tv Mad Money CNBC May 13, 2015 6:00pm-7:01pm EDT
6:00 pm
you sell that. walmart coming out with a come petition with prime. a stock like this sell it. >> all right, we have five seconds to express your love of the rangers. go ahead. go. >> it will be a war at the world's most famous arena. the better team will win. >> all right. 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". my job is not to just entertain you but teach and coach you so call or tweet me. don't just stand there. do something! that's the mantra the the companies that want their stocks to go higher. we see it play out every day in
6:01 pm
the market including this one dow dipped eight points nasdaq advancing 0.11%. do you know almost every single company that jumped a sizable amount played a major role had. these are companies that aren't about to let themselves be contrained by possible fed rate heights. the strong dollar as it is weakening, not to mention port strikes, politics, greece whatever, all the forces that keep stocks down can be defeat bid adjective ed by a smart management team. they are not willing to see their stocks futures to the s&p 500 stock features. you don't need to know where the german ten year treasure went out this morning if you take a valuation path.
6:02 pm
all these managers of these great companies are thinking is if we take this action we could create instant wealth for our shareholders, and that is exactly what they pay us do. ♪ hallelujah ♪ >> let's many look at pll corp to be bought by dan at a huge price. 12 $123.89 was $99. what a win. did dan corp overpay given the price? apparently they wanted pall so you would expect there was a reach to win that auction. i know we did the math and what would have happened if thermo
6:03 pm
fisher did, the answer is it would have cost too much for tml which is why i believe thermo went up today. however opening up $4 while it only gave up a lot of that the market still applauded the deal recognizing gt it can bro money cheaply so the acquisition can make the stock go higher. plus, this morning the company decided to split itself into two entities, an industry real company and i science and technology company. with pall as its key stone. the break up is brilliant. with pall in the stable made no sense to keep all these businesses under one roof. i expect both companies to make more acquisitions to grow their own businesses and as these
6:04 pm
deals happen the stocks of both companies tend to go higher over time. next up there's williams, wmb, responsible for transporting 30% of nation's natural gas around the nation a lot of natural pipelines, today bought 40% of williams partners wpz, it is paying $13.8 billion in stock. obviously the target rally was big, up 22%, but the acquire stock would too up more than 6% taking constroll of its own destiny. it makes sense. because now can get more access to cheap capital allowing the company to buy up other pipelines while raising its distribution at 10% to 15% clip for years to come. this deal is so exciting income and growth both hard to come
6:05 pm
by, can be a consolidator so badly needed. we have dozens of pipelines in this country, we need four or five of them, that's coming, williams with kend raw morgan will be consolidateorsconsolidators. how about owens illinois very low grown, paid a mexican company this morning $2.5 million to buy, this is owens illinois buying something and it's own stock rallying 10%. see the theme. how about another winner monsanto, i flagged all the winners, i kept thinking it was earnings, no it was something the company is doing monsanto
6:06 pm
might raise its bid to acquire a competitor sent the stock running because they will use cheap money to take out money for a company they compete with it's business. if next transports have been acting terribly since oil bought them in the 40s but this morning delta airlines announced $5 million buy in talk about taking matters into your own hands, they don't have much earnings but are still making loads of money. stock didn't bo up like people thought, again, something is wrong with the transports i think because oil is going higher. let's talk about the flip side. dupont stock plummeted to 6% because failed to get representation on board of directors.
6:07 pm
they have couple billion dollars in there, short-term investors it fleeing the stock in fear of no major change or that might dump the shares and depress the stock. no idea what they will do. with defeat by ceo and board the stock has fallen to under $70. is that fair? not for us to decide. felt's put up a fight but in the end i think coleman had done too good a job at dupont to purse aid the shareholders. plus cut cost boosted the dividend and spinning the under performing commodity, what's not to like what she's been doing, nevertheless with belt's unable to seemingly effect change it becomes yet another chemical stock. do we want that?
6:08 pm
if the dollar is strong dupont could get hurt numbers could get cut, agriculture market gets hammered, dupont misses the estimate stock goes lower. no one wants a stock that puts up with the visitudes of the economy but that's what sheetz done. no doubt will continue to create value in an ongoing process. fact is kind ofim peeric am i think the world's are getting better and many earnings will have tail winds from currency and they don't want to wait. if the rest of the world improves, even better. bottom line, to the ceo's who are watching, it's no sin to think big when trying to create value by doing something.
