about big context. so i like the space. i like that name. >> gee? >> interesting quarter out of nuance. had been dead in the water for a while but feels like it wants to break 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. 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 save you money. my job is not just to entertain but put it in context so call me at 1-800-743-cnbc or tweet me @jim cramer. could we be headed into a murky slow dowd in the not too distant future? the idea is absurd but it's what

people were discussing today even as the dow climbed. the s&p jumped 4.9%. we rallied today because people interpreted the horrendous terrorist event in paris as something that will slow the world's growth further, costing the feds not to raise rate this is year. the hope that the feds on hold turn the market down big. the futures were off last night. having a huge day despite the tragedy in europe. the pajama traders got it wrong. today's action was a relief rally that perhaps the fed sees what we see. the big roll over happening in manufacturing, industrial and retail portions of the economy. let's start with basic industry. steel, metal. have you seen u.s. steel lately?

down 63% for the year. 63. with one of the biggest markets being shut out by low oil prices and with the chinese endlessly dumping steel around the world. companies underneath him will have a hard time making it. there is an oil and gas company ak steel holding down for the year. copper prices plummeting in oil and gas doing poorly. stock based on hope that china comes back online and the fed does nothing. caterpillar is an amazing stock as well as cummings. the stocks are down. the industrial sector is in trouble. same with joy global down 66%.

i can barely bring myself to talk about coal and iron. it was thrilling to hear the hedge funds tighten, einhorn made a stand on con sol energy, a coal company which had the stock up more than 7% today. that's more than 76% for the year. the iron work company, casablanca, managed to install its own people at the top. that stock is down 62% for the year. alcoa, i'm in favor of breaking into commodity. an engineering company. that's what i call it. the stock is down nearly 48%. the chinese have too much aluminum. i'm arguing with kyle clinele feld who said the world needs more aluminum. alcoa stocks are saying otherwise. agriculture. down only 16% for the year. grain processor archer daniels.

mosaic down 26 and 28% respectively. fertilizer, potash down 42%. intrepid potash really less intrepid down 74%. ouch. all the weakness in the market is concentrated in the industry trals until you look at retail. do you know macy's is down 41% for the year. an astounding decline for them. the stock for nordstrom down and chico's. bed, bath and beyond down 30%. urban outfitters down 40%. not a welcome sign. especially when anthropologie just added a restaurant chain. it'sle real good. the only real activity. gap has fallen 40%. whole foods climbed a similar mountain. you don't get the spectacular

sell-offs for no reason. let's look at consumers reign it. walmart doesn't shed 33%. if the fed heard what i said would it tighten? would it matter? i don't know. today's rally says it wouldn't. oil and gas stocks were up. kindermorgan. the best of the best has fallen 43% this year. marathon down 37. range resources, an amazing natural gas re source down 35. ultra peat and southwestern energy down. these are amazing numbers. why aren't the averages down more for 2015? facebook, amazon, google, netflix have beaten projections. investors are sure the fed is going to raise rates. the banks do better in a higher rate environment. the big drug and food stops are

stabilizing. people think they will weather the storm of an economic downturn. there are a ton of positive special situations out there doing well. general electric shed some business. they want to grow 18% run-up. tom nant international company. we have the trend in autos peaking here. i put it out to remind people what's happening under today's robust trading. it's why the market would explode higher if the feds listen to what i said about the stock prices and what they are saying and said, you know what, we'll see you next year. it's why the people on twitter who pleaded, begged for a blessing to sell everything, how manile times did i see that tweet? i didn't give them a worder of encouragelement. here's the bottom line.

