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tv   Mad Money  CNBC  February 17, 2015 6:00pm-7:01pm EST

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something. de will get you done. giddyup. >> that's a nice call by you. that means it's going higher. >> all right. i'm melissa lee. thanks for watching. see you again tomorrow at 5:00. more "fast money." don't go anywhere. >> 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. welcome to cramerica. other people want to make friends. i'm trying to make you money. call me at 1-800-743-cnbc or tweet me @jimcramer. it's fashion week in new york city which makes this the perfect time to talk about what's fashionable in the stock
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market. every weekend i go over what stocks are hitting new highs. it's the equivalent of what's hot on the run way and it's startling how often the styles change from week to week. fashion was behind a great deal of today's actions. they started off in the red thanks to greece and rebounded terrifically and the dow closing up 28 points. nasdaq advancing .11%. first the hottest style, the one that is flying off the shelves. the one that cannot be kept in stock, that's the cyber security stocks. it makes sense. ever since the former ceo of target lost his job, the execs of all major companies have focused on this issue. just as no ceo ever lost his job spending money on marketing successful no ceo will ever be fired for spending too much money on cyber security. last week we got astounding report cards out of two highly
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visible newer comes in the space that showed how executives are throwing money at this problem. fire eye does forensics as well as offering a security package that sells very well when the company gets it's foot in the door. the revenue growth here nothing short of spectacular. it provides a master key collusion among other things for companies eager to put an arc around key positions of their business. ceo playing no one in this production. it didn't even matter by the way that these companies aren't making any money right now. they may have more business than they can handle. these are pure oxegenated revenue stories. they're joined by palo alto networks. they are simply so many breaches that there's no end to the new orders. why don't we throw in fort net into this mix? it has the excellent assessment product and we had them on the
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show and i was struck by how important cyber security is to cisco's come back. they imbed cyber security in the digittization process from the get going instead of having it sit on top of the boxes and being run by the independent outlook like i just mentioned. people like the security blanket of the soup to nuts marketing. i say why not. i have never seen a group with more of an in your face unmet need on a daily basis. consider this morning when we read about the billions stolen by russian bank hackers. didn't you feel that was going on? that's why i hand checked my balance at my bank every single monday. i decided after this i'm checking it every single day. i don't want to be the last to find out someone is taking my money. president obama constantly makes the case for buying these stocks like last week are they expensive? come on man, it's fashion week. these stocks are really in style. they had to stay in style until
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we get insiders selling at which point they'll be hauling in their tracks. unless until the next story breaks which is inevitable. they're glamorous even if it's hard to value just like it's hard to value what you see on the runway. who can figure out those prices. what else is running? medical devices. whether it's edwards lifesciences boston scientific. medtronic too. that will be a great stock next year. given the incredible expansion of medical care under president obama it's hard for these companies not do do well. of course i'm not saying that companies aren't trying to cut health care costs. the opposite is true. here the fashion show puts a spotlight on classics. that's right.