6:09 pm
so what are you waiting for. let's go to todd in arkansas. todd. >> caller: hi mr. cramer thank you for taking my call. today i'd like to talk to you about gm. seems nothing good is going for them. first the ignition switch defect story and now sales in china are declining. should investors stay away from gm. >> this is a soul hitch searcher for me. we debate it every day. out of 4% yield we got that great income stream but europe is bad. the answer is i don't want you in there. we've been saying listen we doesn't know what to do we don't want to give it away because it seems too cheap but talk about a stalk this has no momentum. andy in alabama. >> caller: hello cramer. we need your advice down here.
6:10 pm
>> sure. >> caller: i bought something three weeks ago and got off that train and got into mic, i wonder if you think i should keep or sell m.i.c.. and thank you jim. >> i'm a big supporter of chip kelly and he thinks it will help in practices i'm all in. here's the problem. i don't like infrastructure stocks and union pacific is breaking down it is so cheap, i know the stock is rolling over i know they have a fracking problem, 234e have oil issues most importantly there's value here, but i don't like to recommend a stock. because tomorrow it will say cramer loves union pacific. the stock is going down but it is a good company. i shouldn't care about the next three points but unfortunately i
6:11 pm
know everybody does. lionel in oregon? lionel! hmmm perfect. okay. let's see. why don't we go to joe in indiana. >> caller: hi jim. watching internet continental exchange and i wonder your thoughts. >> it's such a winner sometimes i don't talk about it because it's a $200 stock. they take cost out but it is a real winner and consolidator and then fit very much in my theme of company that's take matters into their own hands. ice works. all right. don't just stand there. do something. that's what i have to say to ceos that are sitting on the side lines. after 20 years legendary ceo
6:12 pm
6:13 pm
we'd like you to know. we don't collect killer whales from the wild. and haven't for 35 years. with the hightest standard of animal care in the world, our whales are healthy. they're thriving. i wouldn't work here if they weren't. and government research shows they live just as long as whales in the wild. caring for these whales, we have a great responsibility to get that right. and we take it very seriously. because we love them. and we know you love them too.
6:14 pm
6:15 pm
pg&e is using new technology to improve our system, replacing pipelines throughout the city of san jose, to provide safe and reliable services. raising a family here in the city of san jose has been a wonderful experience. my oldest son now works for pg&e. when i do get a chance, an opportunity to work with him it's always a pleasure. i love my job and i care about the work i do. i know how hard our crews work for our customers. i want them to know that they do have a safe and reliable system. together, we're building a better california. all right. let's get down to brass tax, can watson move the needle for ibm, i don't think they can or will impact ibm's bottom line in a major way. it has terrific uses a lot of
6:16 pm
them in health care which is a gigantic category but watch the earnings story than the profit aable metaphor. unlike the slowly declining slow business, ibm is working to set that drop off with a rapidly advancing cloud-based effort help predict it. watson is at the core of that effort. i think watson is part of any ibm sales pitch, customer or prospective client. i personally would be able to love to demo watson as a way to drum up business for ibm. it say real door-opener, how to figure out ways to make any business grow faster regardless of the industry. let's say you want to get in front of a chief marketing
6:17 pm
officer in front of a major company, how could you not be intrigued after seeing our show last night about what watson can do for you. maybe wont to now what people across the country want to know about a new commercial in all venues or patterns of organic versus gmo across the south. what are they saying on twitter about it. the eco significancesystem that is watson has the answers. without selling experience it might be lost on you. we have a huge number of or fan drug companies on the show trying to get their medicine to patience. patients but because they treat rare diseases a lot of doctors don't know trials are going on and others don't know how to diagnose these conditions using the systems in front of them.
