. they become a chore. you have to get through the quick preamble of everything's fabulous even by those flailing. you have a boots on the ground exposition from the cfo, cull min eighting the obligatory guidance paragraph, no matter what was said earlier and the q & a, question and answer, an liths physical out their model. i they want to fill up the spread sheet that take up about two-thirds of the report. occasionally, you might get entertainment or piz as from the ceo. not too much. then you are being silly. anybody likes a silly ceo. you might get a five-year plan, you might get code words like challenging, competitive. which means we screwed up around really disappointed you, it's not our fault. there is the two words, real kiss of death, promotional environment, which means you got to bring down numbers in the

future because we have way too much inventory and bucked totally wrong, that gets into the headlines, cuts earnings, sales, forecast, which means, bang, bang, you're dead. but every once in a while, i'm on a conference call. i say, wait a second. i think there is something different going on here. i think i'm hearing something that i haven't heard from anyone else. i might well be, indeed, in the presence of greatness. and that's exactly what happened on last night's restoration hardware conference call. let me say from the get-go, i have been a huge fan of restoration hardware. i'm a big customer, i use their stuff when i remodel everything. but i wasn't prepared for the blowout vision of a call that started out when ceo gary freedman said he had recently pulled up to someone who said to him, "you might be the most misunderstood company on wall street." i only heard from howard schultz, ceo of starbucks,

defining this calm or else their industry best 18% comfortable sale numbers and dramatic guide-up would seemingly be dismissed as a fluke. he knew he had to explain how this company is revolutioning the bricks and mortar businesses, so the increase in stock doesn't seem like one big short squeeze. i think he pulled it off, frankly, laying out a series of strategies about delivering the best, whether italian beding, thai silk, dealing with amazingly lower prices than everyone else. he is delivering the product that's unique to say the least. he has a show room to website strategy that might have every other retail beat. to put it altogether, you recognize that freedman is literally reinventing the model of luxury, his real $1.46 billion is not hyperbole. he made restoration harvard ware into a number one brand, people aspire to be so will shop with

gusto. the transformation is the second or third day, that's why at the conclusion of the call i understood how they generated 25% plus revenue growth and i knew it could continue to do so. let me give you the bottom line here. it's why i understand this will not be the last quarter of accelerating ref few growth. there might be many, many more. the stock's rally today is not a fluke at all and why i think it can travel more from here and what about much higher, even today, had iraq not turned into a full blown crisis that levelled almost every single retailer, except this gem of a company. stick with kramer.

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. >> thee events, there is always >> thee events, there is always a bull market >> it's called "the social drink" -- the one we can't live without, the one that gets us through the day. >> it's booze without the booze. >> it's a passion... an addiction... a shot in the arm for a nation short on sleep... >> there you go. have a good one. >> ...and a drink that spans generations. >> maxwell house. >> "good to the last drop." >> the only kind i sell. >> off the shelf and at the counter. >> small latte and a small iced latte. >> more coffee is consumed in the u.s. than in any other country -- 400 million cups of it every day. >> you know, you think a baby having a bottle or something, you know, like how that comforts you. that's how coffee feels to me. [