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mckesson cardinal health cvs, as well as united humana how strong is the trend? consider anthem. the company behind bluecross blueshield after it got hacked you'd think it would be down like target? it didn't skip a beat. it ended up going higher. there's a powerful theme. regular viewers know domestic retail is roaring. it's in the finished with it's time on the cat walk. best players nordstrom, home depot, best buy, big lots costoco and the dollar stores. we hear from not one but two big retailers nordstrom and walmart. they initiated nordstrom with a sell. they have been spending fortunes they told us last year when we went to see them. barclays is saying it's all too expensive. walmart we haven't heard a peep out of those guys but we assume
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it's been a big winner. i wouldn't back away from them here. i got up this morning at 4:00 a.m. and the chatter is about how greece is going to wreck. people are saying it won't be up. thankfully people are getting wise to the idea that greece is a bit of a side show. if europe rallied off of greece what are they going to let us not rally? let's not forget the restaurants. we have an extraordinary number of the fav jack-in-the-box. amazing numbers. what else? they're starting down the run way. they were left for dead a few weeks ago and kb homes reported a terrible number. since then it's been nothing but good numbers from the home builders and they have become the height of fashion along with everything that goes in a house
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which means sherwin-williams, black and decker and whirlpool. travel is nonstop and traveling higher. price line reports this thursday. they are disposed to being gloomy in their outlook so i would buy it after you read the headline that they cut forecast. the combination that orbitz is super stylish and trip advisor last week. how strong is the travel concept? for a good man to lose his job. i'm talking about how adam aaron, another favorite of mine took over the ceo job at starwood hotels. a frequent guest here on mad money had a long-term vision about returning value to shareholders. last week he announced he's spinning off the company's timeshare business. i was thrilled. it wasn't enough for the board that wants immediate action to keep up with the growth in the rest of the industry which has been phenomenal. they have been growing much faster and now he is cast his interim ceo to play catch up. then the defense stocks. this group is able to do no
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wrong whatsoever and the rise of isis made it so every country feels the need for more military hardware. lockheed martin general dynamics and harris which just brought our fav exelis last week. they're regarding as the arsenal of democracies and dictatorships against the religious fanatics. it means war orders for the companies. then the organic and natural food theme which i'll never let you forget. a fantastic conference call. whole foods is back on track after that last quarter. i love what i hear from those guys. hain celestial and chipotle are biding their time. some of the cyber security stocks are overvalued but it doesn't seem to matter. that's how hot this fashion trend is.
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here's the bottom line. i typically don't like to invest in what's hot but trading it is a different story and as fashion week continues you can bet these groups all have more room to run. let's go to florida. >> hi booyah how are you doing? >> booyah. >> caller: having a question about transocean. what's your future out look for this company based on the low prices of the oil? >> well it was smart they preserved capital. that's why it didn't go down. it's a big dividend cut. i like that the new chairman is pete miller. but at the same time if you want to own, you have to own quality. that means halliburton. you know i'm not one for fashion although i hear this boot is making waves on the style pages. but when it comes to wall street it pays to follow the trend. i think what's hot will continue to strut it's stuff.
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waste management up 5% today. leading the s&p but can it keep turning garbage into gains? and if you listen to the haters you likely missed a huge move in a pair of underrated stocks i have been pushing for a long time. i'll unveil them and call out the analysts that got it wrong. plus ethan allen with a weak earnings report. i'll see if they can redecorate the balance sheet when i talk to the ceo. stick with cramer. >> don't miss a second of "mad money" follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail to to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.
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the garbage business is on fire in this country. i find the odor of a stock like waste management pretty pleasant here. one major by product of an improving economy. our economy has been getting much stronger. it's also becoming more trashy. so no wonder waste management the largest garbage company in america with 252 active land fills worth $2.65 were 5.1% higher today. gross margin increased by 200 basis points. i don't know. i was very excited. $1 billion buy back. 2.6% dividend boost? and don't forget the company raised nearly $2 billion by selling off it's waste to an
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energy business in a deal that closed this past december. think of waste management, long one of my favorite stocks as a stelth play in construction. i think it's got more room to run. don't take it from me. let's check in with the president and ceo of waste management. welcome back to "mad money". >> thank you for having me. >> it's the strongest quarter since aurltll the years we had you on. >> thanks. in 2014 we set record earnings and that record isn't going to stand long because we'll do better at 2017. >> this was remarkable. one of the best was barry when someone asked you if you're seeing volumes that would indicate nonresidential construction. you talked about the revolution that is coming from low energy
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in this country. >> absolutely. when you look at construction around the country you see from lake charles into the midwest it coming back. we're perfectly positioned to take advantage of that. >> do you think it's an untold story? >> pardon me? >> do you think it's an untold story? >> absolutely. when you think about it i think everyone is seeing the natural gas revolution. everyone is talking about natural gas prices and that's a great feed stock for a lot of different plants but low energy prices even drive it further. lower oil prices so it's an untold story. it's also a story that really needs to be exploited where we need to take advantage of doing something that we haven't done in a long time which is create a lot of american jobs imagine how could it could be if we took advantage of the energy revolution. >> couldn't agree more. you were also specifically
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pointing out that this port problem we have out west really hurt companies. hurting your company. can you explain to people how that works? >> it's really hurting a lot of companies, jim. so we export a lot of our materials to china. we have tens of thousands of tons of material ready to be shipped to china because it can't be shipped. you've seen the retailers pointing out in their releases. we're joining with them so say let's do something to get this resolved. let's be more proactive to make sure we can get this resolved and not hurt the economy anyway we have already. >> speaking of recycling it's clear you've gotten a handle on the way we recycle in this country. you're not kleecreating contracts where you can get hurt on recycling, are you? >> it's a pretty simple equation. we can sell them for a certain amount of money.