6:18 pm
to me watson is the answer it know it's the protocols and research it read 12 million research papers so it can connect at-risk patients with the correct medicines. it is not fictional. it is emperrical not anecdotal and you can get actual answers. still as medicine gets more and more personalized i think the whole system from the doctor's office to the emergency room to the rest of the hospital will surrender to watson. they don't want to take care of patients in the wrong way, with wrong being less expensive or less compassionate drugs. watson is the answer. i would love watson as my
6:19 pm
wingman. it is a door opener to help perhaps save lives and improve the bottom line when is it comes to testing or marketing. i think watson can work to enhance the profitability of ibm all the way down the way. watson has my vote, how about yours. let's go to david in illinois. >> caller: captain cramer a board your 17-footer. >> you bet i'm skipper of the wailer. what's up. >> caller: my question is about ticker juno. >> yes. >> >> caller: their business involves reengineering dna to allow the immune system to detect antics what are your thoughts on juno. >> we like juno. we like exactly that kind of
6:20 pm
cancer therapy. we also like halo -- halozone. here's the problem if you own them you can understand they can be wild. if you're experienced investor you can take the risk but it is risky. how about ted in texas. >> caller: congratulations on your recent marriage. >> oh, thank you. >> caller: i always watch your show. sfrz i've been looking at the stock for quite some time i want your opinion on gardener ink. >> it is very well run, gartner. very good idea. i think you need consultants, and i like your call. that's going to have to be it. my dear watson can it move the needle, well it can improve a customer's bottom line. that's all you need especially if you're a sales person. more to come get cisco ceo
6:21 pm
6:24 pm
over the last five days cisco is off 23%. when it comes to the technology industry this is the end of a era, the john chambers era and beginning of a new one, john chambers who has been ceo running cisco for 20 years plans to transition to executive chairman will be there with company's senior vice president taking his place at the helm. since 1995 has led citiessco through good and bad times and always been straight with us. he's going from the back bone of the internet to first rate security built into products very important, every company is
6:25 pm
worried about hackers. the company with higher than expected sales, a very solid outlook and stock up quick 10% since spoke with john in january. let's talk to john chambers to hear more about the quarter and his company's future. john, welcome to mad money. >> pleasure to be with you again. >> 20 years this is the most feisty i've heard. at one point someone saying you are losing share you call it garbage, you came out sworn against white boxes and left it behind, are you leaving mr. robins in the best position competitively you've ever been? >> jim, i think you said it well, our company is in the most competitive position ever. we've moved from selling boxes to outcomes. you're digitizing every country,
6:26 pm
you either change and disrupt or get left behind and cisco is the lead player and you saw that in our lead quarter, up 6 to 7% so was our commercial so was our enterprise. serve provider was weak but will change over the next couple quarters. our productship is never better made the transition from switching and routing, both growing well. core business growing 6%. riding business growing by 4%. collaboration growing by 7%. deferred revenue growing by 20%. pipeline deals which will be the model for the rest of the world is $3.7 billion from 1200 business transformational projects going on, only billion dollars a quarter out of that market. so as you said in the lead in we've learned how to get up stronger when we get knocked on
6:27 pm
our tails, much like we want our kids to do, i think we are in the strongest position we have ever been but check is absolutely the right ceo to take us to the next level. >> year or two ago were you concerned because the while label guys were hot saying cisco was left behind i feel the challengers have been left behind. you have to be concerned when you had the new products out that maybe some people were catching up. >> well jim, i think you go through transitions and this is what cisco has done that no other technology stock has done. you know where the market is today we are projecting record earnings per share and record revenue. most of our peers dropping in negatives. second thing is there will always be group of challenges. they come and go over the years, and eight months ago at our sales market we said the
6:28 pm
industry will consolidate brutally the hps of the world, et cetera, will you see us pull away from those and we've been focused on the white box guys for four and half years, that's what we're going to do with architectures so you always want to be aware of market transitions, we normally lead them. boy, this one, jim i did challenge people on the call when someone misstepped when they said i think what you're proposing is entirely wrong and let's deal with the facts here we are breaking away from it we are transitioning very well. people want outcomes to generate new revenues higher productivity and cisco is positioned like no one else to do that. >> can china continue to not spend as much and not fall behind can brazil continue to be down 10% and not fall behind can the service providers
6:29 pm
continue to spend so little ant not fall behind. don't they have to come in and start spending more. >> well, i think the countries around the world two of the three we mentions china and russia are more political issue yous s and as they evolve we are in position to benefit. i think in terms of service providers we will take share there, i said i don't think it will increase second half of the year but in the next quarters will see us back in positive growth. was minus 7 today. that will be more share of market of. opportunity for cisco to dwarf what we did in the 90s in terms of growth to our customer is very much there and combined with security, we have the security strategy that the white boxes do not you combine that