there is an ugly under belly that was today's rally was just an over sold prooef. more pain ahead unless the fed recognizes the areas of weakness in the real economy along with the soon to be weak remainder of the economy as it pushes rates up when it is obvious we are headed into a downturn for a large portion of the u.s. economy. alice in california. >> caller: hi, jim. thanks for all you do. my question is about blackstone. this past quarter was their first loss in four years. the stock is down around 8% since. for the long term holder, what do you think? >> i am not going to bet against really smart guys like blackstone. they have the best real estate minds, private equity mines. if i bet against them i have decided that guys who have been through thick and thin don't know what they are doing and

that's not the case. stick with blackstone. steve schwartzman is a bright guy. dave in i will noise. >> caller: professor cramer from the city of big shoulders and home to the chicago mercantile and options exchanges. >> true. >> caller: today the fda approved a new hemophilia drug. it will be the first drug marketed under the baxalta name since the spin off from baxter international earlier in june. a global biopharmaceutical leader delivering therapy to patients with orphan diseases they have multiple drugs and phase three trials for under served needs in hematology, immunology and oncology. jim, we know this is a challenging environment to be investing in of late. what are your thoughts? >> i like this company very much. i remember when it was spun off. i said watch this stuff. watch it. this company knows what it's

doing. i went over the things you did to teach about what a company does right. this is textbook. let's go to john in pennsylvania. john? >> caller: boo-yah from philadelphia. i'm asking a question about shake shack. they are going to sell 26 million shares. the stock is over valued. growing into its market cap. right now it's too expensive for my tastes. i just can't get my arms around how to value it per store versus, for instance, what east easterbrook is doing at mcdonald's. they are night and day but easterbrook has real game. today was a good day. i believe there are things happening beneath the tape that you don't see. there could be more damage to come if the fed doesn't say we are on hold. big moves in the travel world.

trying to make a move for westin. and i have more on netflix, alphab alphabet. what's behind these market darlings? what's happening? i'm getting answers. stick with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. tweet cramer, # madtweets. send an e-mail to madmoney@cnbc.com or call 1-800-743-cnbc. miss something? head to madmoney.cnbc.com.

this morning we got big news. we learned marriott is buying star woods, house of sheraton, westin, st. regis among others. $12 million in a difficult to understand transaction. starwood was trying to sell itself for some time but the deal is confusing. the merger will create the largest hotel company. it's a colossus.

starwoods is under valued. the shareholders get $2 for each stare of starwood. normally in a take over you expect the target stock to go higher or why would management ex-accept the bid? i'm thrilled to have the president and ceo of marriott and adam aaron of starwood here to help us understand the deal. welcome to "mad money." >> thank you. glad to be here. >> why don't you tell me why your stock went up and his went down which seems to be the rhettcally impossible given the fact you are giving him the stock. >> don't make me into a market expert. i'm not. i run hotels. >> we can pull the companies together. we can get revenue synergies, deliver a margin improvement for

owners and franchisee, get a dominant company in tlief style space with more to spend on consumer technology to help compete with new entrants into the industry which is all positive. >> fritz left and the stock was 7.58. why is this better than the company he left you and why should people hold on into the combined entity. >> we made progress on a number of fronts. growing much faster than before. we cut costs, reinvigorated the brands, added brands. we got much more assets spinning off in the past and contemplated transactions. 2.3 billion dollars of assets. but when we looked at the industry going forward we think size matters. when we had the opportunity at starwood to combine with marriott to jointly create under

arnie's -- the highly able leadership, the biggest hotel company in the world by a wide margin, we knew tstrategically t was a great fit. then the question is what price do we get for starwood shareholders. we thought we got a spectacular outcome. not well understood today because the transaction is pretty complex. >> it is complex. >> there are four tichbt components to the share price. we think it is far superior to a stand alone case. maybe i should walk you through it. >> please do. my attitude was i thought you were doing a great job. if there was no bid maybe it would be higher. >> we are getting .9 for each starwood share getting .92 marriott shares. if you look at today's close you