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it costs us money to process them. when you have high prices we sell them for more than our processing cost. but when your processing costs are actually higher than what you can sell the material for that's a recipe for disinvestment into recycling so what we told customers is we need to restructure to make sure that we can earn money long-term in recycling. not just so waste management can do better but so we can do better as an environment. we have to invest in recycling assets. so fixing that business will not only help us but will help the environment. >> people were misjudging when they said the revenues weren't so strong. you're passing up on the business that's not working. huge check to waste management. does that mean a huge check coming to shareholders? >> kwaeyeah. we got about 1.95 billion. at waste management we generate a lot of free cash flow and we're always going to look to return that to our shareholders.
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with the proceeds we would love to invest in that a creed of acquisitions that would be great for our shareholders. our free cash flow is dedicated to paying our dividend and buying back shares. if we can't find them we'll go back and buy back shares. one way or another we'll return it to the shareholders in the way that creates the most value. >> that's one of the reasons why the stock went up so much. i want to return to that question for a second. in 1950 president truman saw a railroad strike was going to knock our country off kilter so they seized the railroads. are we talking about the president saying we're going to seize these ports and we're going to make this commerce work again until you guys deal. this is threatening our country. >> yeah remember president reagan had the air traffic controllers where he stepped in. i'm not here to tell the
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president what to do. the president knows he has a lot of authority to take a broad range of powers to settle this thing. all the way to seizing control of the ports. i don't know the right answer but they need to get involved because we're talking about $3 billion a day that this hurts the united states economy. that's something we really can't afford when you is a perilous economy to begin with. we need to do something and do something fast. i think what they announced this weekend, sending the federal representatives over there will help. we need to make sure we get both sides to the table and work a deal that works both sides. i think it's there and the deal can be done. we need to make sure that the federal government puts pressure on both sides to move a little bit. >> congratulations on a fabulous quarter. waste management on fire. good to see you, sir. >> thank you jim, by the way. >> yeah. go ahead. >> by the way, being from new orleans i'd be remiss not to wish you a happy mardi gras and i saw you had your birthday last
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week. happy birthday. >> thank you on both counts. i appreciate it david. a lot of good things happening to this stock. a lot of good things happening to the company. i think it goes higher. >> coming up whether it's in your palm on the wrist or right before your eyes technology is taking over our lives. but as new gadgets show up in your life should you be making room for new stocks? don't go anywhere. cramer has got the potential winners. just ahead.