6:30 pm
with every company going digital that's a board room discussion i think you will see it in terms of growth. >> all right. chuck robins begins, more on the road than you tougher than you, less collegiate what's the wrap? i hear he's just a tough guy. a little less evoncualar than you are. >> i'm not sure i would describe him that way. i think we have a many similarities but an area we're different i'm good on vision and strategy and saying let's make it happen connect the dots he combines that with building in the vision to build that strategy which is why he took u.s. enterprise grew 20% this quarter. he takes principals and goes global. he's a machine. we have many same characteristics in terms of
6:31 pm
being customer-driven, culture, neither of us perfect but to the best of our ability we always do the right thing. he's the right match at the right time. i would say more similarities than differences he will change the things that need to be done. i think will you really like him. he's coming on at the right time. >> last question. education now. you're moving on. college level? lower level? higher level? what do you think? where you going? >> well i love to do all the both. two skolcolleagues said if you do a class for ceos we would sign up for that i was humbled by that. i like college level. i like talking to young people. they challenge you. they have no respect for what you have done. they want to see how your mind works. and then keep you young. so involvement in education, someone has to help the u.s. get back in line in terms of the
6:32 pm
government to become a digital country. the europeans and asian and china aringe beating us. i also like doing start up time helping publics go public because it is a fun cycle to watch. key take away my wife is my high school sweet heart, for 44 years she's put up with me on this and i finally get to spend more time with her. her name is elaine she's an amazing partner and that's what i'm going to enjoy most with our two children and two grandchildren. >> well i wish you the best of luck. great to have you on the show. good to see you, sir. >> jim, it's a pleasure. >> outgoing ceo of cisco leaving on a high note. mad money back after this. >> coming up black gold lost some luster today but is oil still on a long term path higher
6:36 pm
given the staggering velocity in the collapse in oil over the last year fall by its incredibly rapid rebound, texas crude up 40% since its lows two months ago not to mention natural gas climbing in the next two weeks, how is anyone supposed know where energy prices are headed. we need to consult an expert. that's why we have the chair of bp bp's capital on the show tonight. he said oil could rebound back to $100 a barrel within 18 months. given recent run ups, his views with a love the creedence to me. so my pleasure to have you back on mad money how you been. >> good. i almost thing the last time we
6:37 pm
were together was up there in north dakota. >> wasn't that fun. you were so great to come into the balken with us. you saw it coming. you were early. >> remember howard was with zblus and he was saying north dakota could be one of the top two oil prison states everyone laughed, no one is laughing now. >> yeah he nailed it. >> well you naltiled it when you said oil could bottom ahead of when people thought. you put your money where your mouth is. >> i don't hesitate to do that. >> you never do that. what are you thinking. >> i think you're going to see 70 by the end of '15. >> right. >> we're going to be there. and i think you could be back up 90 to 100 by the end of '16. >> you said it wasn't just supply but demand who pick up. that is happening exactly as you said. >> well the demand remember
6:38 pm
last year is what messed everybody up. >> right. >> first of the year demand was projected for $1.45 million a day and ended up at 667,000 barrel it was about a million barrel a day miss that really dropped the bottom out of it. >> are people shutting down like you thought. this quarter will be lower production. >> shut down about a thousand drilling rates. >> right. >> and then have still coming down. we haven't had a recovery week in like four months. >> you also told us this is not your first rodeo that there had been many down turns and this will be a typical down turn and so far has really turned out to be. >> ift is. and everybody counted on it going much much lower. they don't believe you can recover quick as you can. but you're going to recover because you cut a thousand drilling rigs out of 1600 and
6:39 pm
man you made a big cut what's going on in putting production on. >> it is important, there was criticisms, smart guy saying you got to be careful of the hackers. frackers frackers. you have taught me. don't forget those wells deplete rather rapidly. not like a well in the gulf of mexico that has a million barrels, these things don't produce as much as you thought they would a year down the road. >> well, the wells now coming back up on the eur's, out there in west texas, but the decline is pretty steep. >> and that's part of the reason you continue to believe we're going to head back. >> yes because you hit all-time high inventories. >> right. >> you have now, and you're starting to draw. and at the same time eagle ford
6:40 pm
has turned over. and the balken has turned over and west texas will also go into decline. a year from now you could be at the all-time low inventory, in one year. >> wow. >> i'm not going to call that yet, i'm going to say, watch, and when i see it well i'll be glad to share it. >> all right one thing you taught us is pipelines are terrific. i understand that twin line has had some positions we had a great as wickcquisitions buying up williams partners good deals. >> they are good deals. rich kender led the parade on this. the guy has been a genius. he left enron and it goes down. >> so we'll stick with those. does it matter who is in the kwhiet white house? for this?