get an additional $2 in cash. $70. they get the value of the spinoff of the timeshare business which would occur preclosing. that's another $6 or $7. now we are up to $76, $77. but there is something more important. we sold for stock, not cash. 37% of the combined marriott, starwood entity. when you look at the revenue synergies and the cost synergies that will arise from putting the companies together, they are huge, divide those back across the shares. this is by far the best way we can grow the share price above where it was trading a few weeks ago but where we were trading nine months ago and higher still. >> now there are questions about whether this means the cycle is

peaking or you needed to do a deal in order to grow both travel could slow down, china. maybe now europe. also because of air bnb. the challenge is necessitating this transaction. the reason we were not aggressive early in the process, these things are going well at marriott. we have momentum, great brands with great demand from the owns and franchisees. we are growing around the world. we see a number of years still of good prominent growth ahead. one of the questions was, okay, do we really want to step into this. $13 billion acquisition. all the integration work associated with it. because our base case is a good one. >> do you want all that china? >> absolutely we do.

>> why? something turning there? >> we think long term and you don't make decisions like this based on what you think will happen next quarter. long term we think the global travel trends are powerful. we have talked about this before. you looked at the way they were years ago to 2013. there were 650 million people traveling in one week. that's because for the first time they have resources that permit them to travel. where do they want to go besides china? to the destinations they have heard about. europe, the united states, elsewhere. if we can have more brands, more places for them to stay at brands that are familiar to them with loyalty programs, sbg and marriott rewards that are stronger and connected to them we think it is well worth the effort. in fact, we think it is compelling. >> air bnb really not a factor? >> not at all in this transaction.

the companies are coming together. 1.1 million hotel rooms. 55 5500 hotels in 30 brands in a hundred countries. starwood will be larger than the next largest hotel company in the industry. we are creating a company with nor use economies of scale. the wref new synergies, cost synergies are dramatic as we put the companies together. that's what starwood was buying into. our shareholders would own 37% of that company that would be a much stronger company than either of ours individually. each of the companies individually is a strong company today. >> let me ask you. both of you are optimists. i know you are working and how you are in real life. there is a funk now going on.

>> part of that's our political process. >> it is, isn't it. >> you've got oddly the democrats are in power obviously in the white house. real issues around wage stagnation, income in equality and these things, they are talking down the economic progress. >> it is easy to get a hotel room. i never called you once to get a staint regis. boy, you can't get in to a lot of the good properties. >> right. >> the republicans are out of power. so they have to say everything is not good. things are better than we give credit for. >> thank you. i know your properties and i know i have stayed at both and i wish it were easier to get a hotel reservation. thanks for coming.

it's terrific. i appreciate it. my trust owns this thing and we thought it was ridiculous what happened today. ridiculous. we could be wrong. we're not going to be wrong long term. adam aron and arnie sorenson. good to talk to you. >> coming up. super conductor? under the hood hardware for the devices we use in our everyday lives. could the company continue to power up or is this chip maker in need of a reboot? cramer has the exclusive with the ceo just ahead.

to anyone who can't handle a little downturn in a high quality high growth stock allow me to use today's rally to make a point. any stock can go down a bit when the market is getting hammered. any stock. yes, even fang. my acronym for facebook, amazon, netflix and google, now alpha t alphabet. i was struck by the fact that there are few stocks that have held up in the selling we have been going through. those names also took a hit last week causing people to freak out on twitter in my mentions column where every third entry lamented

they lost money with the four. i say if you own fang you need to think long term. if you can't take points of down side you need to rethink your approach to the market. it makes sense that they can go higher. in this economy you want stocks that can rally regardless of gross domestic product growth or whether they decide to raise rates n. a bad enough market they will get hit. they are stocks for heaven's sake. facebook put up an amazing plus 40% growth when it reported earlier this month. that was astounding given the size of the enterprise. i think the company is just scratching the surface of the earnings power given the content is made for nothing and the advertisers are clamoring to give the advertisers money. facebook works better on mobile than the computer. i think the growth is in its infancy. easy to imagine facebook at $4 a share in 2017 which is how far

you have to think about this. should the stock with a 40% growth rate be trading at 20% of the 2017 earnings? it deserves to be higher. amazon. now the winner in a moment where bricks and mortar feels like a show room to the company. at one time it was best buy that was the show room. now macy's, nordstrom stymied by the lack of traffic how do we think anything but amazon is taking the share. you look at the goods with your cell phone and order them. i've done it, you did it. acts of terrorism don't embolden people to go shopping. it should be an amazon christmas. cynical way to think of it. netflix was down on news time warner might buy them and hulu. but could hulu cut into the growth of this company? i don't think so. stock bounced back today. google is another hand held application. so much has been exploited.

