tv Mad Money CNBC March 24, 2016 6:00pm-7:01pm EDT
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>> remember, tomorrow's good friday so the markets are closed. we'll see you back here monday at 5:00. don't go anywhere, "mad money" with jim cramer starts right now. have a great weekend. great wee. \s my miss is simple, to make you money. i'm here to level the playing field for all investor. i problem to help you find the bull market. "mad money" starts right now. i'm just trying to make you money. my job is to educate and teach you. call me or tweet me. let's cut right to the chase. a couple days ago, some federal reserve officials direct slur broke ranks with the chairwok, making it clear they don't believe the fed is moving fast
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enough. ever since we've been going down the hill. dow only closing up 13 points. nasdaq advancing 1.0%. it was not a nice day. this mini-revolt is a strat city. how the heck is the economy going to get stronger? how do we protect investments that three officials are able to upend. this is the offensive coordinator calling for a pass after the held coach dialed up a run play. this newt my to me is inexplicable. you simply can't confuse people like this. i had grown more positive because of her wonds. >> she gave you the directive meant that the dollar might be due for rest, stop being so super-freaking strong.
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these fed officials are so at odds, who wants to take any risk whatsoever? i'm not against free speech. i'm simply against anarchy. that's exactly what these recent discordant statements provoke. so there's nothing more self-defeating than when different factions in the fed are sending mixed signals. i can't stress how important this is, because next week we get the labor department's non-farm payroll report and if it's strong, we will get hammered. that's the takeaway. that's why i'm starting this plan with this friday's labor report. if we gets lots of jobs created, more than we're looking for, the dollar will soar. if the dollar soars, this market will give up much of the gains that have been generated since the bottom in the week of february when the dollar started getting softer.
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will give up what meager gains they have made this year. hencewise, i can't be simply as positive. if you into is your views in large part on federal reserve policy, which is perhaps the most important input and change from week to week, then all hopes of calculated risk can vanish. that make we want to pull my horns a tad from the long return from when our checklist said things are good enough, and not sell the rips. we're close enough to the highs for the year that i'm more concerned about the direction of this market than i have been for some time because of the noisy fed. fortunately next week is a quiet week. when you come in on monday you'll hear more about this challenge to the yahoo board, the activist board with a darn good record. it wants to replace its own people to unlock the hidden worth. i don't know whether they'll win the proxy ballots. but i do know yahoo! would do well to put rick hill on the board immediately.
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close followers of "mad money" recognize that hill maid fortens to viewers, first at the kreismt off of lamb rvrn and they got a takeover bid on top of that for almost a 30% premium, then joined the board of tesla as a -- and got a triple there. he can do the same with yahoo!. i urge them to welcome rick hill with open arms and empower him the len gnarl, one of the biggest home builders reports on tuesday. judging but the market 'reaction it may not matter if the len gnarl is lights out. you know, i want to be constructive, but geez, look what happens, it could happen len gnarl. rest rae hard way caused the stock to remain in a free fall.
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now it's at 37. maybe management can say something, anything to reverse the direction of a stock that quood to be among the hottest. we need to be sharper execution to get this one going again. final tuesday event, talk about shark excuse of the 3m analyst meeting. this is a company you want to own. the ceo is truly a real deal. having accelerated the company's earnings and revenues while boosting the dividend and buys back stock with alacrity. i think the story will be great. you might have seen ceo tirico last night, even as we no, apparel has soft. that's how a stock goes up 7% in a single session. pvh, amazing. so will be replicated. lululemon reports next wednesday, and i'm fretting.