6:41 pm
will we have an energy that means anything. >> no we never had an energy policy and today look energy issues in washington, if you're going to export you go to the commerce department if you bring the keystone pipeline down go to the state department where does the energy department call the shots, they just don't have a plan in washington. >> and certainly they aren't going to use what is the most natural gas ha anyone has ever found t is a dollar in some parts of the country can't give the stuff away. >> that's right. but everybody that uses energy is looking at or has made the switch to natural gas. and i know you've struggled with clean energy fuels but look at clean energies people are doing business with. ups, hadn't bought a diesel truck in two years. you got walmart, you got fed ex you got all of them looking at
6:42 pm
the fuel. >> i know you told me it is early but you think clean energy maybe the time is come. >> i'm saying that they're going to switch to natural gas. i think bnsf will. i think they all will go to it because it's cheaper and cleaner. >> all right. well, boone, you've been most forth right and always a great educator about these issues. that's what we're looking for. boone pickens founder of bp capital has been right about the rebound. $70 seems realistic to me. we love to hear from you you're heir charitable gentlemen. thank you for giving all you do. you're most charitable man. stay with "mad money".
6:43 pm
can it make a dentist appointment when my teeth are ready? ♪ ♪ can it tell the doctor how long you have to wear this thing? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ the answer is yes, it can. so, the question your customers are really asking is can your business deliver? when a moment spontaneously turns romantic why pause to take a pill? and why stop what you're doing to find a bathroom?
6:44 pm
cialis for daily use, is the only daily tablet approved to treat erectile dysfunction so you can be ready anytime the moment is right. plus cialis treats the frustrating urinary symptoms of bph, like needing to go frequently, day or night. tell your doctor about all your medical conditions and medicines, and ask if your heart is healthy enough for sex. do not take cialis if you take nitrates for chest pain as it may cause an unsafe drop in blood pressure. do not drink alcohol in excess. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, get medical help right away for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision or any symptoms of an allergic reaction stop taking cialis and get medical help right away. ask your doctor about cialis for daily use. insurance coverage has expanded nationally and you may now be covered. contact your health plan for the latest information.
6:45 pm
6:46 pm
>> rack space. i say don't buy. don't buy. now to james in georgia. >> caller: how do youing. >> not bad how about you. >> caller: i'm doing pretty well, look, i -- >> hmmm? a pregnant pause. let's take another call. ellis in georgia. >> caller: hey jim first time caller love the show. >> thank you. >> caller: basically i wanted to ask you on your thoughts of now being a good time to invest in cowen. >> i don't understand why the stock is so cheap, it's down it's a buy. a lost the broker stocks are moving that one should move with it. let's go and toy in new york. >> caller: booia jim. >> yeah. >> caller: thank you for taking my call. >> my pleasure. >> caller: i would like your
6:47 pm
opinion on merrimack. >> good shape it's a good one to be in how about jack in indiana. >> caller: hey jim i'm first time caller how are you. >> i'm doing fine thank you sir how are you. >> caller: i'm doing good thanks, what's the future of cummins. >> it's a great indiana company. i want you to buy it. tom in massachusetts. >> caller: boo yeah with the economy doing so well with retail car sales what do you think of true car. >> i like car max and auto nation, one and two. how about fran in connecticut? >> caller: yeah hi thanks for taking my call. >> of course. >> caller: i was wondering about woos. >> we spend a fortunate on our pets we love our pets don't we woof, buy it. of that that's it for the lightning round. >> the lightning roupd is sponsored by td ameritrade.
6:48 pm
for each feature we release. we read about 10,000 suggestions a week to create features that as traders we'd want to use, like social signals, a tool that uses social media to help with research. 10,000 suggestions. who reads all those? he does. for all the confidence you need. td ameritrade. you got this.