i wonder what the company will do with youtube. can't they think bigger? what's the deal? alphabet will do so eventually. even if it's been a failure so far in my opinion. i don't think you can say that. what's the deal? i gave you reasons to like the stocks. why would they go down? the shareholders. my twitter feed was discouraging. when you see the panic when every one of the stocks goes down a couple of bucks there are too many people who don't understand the concept of what a stock is. companies probably don't know that either. you can have a good company with a stock that goes lower. facebook, amazon, netflix and alpha, great prospects but the market is selling off. they can't transcend the pull. i'm the biggest champion of fang out there but the stocks can't stay up forever in the market goes lower. it's a tide and it can carry

away the most powerful boats including these battleships which are the ultimate in stalwarts lately. if you sold them into weakness, i'll bet you are regretting it today. if you're a worrywart ready to fret about every four or five point hit. ring the register and move on. anyone who can't take short term pain doesn't be long in this kind of stock. use today's rallily to sell on strength tomorrow and move your money into an index fund. for all those who own all four, you should call in on wednesday. we play "am i diversified" and i will explain how you are owning one stock in four different guises. alex. >> caller: thanks for taking my call. >> of course. >> caller: i established a position in dollar general a while back. since then it's been down 10%. it was an opportunity to buy more stock. i wanted your take on the situation. let you think of dollar general. >> i have to tell you, i have no

edge about what's going to turn the stock around. no edge at all. the group is just really, let's say, in free fall. it stabilized today. goes up tomorrow when an analyst rerecommends. i don't trust the dollar stores. walmart is taking it to them. let's go to tapin in michigan. >> caller: i want to ask about walmart and your thoughts after the christmas sales. >> i think walmart has decided it is not going to earn a lot of money so what you need to do is sell into strength. you've got a little bit today. i think walmart is dead money. even fang can lose its vipers. facebook, amazon, netflix and google -- now alphabet -- have good prospects. you shouldn't sell them unless you can't handle pain. more ahead. does spirit airlines need savings after the analyst reports? i'm giving the ceo the floor. and everything from the am watch

to the new sam sung phone. it's up more than 30% year to date. i will ask the ceo of integrated technology if they can keep going higher and the lightning round. a special edition, of course. stick with cramer.

have they been punished enough? they are adding too much capacity. something to the vicious price wars of the old days fluchlz we last spoke to the spirit ceo three weeks ago. the quarter was better than expected numbers. suboptimal line items but the stock plunged 8% in one day. since then spirit continues to move lower down 3% since the post quarter interview in october. maybe the analysts who follow spirit are you concerned about the ability to generate earnings growth. but the doubters don't understand the story. remember back before airline mergers. spirit was the company that was consistently profitable because

of the ultra low cost business model where they give you the lowe lowest fares you and charge you for everything else. spirit was a groult airline back then. those were the days when the price of oil was around $100 a barrel. now $42. spirit has fallen from 85 to 33. we have to take a closer look at the president and ceo of spirit airlines to explain why the analysts are too negative. ben, welcome back. >> thank you, jim. it's always good to be back. i appreciate it. >> this is a narrative we have to straighten out. i have to tell you. i go back to the october conference call. you said you expect the year over year revenues to decline and the fourth quarter to be greater than the revenue decline experienced in the third quarter and it freaked people out. i wonder if the analysts are wrong or the guidance was misinterpreted. >> i think there are a couple of things going on.