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i love the long-term outlook, but it seems to be of more of an apparel outliar for a moment it's hard to tell. after the close wednesday micron, woe is me. and expect this company to post a terrible number. and they're -- more personal computers than oil. if you get bei don't want the pc, it's n xmt pi. you know what i mean. thursday the company with one of the best acting stocks in this entire market, nasdaq, holds an analyst meeting. i have to tell you they exchange stocks are smoking hot. and good demonstration worth of the software, somehow i know
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there's value in that company, because it's so hated. it's -- it's so bad that it's good, so to speak? any the end let's accept that blackberry's products have been crushed by the smartphone. i wonder at what point there's so much cash that someone will just buy the company for that -- the stash of cash, and for the intellectual property. which brings us back to the friday's number, an even vent that controls everything from the actual maimstream businesses. never forget that all rates go up when the fed raises interest rates, so here's the bottom line. it is very tough to make money in a week when you know it can all by washed away by a couple unelected fed heads disagreeing with the position of the board, a illustrate thatted position that was so good for shareholders. it's pretty simple. my optimism will be strong if the fed stops talking, but if
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these mutenous officials keep straying off the reservation and going rogue, let's say it's more difficult to be positive. francis in new york, france? >> caller: hello, mr. cramer. thank you for your unending help and knowledge. you've educated me a lot to make a lot of stock buys that made my finances in retirement much, much better. >> thank you so much. >> my dilemma is this. it's a good dilemma. i have a large sum of at&t shares and my gain is 16.5%. my conflict is to take the large capital gain or keep holding the shares, because i get a very good dividend every three months, which is part of my income in retirement. >> well, francis, i've got to tell you thank you for the kind words. i would definitely state the course with at&t. i think it's a fine stock. i think you're right to want that income. i wouldn't do the thing. i care where stock is going, not where it's coming from. i think you're in good shape.
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al in massachusetts, al? >> caller: hey, jim, thank you for your program, but i had some questions about solar city, about the volatility in the market right now is bouncing back, or signs of it bouncing back? >> which one? solar city? that's sup a complicated story, sir. it really has nothing to do with anything other than the fact -- let's put it this way it's not levered to nix. it seems no matter what the company does people say if it's the right solar play, and they all should be gravitating toward first solar. >> gary, you're up. >> caller: thank you. my question, jim, quickly is dell's buyout of emc is starting to smell like fish remains to me. i don't understand why savvy investors like george soros and warren buffett are buying the
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stock in a $26 or $27 range and then are facing a settlement option of $24.05 a share. they cost customarily buy into losses. there has to be more on this story, and i'm hoping you will give me your take on this? >> i just know you're going to get basically what you have here. and the actual terms of the deal i don't have in front of me, but no, that's just doing an arbitrage. we want to find the next emc, mean the company that might get a bid. i like the meg whitman hp, hp enterprise, i think that's a decent analogous situation. yeah, we got to a bit of curb your enthusiasm. some of the fed members have strayed off the reservation. so you've got the game plan, a lot more "mad money" ahead, including the one document i hope the fed doesn't get its hands on. i'm completing my bracket of
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the elite eight ceos. i've got pretty good picks for you on twitter. did you make the right call? a company on a mission to take over the snack aisle, one of the fasters growing brands inside the grocery store is just ahead. stick with cramer. coming up, we've come a lop way since the wii. the virtual immerses the player into a 360-degree virtual world. seasonal the beginning of a new era in gaming? cramer enters a new dimension just ahead. don't miss a second of "mad money." follow @j.p.cramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail or give us a call at 1-800-743-cnbc. miss something?
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reserve -- ♪ who now want to raise interest rates immediately after the fed toll us rates would be on hold for some time just last week. [ booing ] >> please don't read the kb home call, because you'll want to tighten four times thissee. they're a national home, metro did nevada and texas and other states. those of us who follow this industry know that it's this home builder is perhaps the most notorious of the west coast bottom/bust builders. to a peak of $84 in 2005, and then plunging as low as $5 to the depths of the great recession in 2009. they keptly rallied to $25 in 2013 as the housing market rebounded, but the stock has pulled back and cut in half,
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down to 14. yep, this is the coiled and flattened spring of the group right now because of the heavy emphasis in the bay area, the coil is spripging strong her and better than expected quarter yesterday was a downright astonishing bring the house down number. not only did kb homes see 23% growth in deliveries, sizable year, but it gave a rosy forecast. he said in the conference call, and i quote while it's still early, we are encouraged by the steady demand we are seeing and optimistic as we continue to build backlog. what is worrisome? what am i fearful of? this is only a 1.4 billion company. it doesn't have the reach of other, but they have seen labor constraints and rising costs from framing to concareer, as metzger told the analysts, and i quote -- there's definitely a shortage of labor and it rather around the system. the bay area seems particularly stretched and worrisome.