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when stocks like the fast growing shoemaker skechers or columbia sportswear rally more than 5 and 7% respectively on thursday and friday of last week you have to wonder how can these names jump so much in a single session? after all, skechers and columbia sportswear are in the end clothing companies, not biotechs oming out with life saving drugs or technology companies built into the next generation of apple's iphone. they're good at what they do but what they do is not supposed to be that exciting. the mystery of how these stocks make major moves right in front of your eyes needs to be
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unlocked for you to understand how the stock market really works. not just what they say about companies but how it works. yes it's that important and i got the answers. i think the answer is twofold. what is it that both skechers and columbia did exceedingly well this quarter with new products? technological innovations and scored with breathtaking international sales including european sales? it was a total shocker given we heard from the likes of ralph lauren this quarter and pvh last quarter. both of which disappointed overseas. but the staggering jumps in one day is one i have insight into because i have been there. many hedge funds and their accolades have been using various different sampling services to predict how the companies are doing. they have underestimated the sales of these companies, the
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moves you saw in skechers and columbia last week are the direct result of hedge fund short sellers reaching for any stock they can so they can cover it. wall street speak for buying shares to close out their short positions because they got shot on faulty information from the services and that means they need to cover at all cost because their thesis was wrong. as the terrific ceo of columbia sportswear pointed out in what was a brilliant conference call perhaps this is a good place to caution listeners about the dangers of relying too heavily on reports from third party market research firms as proxys for how our brands are performing in u.s. we have found that the data from some services is not representative of our broad diverse u.s. customer base and should be read with caution. i cannot stress how significant this really was.
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it was a shot across the bow. often yul see the stocks plummeting mysteriously. i get questions about that all the time at jim cramer on twitter. that's because one of these is telling hedge funds there's weakness that nobody knows about. i've seen it happen again and again with columbia skechers. it's daunting for shareholders to endure these raids and this was the quarter where columbia had just had enough of this kind of manipulation and i'm calling it stock manipulation. it can't be considered responsible analysis and it makes them believe the company is doing worse than it really is. i think vf corp. gets lumped into it as a company victimized by this research which could explain the recent spike. there were plenty of reasons to buy the stock that is the north face. i have been supporter of
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skechers columbia and vf and i witnessed how their stocks trade and marvel to myself about how they have lids on it. i hope this quarterfinally convinces people to abandon these ridiculous services. skechers is in the early growth story which only seems to be constrained by an inability to get enough product out to meet demand. columbia sportswear in part because of technological innovation that allows them to stay warm when it gets wet has seen it's apparel sells accelerate. they have become elite wear and i was quite impressed by the results they got out of prada. the yoga power company has given columbia since last year. the third party research firms missed every bit of that move. now it's a tough gig.
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i thought deckers was doing better than it was because they came on the show twice with a level of confidence misplaced in light of their numbers. but the trajectories are clear. sales and earnings are going higher and these two latest quarters are pretty much the real deal unlike what the third party research services would have told you about howell they were doing. here's the bottom line wall street is on the wrong side of the trade with these two but if you believe in them like i'm urging you to do you could be on the right side of the investment. sandra in oklahoma sandra. >> hey, jim, a big hello from the state of oklahoma. >> what's going on down there? >> well we're shoveling out some snow but not as bad as the bostonians. >> i know. big snowball fights up there. >> i have a question. i wanted to tweak my portfolio. i'm wanting to add a retail stock. i've been looking at michael
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kors is that a good-bye buy? >> i don't like the accessories business. i'm a columbia sport fan. all of these i like more than the one you just pointed out. i'm sorry. when the wall street research machine misses the mark that can be your chance and i think you have a shot to get some high quality stocks like skechers and columbia sportswear before big money catches on. there's much more mad money ahead including my dive into a red hot corner of the market with a lot more room to run and ethan allen we gain the big losses that follow the latest earnings report. i'll see if you can score off the new decor. plus let's fight this cold snap with a red hot edition of the lightning round and let's hit these people that hit me with a snowball. nice shot. sorry. stick with cramer.
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you, my friend are a master of diversification. who would have thought three cheese lasagna would go with chocolate cake and ceviche? the same guy who thought that small caps and bond funds would go with a merging markets. it's a masterpiece. thanks. clearly you are type e. you made it phil. welcome home. now what's our strategy with the fondue? diversifying your portfolio? e*trade gives you the tools and resources to get it right. are you type e*?
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well you know that old school tech has been on fire lately. that goes double for the semi conductor stocks. just recently they broke out to levels not seen since 2001 and
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while new all time highs are still a long way away the general direction seems to be higher as i said to my partner this morning at squawk on the street. that's why tonight we're going off the charts to figure out how to play the space. bob is a real smart technician and founder and senior strategist and technical star behind the three man team of the news letter. let's zoom out and take a look at the monthly chart. that's called the smh. this is a real good proxy for the broader industry. it illustrates how they have been powering their way higher for years. look at this what a chart. they have been leading the market consistently since 2009 and they have been rallying practically in a straight line. tell me this isn't a thing of beauty. people ask are we almost back to 2000? it's getting there.