obviously the stock has taken a big hit over the last year. industry collapsed because there is a lot of capacity. carriers, high cost and low cost carriers are growing which creates more seats to be filled and lower prices. one thing people are missing including folks on the street i would say is our model is inherently unit revenue diluted. we put seat s on the planes, fly more hours per day and we don't look at unit revenue as the key metric most do. we look at margin and return on investment capital. if you look at the fundamentals of spirit right now, jim, they are stronger than they have been. we are carrying more customers than ever before. our assumable market is bigger than before. the costs are lower and getting even lower so the reality is we are still -- we still have the growth we had before and the growth is acreating greatly and the company is putting up good numbers. we know the multiple would be

back. right now we think the people are over weighted on the one unit revenue metric for the detriment of missing the growth and cost story. >> that's a good point. i have seen retailers, for instance, try to explain how they are making so much more money than everybody else, but the same store sales may not be that good. the truth is your model is so different that it isn't -- you're really not making up a reason to buy the stock. you have a very specific model that comes to a new city and it doesn't take necessarily travellers away from business. it adds to travellers entirely. other airlines have tried to dilute that message and that's really hurting. >> i think that's exactly right. we have airlines out there saying look at spirit's market share. doesn't that mean they are taking customers. really, what that's conflating is our share of customers and taking customers from other airlines. if you're running an airline and

you carry 800 customers a day in a market and you have 100% share and i come in and lower the price and 200 more people fly and i carry most of them, i'm going to have almost 20% share in the market but you are still carrying even you used to carry. you may say spirit has almost 20%. they must be taking my customers. crazy. >> the people who follow you are sophisticated people. if you had to try to describe it to our individual investorings who are longer term, how would you say we should not worry about 2016 the way everyone seems to be fretting about? >> if you look at historically at other growth companies in our industry you can take southwest, other companies from other industries. if you look over a longer period it's not uncommon to find maybe a 12-month period where e ps didn't keep up with earnings growth. i'm sorry, eps didn't keep up with capacity growth, i mean. but the reality is spirit from our ipo in 2011.

we have sold ourselves to investors as a 15 to 20% growth story with mid teen margins. we have been able to over earn that thanks to lower fuel and lower capacity in the industry. but we still think that story is really credibly intact. in fact, like i said earlier the fundamentals are stronger than v. if you are interested in the company that's growing 15 to 20% a year and posting those mid teens or higher when we can margins, we still think the fundamentals look great for spirit. >> in the last months, ever since that great employment number we have seen industries had to turn down. we have seen retailers saying really negative things. the retailers, are they any read dlu to spirit? >> yes we don't think so. we have to remember we carry only the most comod tiezed piece of the sector. we only sell low fares, not high. if there is weakness in demand

at the high fare level we would not see it in our bookings. retail weakness or strength doesn't necessarily correlate to travel strength in the commodity sector of things. right now we are seeing strong demand for low fares. many airlines are able to benefit from that now since low fuel prices other airlines selle low fares as well. there are people traveling because fares are low. i don't think there's been a year that's been as powerfulle for showing how dramatic low fares are in terms of generating lots of volume and the travel and airline industry is seeing it now. >> i'm glad you came back. look. at a certain point every stock can get the price just seems right to me. your stock has been over punished so it's ridiculous. i'm glad you came back. president and ceo of spirit airlines. good to see you. >> great to be with you. >> it's not just everything goes down all the time. spirit has gotten too cheap.