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metzger told us -- i don't think you're anywhere near a bubble price, certainly not at the price points we're playing at, but then he quickly added, sad to say, but $1.5 million is an affordable how in the bay area right now. ouch. hopefully a thoughtful fed member would listen to the entire call and discover a softs in in the entire part of the country, namely houston. the rest of the country seems pretty much in control, so it's not like we're seeing a nationwide spiral, plus dread remains consistent, which means consistently tight, with money not being lent as nearly as freely as in the old days. you have to have good credit scores to get the money, about you with profit margins up, a shortage of labor varying, kb homes could be the poster child for the need to raise interest rates in order to cool off california's overheating economy. even if that would definitely would impede the rest of the company, or a national rate hike
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would be a mistake, but a mistake that several of the fed presidents seem eager to make. it's tough to cotton up to a homebuilder when the fed is tightening. as we were always admonished -- don't bite the vet. though it did back bike 9% of the shares this quarter, because the price of around $14 is so well below its $19.22% book value, it's really -- that buying back shares is incredibly additive to the earnings. here's the bottom line -- i think the most heavily constrainedi a logical takeover target for invite major home builders. here as the issue in a nutshell. you want to reap the benefits of higher earnings, but on the other hand you've got the fed, which could hear how strong the business here is, and crushed the opportunity with three rate hikes between now and december, with this inconsistent federal reserve, all i can say is, darn
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it, this one is too close to call. much more "mad money" ahead. the executives of mcdonald ales microsoft, ge and honeywell made the customer last night, who is is inclusive enough to make my list? have you seen skinny pop? one of the fasters-growing brands, the stock has struggled since the ipo. and a sneak peek at the technology transforming everything from gaming to real estate. get a glimpse of the future, people and stay with cramer.
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with march madness field being whittled down to the elite eight as of tomorrow, i think this is the perfect time to use the ncaa to help you learn about the stock market. you probably want to bet on terrific coaches, there's some incredibly equally good ceos, and i think they need to be acknowledged so you can buy their stocks into weakness, too. last night, i got started with my first four elite eight picks. david cody from honeywell, jeff immelt, and seatya nadella.
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indried nui has been the ceo of pepsico for almost ten years. he tenure at the helm is truly extraordinary. since taken over. aggressively moved into healthier snacks to be less salty and less fatty. she's cut billions in costs, but most important lly indra nooyi s transformed from a lumbers domestic company to a fast-growing powerhouse with focus on healthy snacks that the millennial can't get enough of. that's owned by my charitable
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trust, trying to build a sizable position, and if it would just come down. the sixth member how about howard shultz, founder and ceo of starbucks. he ran the company, but after he stepped back, the company started to stumble, so he returned to the ceo job. since he came back, the stock is up 535%, dramatically outperforming the s&p 500, which is up just 44%. when shultz left the company, there was concern that starbucks had expanded too rapidly resulting in a same-store sales slowdown, but he put starbucks back into a growth mode, and delivering fabulous comparable same-store sales. he's taking the brand to china, he got starbucks into the consumer packaged goods business acquired tea vana. most important, though, shultz understands the importance of technology.