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still, the semi-conductor group is still more than 45% off the all time highs for the year 2000. let me just add, these stocks have been rallying on earnings power and they're still fairly inexpensive on an earnings basis. they're not rallying rallying dot come rallying dot come rallying dot come karma. it's been above that line the green for the last two years. an extraordinarily long period. normally you would be scared. you'd be scared away. wow, this thing is already up too much but you would have missed a big move had you felt that way. this is what is called this pattern, an imbedded overbought and it's positive. not a negative. more important, the trend on the monthly chart is still up. if it stays overbought this long it usually is a sign that you're not going to go down. you're just going to keep going
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higher. hets zoom into the smh weekly chart. we get more of a medium term view of what's happening here. first of all, when they briefly pulled back down to the 50 week moving average last year what a buying opportunity. that's something he thinks you should watch for in the future. second after consolidating for the last three months just last week they gave a solid break after the upside. one strong vibe. it could represent the beginning of the next leg of the rally. i'm doing this not because i think it's over but because we could have another leg. but here on mad money you know we don't like to play the etfs. that includes the good the bad, and the ugly. terrible stock picking strategy. we prefer to pick individual stocks. so what are the favorites right here? okay let's start with one that we haven't talked about, i don't know half dozen years. broad com. take a look at the weekly chart. it's been consolidating for
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months. and the stock broke out from the base last week. it's now making new multiyear highs and the moving average can grow and charts use to predict changes. predict changes in stock trajectory is making what's known as a bullish cross over right here. that's where the black line crosses above the red one. you are early on this. even though come on think about it, you haven't missed that much. it's been pretty reliable in the past. this is a great reason to buy it. let's zoom into the daily chart. you can see how broadcom rallied on very strong volume. that's a good sign as part of the break out i just mentioned and a rally on high volume is always indicative that the big institutions are buying it in size. that's what we want. that tells the truth. both relative strength index up top and on the bottom they're in
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overbought territory which means broadcom may be due for a pull back. if the stock does come down in the near future pull the trigger at 44. below where it is right now. ideal entry point. this whole thing makes a lot of sense to me. what's left is firing on all cylinders. i just felt compelled. i said have to open the charts. broadcom looks interesting to me. what else? how about cypress semi. i think it will be a game changer and dr. rogers came on and talked about. remember he bought that stock right here? no one believes except for him. that's the way it should be sometimes. he points out that cypress has been consolidating. however even as it's been trading sideways it's been different. it's an indicator of support. support for the big
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institutions. the 50 day moving average finally caught up to its share price at these levels which is why langly has rested enough and is now ready for the next move higher. it's caught up and that's sy signal. this stock used to be much higher. it can happen. while we're talking semi-conductors how can we not talk about intel? roughly a month ago intel reported i thought stellar numbers but they gave conservative margin guidance. he threw cold water on my thesis. i think he was being underpromising so he could overdeliver. they then disappointed which caused stock to get slammed to the curve. it was all negative pinks. action. they're doing a great job of
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diverse diversifying away from pcs. i like the conference call so much but i was in the minority. what does he have to say? we're looking at a bullish w pattern. get close here to see the w. you have a big decline followed by double bottom and the stock takes off creating the w that i'm talking about. now langley's intel could be at the roaring higher stage. especially as this just made the same bullish cross over that we saw in the broadcom. intel has to fill in gaps at these levels and it's facing resistance at 35. but if this stock can clear 35 remember it's a dow stock. it's returning to recent highs of 37. possibly going higher still. so the w and then he thinks it takes out the blue line. takes it 37. i have wholeheartedly in agreement with him. finally micron that's the maker
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of d rams. it sees a nice w pattern. it's a little more evident here. he thinks they already made the bullish cross over there. this one is ahead. the stock crossed above the 200 day moving average. it just did that. another thing that's good and is pushing resistance to the 50 day which is the blue line and that's where the stock went out today so it's really poised. if micron can break down above it's trend line and really captured the stock, they see the stock headed much higher but i deal -- maybe you should wait for a pull back. and micron has been a miraculous performer over the last few years. it's been bad as of late. perhaps it's about to break out of its funk. i would not wait because i found this to be a pretty compelling
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idea. okay? now here's the bottom line. the charts say this sector has more room to run. in particular lang likes them as well as broadcom and micron own weakness. i like intel and cypress best. i want you to think about the semis. "mad money" is back after the break. anything? no. you? no. aflac! what are you guys looking for? claims! legend has it these hills are full of 'em. it can take months for an insurance claim to surface. claimin' takes patience. aflac paid my claim in one day. they got some new-fangled kinda one day payin' machine? hehehehe yea, i got aflac at work.