"mad money" is back after the break.

lightning round presented by td ameritrade. >> it is time!

it is time for the lightning round. cramer's "mad money." you say the name of a stock, i tell you whether to buy or sell. play that sound and the lightning round is over. are you ready ski daddy? tom in new york. tom. >> caller: hello, cramer. boo-yah! >> boo-yah. >> caller: i love your show. how is miguel doing these days? >> i had a fabulous time at the birthday party. what's going on? what's going on? >> caller: hey, boo-yah, jim. >> which one? >> caller: ari, apollo commercial. >> it's got a high yield. i see the stocks, i get nervous. dave in colorado. dave.

jim, greetings from colorado. very high yield. defensible and growing. what do you think? >> they missed the quarter. they came back and i like it. yield is more than 4%. barry, i got hurt on it when they missed the quarter. i do think it is a good situation. m.j. in texas. >> caller: boo-yah, jim. >> boo-yah. >> my question is on imax? >> i think it's right. they have a good thing. china initiative is excellent. mark in new york. mark. >> caller: oh, jim. boo-yah! >> boo-yah. >> caller: okay. first of all, i want to say a prayer to the people affected by the paris attack. i want to say i'm thankful for you and the crew. >> thank you. >> caller: doing a great job. you work hard. that spells success. >> thank you. >> caller: today i would like to talk about harris corporation.

>> so inexpensive. it's in the right spot. >> buy, buy, buy. >> that stock should have been been up more today. bill in south carolina. bill. >> caller: hey, jim. bill from south carolina but originally from brooklyn. >> there you go. >> let's listen to what home depot says. it's too early. why not use that information to get a better picture. anthony in new york. >> caller: how you doing? l brands. >> the one that i think is right. i buy some before and after. they preannounced business is good. he does a great job. jeff in florida, jeff. >> caller: boo-yah, jim. >> boo-yah. >> caller: i have owned boeing over ten years. i'm up 278%. should i buy, sell -- >> i just want you to hold it. it's a great long-term hold.

i believe there will be aerospace traffic, the ten-year plan laid out on the show. the former ceo is still good to go. olga in texas. >> caller: hi, jim. this is olga calling from dallas-ft. worth in texas. thank you for taking my call. >> of course. >> caller: i have been investing for quite some time as a realtor in real estate. i'm always looking for ways to diversify. i have some divisipositions in and we are looking into retail since many have dropped significantly. what do you think of nordstrom? >>. >> it's a ridiculous over reaction. i don't like what they said on the quarter and they didn't see why things went wrong. i bet it will be higher. ladies and gentlemen, that's the conclusion of the lightning round. [ buzzer ] >> announcer: lightning round sponsors by td ameritrade. , oth me move stuff, what are you working on? let me show you. okay.

our thinkorswim trading platform aggregates all the options data you need in one place that lets you visualize that information for any options series. okay, cool. hang on a second. you can even see the anticipated range of a stock expecting earnings. impressive... what's up, tim? for all the confidence you need. td ameritrade. you got this.

the semi conductor stocks today. remember the older, more value oriented chip makers are performing well. take integrated device technology. that's a developer of low power high performance chips for a host of the markets like next generation communications infrastructure. high performance computing. power management, clock timing. the stock is up 32% year to date. the index is down 5.

it's been climbing for a simple reason. idti is doing well. it's executiexecuting. top and bottom line driven by the strength and communications in wireless with expanding margins and management increasing by $300 million to bring it to $530 million or 14% of idti's market cap. that's huge. even to continue working it's given us a 12% gain. that was six months ago. shares trading a bit less than a point off the 52-week high. let's take a closer look with the president and ceo of integrated device technology to learn more about where the company is headed. welcome back to "mad money." >> thanks, jim. good to be back. >> you did a remarkable quarter. a lot of it is things you have invented. can you tell us about the things you guys have created in the last couple of years that are responsible for this earnings

breakout. >> yeah. it's been a great year from a product perspective. if i were to describe a little bit about the idt culture, we'd like to think we bring an operational and financial excellence the way we approach business. but this is a product company with a product culture. for instance, since the last six months we spoke, we did ramp these new technologies and wireless charging in the middle of the most main stream, some of the most main stream smartphones, pc monitors, gaming sets in the world. the data center which represents half of our business, we have introduced more new products in the area in the past 12 months than we have for the past couple of years, as a matter of fact. the communications infrastructure business which has been a little bit down from a global market perspective, we continue to outperform the market in that area. all in all it's been a terrific last six months for new products. >> some of the products including an ikea device.