6:50 pm
6:51 pm
arkansas miss miss -- and sells electricity to whole sale customers and yesterday energy announced a major new solar project to make new orleans the first city to generate and store solar power. energy stock has been a roller coaster but down at 5.4% yield. let's take a closer look with chairman ceo of energy and learn more about how this company is doing and where it is going. welcome back to "mad money" good to see you sir. >> thank you. you too. >> one thing your company is doing incredible well. >> yes. >> but in the end you're trapped because you trade with a cohort. you think it will ever be different so all the work you're doing is so the stock is more of a growth stock and separate from the other utilities. >> we hope so. the situation we got because of
6:52 pm
the growth in the south, manufacturing business construction all up and down the mississippi corridor we have a lot of growth in the utility business which supports the dividend and as the interest rates starts to rice the yield has to rise on the utility sector as well but we got this growth opportunity that should support a growing dividend so we should be able to compete with that. >> so industrial renaissance, you are at the heart of it. they are building plants where you are because the energy is that cheap. >> absolutely. it's natural gas and electricity so we have rates 20% below the national average. we compete well heavy metals wood paper, all constructing facilities down there and they use massive amounts of electricity and we need to bring
6:53 pm
plants fast enough on line to serve them. >> you have the cheapest natural gas in the world but you think solar is important. >> we think it is important in the long term to understand how to utilize all technologies and utility scale solar will be a lot more efficient and cheaper than on the roof top so if we could manage solar and the store age piece it becomes more valuable. now it is costly. >> you mentioned and there's a new study out that we subsidize many the wrong people, we should subsidize utilities not people because it might back fire. >> we subsidize the investment to the amount of output so when we look at tax credits on solar and based on investment dollars you get hurt if you're a utility, you get less of a subsidy. >> because we want the rates to come down. the average working person to
6:54 pm
pay less on utility. over the weekend, you had a reactor in new york that spilled a thousand gallons of oil i know the governor was up there, what's the status. >> right now what we know at the transformer yard outside the nuclear part of the facility we had a fire at the transformer that was quickly put out, we do know oil escaped from the transformer, don't know where it ended up we are doing that analysis now. the plant will be down for couple weeks. we took the plant down safely. all of the employees did a great job of managing the situation. right now that transformer is the way the power gets to the grid so plant come back on line. >> it looks like when you put new plants up even though nuclear is cheaper, you are going natural gas. that's the way you're going with the plants. >> yeah with the plants we're
6:55 pm
putting in place we have to do them relatively quickly. we are replacing ageing infrastructure because 75% of the non-nuclear fleet in the south is over 30 years old so we have to replace those child while we meet the load growth. we can't take ten years to build a new plant we got to do it in three. >> what's the new coal or nuclear in this country. >> i would say i think right now it is hard toer build a coal than nuclear plant. >> isn't that something. >> we have virtually nothing in the coal space. >> williams partners today, i keep waiting for the gigantic consolidation utilities, is it not going to happen in our lifetime. >> it is happening. consolidation doesn't happen as quickly because the regulatory
6:56 pm
process is so difficult to over come with the fed and state and local processes you have to go through. that makes it a long time to get the transactions done, not that they don't make sense but that they are really hard to close. if it takes 18 or 24 months to close a deal a lot could happen. >> we want growth and income and your company is giving it to us. ceo of energy. 4.5% yielder that's what we're looking for to try to build income. stay with cramer. ♪ ♪ ♪ (undnder loud music) this is the place. ♪ ♪ ♪ eir beard salve is made from ♪ ♪ ♪ sustainable tea tree oil and kale... you, my friend, recognize when a trend has reached critical mass.
6:57 pm
yes, when others focus on one thing you see what's coming next. you see opportunity. that's what a type e* does. and so it begins. with e*trade's investing insights center, you can spot trends before they become trendy. e*trade. opportunity is everywhere. i'd like to put in my 15-year notice. you're quitting!? technically retiring, sir. with a little help from my state farm agent, i plan to retire in 15 years. wow. you're totally blindsiding me here. whose going to manage your accounts? this is a devastating blow i was not prepared for. take charge of your retirement. talk to a state farm agent today.
6:58 pm
6:59 pm
strong can take you... all the way to the summit. oh my! so cool! think what strong can do for you. can i play too? at&t's network has the nation's strongest 4g lte signal. those who expect cisco to blow right through to 32 just have some patience this is a really good quarter and chuck roberts going to continue many good quarters. the stock is a strong buy. shake shack, they really deliver the numbers. understand this stock is heavily shorted so will be all over the map but congratulations to all the good people there because that was some great quarter. right here at mad money i'm jim cramer andly see you tomorrow.
7:00 pm
lemonis: tonight on "the profit"... -that was pretty good. -mike: [ laughs ] lemonis: ...a custom drum company can't find the rhythm to meet supply and demand. mike: our turnaround time is six to seven months. -lemonis: six to seven months? -mike: yeah. that's created a backlog of unpaid bills and serious cash-flow problems. chris: we don't have enough money to cover payroll for next week. lemonis: i mean, you're kind of closed. chris: yeah. lemonis: the owner and his right-hand man are out of sync. louie: the lack of communication, i think between chris and mike it's like -- it's just...exactly. lemonis: and the two brothers who started this business have split up... scott: what did i ever do to you? mike: i really don't want to get into all that. lemonis: ...causing a whole nother layer of crippling issues. if they can't fix their process and their relationship... mike: fixing the business and this [bleep] is hard enough. lemonis: ...they'll be forced to close their doors forever.
130 Views
IN COLLECTIONS
CNBC Television Archive Television Archive News Search ServiceUploaded by TV Archive on