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aflac... in just one day, we approve and pay. one day pay, only from aflac. aflac...
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good evening i'm jim cramer and welcome to my world. we call my world "mad money". >> who was that handsome some what overweight young fella? can you believe it? ten years. a decade of doing the show. i think we need a celebration and i can't think of a better way to do it than right here surrounded by you who have been watching the whole time. go to madmoney.cnbc.com and sign up for tickets today and i'll be
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seeing you in march. and now it is time.t's time for the lightning round. and then the lightning round is over. are you ready? it's time for the lightning round. gary in north carolina gary. >> booyah jim. i was wondering what your thoughts are on five below. >> there's so in retailers i like but we'll say no on that one and i would rather be in costco. mark in illinois. >> caller: how are you doing? >> not bad. how about you partner? >> caller: i'm great. i was wondering what you think about raptor pharm. >> i would rather buy five shares of regeneron. john in florida, john.
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>> caller: booyah professor cramer. >> booyah back. >> caller: i am calling about the reorganized insurance company national general holdings company. >> you know that's a good company. that's a good company. i am so partial to travellers that i'm going to have to say you have to stick with travellers but that is a good company. all right let's go to ed in florida. ed. >> hey, big booyah from florida, jim. >> i wish i were there so bad. everything would feel better. what's up. >> caller: hey i just wanted to find out if my stock is still a good buy at this price. it's lowe's. >> yeah. i feel terrific about it. i wish it would come in so the trust could buy more. and that ladies and gentlemen is the conclusion of the lightning round. >> the lightning round is sponsored by t.d. ameritrade.
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why do we do it? why do we spend every waking moment, thinking about people? why are we so committed to keeping you connected? why combine performance with a conscience? why innovate for a future without accidents? why do any of it? why do all of it? because if it matters to you it's everything to us. the xc60 crossover. from volvo. lease the well-equipped volvo xc60 today. visit your local volvo showroom for details.