i asked younger people what do you know about wireless technology. one guy said it's based on solar. another guy said it doesn't work on phones. i said i would ask you what is wireless technology and how does it work. >> wireless charging technology it's like the early days of blue tooth where you started to get rid of wires for short range communications. wireless charging is the same thing. ate lows you in a consumer device whether a smartphone, tablet, p.c. or any device like a gaming station to basically cut the cord. you can either charge the battery or get power to the device without wires. some of the obvious implications of that are technology in high volume smartphones which is a successful year for us and the industry is that starting to roll. i think you will see in the next 12 to 24 months an explosion of the types of applications that

can use a wireless charging technology. we have this stuff designed into cameras into an ikea lamp you have in the studio. right now, we introduced some new mass market kits and promotions through likely the hack-a-thon if you will. there are over 200 registered new designs coming in and the wildest different most applications you can think of. >> you also did something amazing. you diversified away and bought a german company which apparently many of us don't know it because it's private, it will get you into another source of applications that make it so you are not months taj to the devices we talk about. >> we did. we are very excited about this. if you look at where we focused the company, one of the reasons you were kind enough to point out the outperformance of the company versus the rest of the industry, we are experts in the class of technology that we would call analog mixed signal which puts us into the data

center, communications infrastructure. we basically power the mobile internet and all of the stuff people don't see. for instance, every 4-g call goes through a set of phones. most of the data processing and cloud data apes being prods through idt devices n. consumer we have the wireless charging area. but what the company does in zdmi they are experts in the analog mixed signal. they put it in the middle of the advanced automotive electronics recognizing a fourth avenue of growth. if you look at the markets would present an opportunity for future growth. we have just planted ourselves in in the middle of the advanced car industry. >> one last question. you made the acquisition. you are buying back a ton of stock including more than cash on hand. is it prudent to do that? are you confident about the future? >> i think it's prudent and something that's just walking the talk of what we mentioned in

your show before as well as the commitment to the shareholders. we have a free cash flow performance of a company. we are a small cap that rivals the very best of the large cap companies. our last trailing 4th quarter of free cash flow was 27% and climbing. we have a stated goal of 30%. we are generating more cash now than we need to run the company. we said for some time we are committed to share buy backs and we have been buying back steadily for more than the past 18 months. we did, as you mention, just reauthorize another $300 million. we are accelerating the share buy back as we speak. >> it's been done well. well below market. greg waters of integrated device technology. one of the best ones we follow. thank you, greg. >> thanks, jim. >> better technology, better products, better buyback. idti. stick with cramer. smart devices are up. cloud is up.

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♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ i had the privilege this morning to interview catherine grover, a me dal of honor recipient. he rang the opening bell. this is a man who embodies everything that we want our kids to be. everything we want to be. he's a regular guy who he said was doing his job. i like to say there is always a bull market somewhere. i promise to find it for you on "mad money." i'm jim cramer. see you tomorrow. lemonis: tonight, on "the profit,"

a chain on pet supply stores specializes in wholesome food. lisa: our biggest thing is the nutrition for the pets. lemonis: but the business is anything but healthy. giovanni: it's embarrassing. i'm right back to where we started. lemonis: the stores need an overhaul. -this how you manage inventory? -giovanni: yeah. -lisa: yeah, i mean -- -giovanni: this is our weakness. lemonis: the employees need leadership. i've never been to a meeting where there's no agenda. giovanni: i think you're being a little unfair with how this process goes. lemonis: and the owners need to lose their self-righteous attitude. as a retailer, you have an obligation to deliver the consumer the choice to make that decision on their own and not for them. giovanni: oh, my gosh, that -- i'm -- lemonis: if these owners can't take control, their dream of creating a retail empire will go to the dogs.