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>> we know the u.s. on assumer is feeling better curtesy of the massive decline of the price of gasoline. where are people spending this newfound disposable income? are they putting it on their homes? william sonoma and bed bath and beyond have bb on fire. they reported a miss back in late january. however, i think that it's
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possibly short-term in nature. they have 300 design centers that provide you with almost everything you need for your house. about half the stores are company operated and the other half are run by independent retailers. ethan allen had a miss. rose 2.1% year over year because of softer sales trends and higher clearance levels because the company needed to move lots of older inventory because it has new lines coming in. they're in the process of changing more than 70% of its merchandise and renovating it's store base. we know it can yield real results but they cause some pain. witness how the stock drops down to $27.81 the day after it reported and has been trapped at the $27 level ever since. can turning everything around can it transform the short-term pain into long-term gain? let's take a look with the chairman and ceo of ethan allen
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interiors. welcome back to "mad money". >> good to see you, thank you, sir. >> it's a pleasure. >> you're in a major turn around and it's major. you lay it all out. you have new factories coming on. is this a tough time for ethan allen or transition time? >> it's both. now take a look at it we are 82 years young. i was in vermont last week minus 40 there. i'll come back to vermont, you know we are going through, we have in the last 82 years, i myself 30 years have been involved with a number of invention. this is major because the world has changed. today when you take a look at the world we have the impact of globalization and commodity commoditization commoditization. on one hand a lot of consumers
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don't want service but then on the other hand you talk to them and then finally the technology. so all of these are for us really i would say we mention. >> when i went through the catalogs and it's very clear they're up with the times. but you talk about in the conference call these other guys do play -- they don't have american manufacturing. is there really value to american manufacturing? can the customer see it? because they're making it you know cheap overseas and you're not doing that. >> yeah if you are not vertically integrated as we are, we have the idea to design to engineering, to manufacture, to retail we have 1500 interior designers. in north america and 500 overseas. now if you did have those and you didn't have people that
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could explain quality then you end up going to it because there's no quality. >> but crate and barrel they do have good quality. >> yes of course. i think when you're talking for mass merchants, it's rare commodity oriented merchants. like similar to what's happened in home improvements. similar to what's happened in electronics. it's ended a lot of business. >> but you go and talk about how, listen we're just -- we're very early through in our turn. i'm trying to figure out why to tell people to own it now versus when you're bog to be much further alone and the changes have been made and the whole product line is refreshed. why move now with the stock when it might be -- the company might be ding better six months from now? >> well if you take a look at our -- you mentioned about this
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miss -- we don't give any guidance. >> that's tu. >> keep in mind for six months our adjusted operating earnings were 10% despite all the chaos we're going through. >> there were a lot of good things. >> it was 15%. now going back to american manufacturing, if we did not have customizations like for instance our sofa can be available in a thousand different fabrics. our products are made with all kinds of different finishes. it gives an communityopportunity to design. now if we didn't have designers and design centers having u.s. manufacturing it would be still good. >> but you would be dealing with the furniture companies that you tell me all went under and yours survived. >> that's right. >> because you do have a better model. when will we see all the new lines? by june? >> what's happening is this?
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we introduced it last september and the one you have to see now, it's very fantastic. the third phase is going to be introduced in the summer and marketed to the fall. by summer we would have completed 70% of products and also most of the floor samples have gone. we have been building manufacturing and investing. it says close everything up. go offshore. make more profits. and build a lot of inventory and, you know what, those folks are building a lot of inventory. a lot of it comes back. >> i like the long-term approach. i always have. that's the chairman president, ceo of ethan allen. go read the conference call. you'll understand the time frame and the big transformation and why it may make sense to get in earlier than waiting to see the results. stick with cramer. and i get a lot in return
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you seem knowledgeable professional. would you trust me as your financial advisor? i would. i would indeed. well, let's be clear here. i'm actually a dj. [ dance music plays ] [laughs] no way! i have no financial experience at all. that really is you? if they're not a cfp pro you just don't know. find a certified financial planner professional who's thoroughly vetted at letsmakeaplan.org. cfp -- work with the highest standard. weak number out of fossil but beautiful number out of jack and the box and i think they can go to 100. yes. it is that strong of a story. fossil, no enough already with the accessories. there's always a bull market somewhere. i promise to try to find it just for you right here on "mad money." i'm jim cramer and i'll see you tomorrow.
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(man) the sharks are back in an all-new season of "shark tank," where hopeful entrepreneurs from across the country dream of a chance to secure an investment and gain powerful partners to start, grow or save their businesses. i want to make it so that people believe that america can make products that are great. if the sharks hear a great idea, they're ready to invest using their own money. how would i get my money back? i will write you a check. (laughter) and they'll fight each other for a piece of the action. you're hurting children. are you kidding me? we're not here to suck the blood out of companies. at what point do you ever get your money back? but first, the entrepreneurs must convince a shark to invest the full amount they're asking for or they'll walk away with nothing. i don't wanna tell you how to do this business, i want to support you. it's sink... money's binary.

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