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hey, most of them in the tech sector. i'll go so far to say a tech company that sells coffee, tea and food, consider the mobile platform which allows you to order and pay for phones and pick them up. nowadays pretty much every chain has something like this, but shultz was the innovator here, still ahead of anybody. oh, can i just add apropos of the starbucks ad in the newspapers today, that howard shultz does indeed represent the human face of capitalism? now you may find it absurd that that's a starbucks on every major block in the city. doesant it seem like it? there's a reason. the the reason there's so many locations, because there's so much demand. shultz's biggest problems his headache is through-put, and that is the kind of problem that any other ceo would kill for. who else belongs in our elite eight? someone young here. mark zuckerberg, the visionary founder, best conference call of
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the year so far. he turned a company into a $239 billion entity in just a dozen years, though when you put it that way, it's pretty impressive. since becoming public in may of to 12, facebook has rallied 179., and 56% gape in the s&p over the same period. people were concerned about how facebook would actually made money, but he's made doubters look like morans. facebook is perhaps the best mortgage started way for companies to advertise. remember, facebook owns your online identity. that is huge, boy, to advertisers love that. beyond that, he's shown real vision in making a series of acquisitions that were panned at the time that turned out to be brilliant. my kids don't like facebook anymore, but line instagram. hello. you know what, what'sup, and
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they're all going to seem like cheap deals. he's been consistently focused on growing the user base. that's when he starts to monetize it. it's a strategy that works very well. and despite being surprised initially by the rise of mobile, facebook has embraced mobile with gusto. 1.44 billion monthly mobile users, and even when the guy is out on paternity leave, they continue to produce results. he has a keen understanding of content, mobile, social and how they're all connected. i'm proud that my charitable stock into ultimate this stock almost $100 ago. and our final member of the elite eight, the 3m ceo. it's an impressive move for a conglomerate. let's not forget that it's up 3%. when he took over in 2012, he
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orchestrated a massive turnaround and revamp at 3m. for example, he streamlined and combined businesses, as part of the process he's also made a period of acquisitions, selling off divisions that no longer made sense, all within the company's overall on portfolio, plus engaged in health nmgs division which could result in the sale or sell-off of -- big analyst meeting next week. at the same time why you may think of 3m, it's become an innovation factory. they come up with popular new products, and that's how they actually get their organic growth. the company i thought was unwieldy, and -- but thanks to his vision, 3m has become a leaner, meaner conglomerate that's been able to turn itself around. clearly tulin graze, chess why they just authorized a $10
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billion buyback last month, gobbling up 10% of the shares while the stock is only three points after the highs, you know he'll be buying into any pugback. every year march madness, some high-quality teams gets bounced from the tournament early. by the same token, there are plenty of terrific ceos that didn't make the elite hate, but you have to give them honorable manipulation. tim cook apple, and all three are fine. just when we're talking about eight ceos, even if we end up leaving out a ton of execs. unlike the ncaa, the stock market here's the bottom line. management matters, and that's why i'm sticking with pepsico, starbucks, facebook, 3m, as the final four members of my elite eight ceos, and last night we asked you on social media to
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guess the second half of our elite eight bracket. we heard from a lot of you, but just like in the ncaa tournament, nobody got a perfect bracket, but iceberg gem came close. he tweeted zhukker birk bs tim cook, howard blank and howard shultz. he got two of our picks, one honorable messages, and another great ceo, so i say boo-yah, let's talk to michael in new york. michael! >> caller: hey, jim, boo-yah. >> boo-yah. >> caller: hey, may, anf, jeffries is old news, levine have men at club monaco. he released his new collection, new direction. it's different, and dare i say sophisticated. is it enough to turn the company? or is the stench of the cologne city lingering. >> i understand it's a bounce-back candidate, but if i'm in that area, look at pvh, l
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brand so consistent. i think there's better players. i'm going to start by saying what i should have said was target, which is a -- and brian cornel, jeremy, where my data living, in oregon. jeremy. >> caller: jim, thanks for taking my call. my question for you today is on okroger. i hold a long position. they have given us about 39 quarter of solid performance. 2015, they beat in just about all of their lop-term guide cran. currently at about 1 1/2 p.e. and 15.2, and 1.7 vls taking those into consideration, i think the company is in good shape. do i simply hold my position? >> here's the issue with kroger, tugly two. one people feel they bit out more than they could chew. second, the quarter was a bit slow from the previous ones, but el know what? they'll fix roundie's by we'rend and you'll be grateful you own
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kroger. should you be taking a bite of the company behind skinny pop? i'll talk with the ceo. plus the company betting big on virtual reality. i have an inside look. i'm going to give you a chance to check it out. and high-energy edecent of "the lightning round." stay with cramer. c'mon, bad guys. >> don't miss cramer, as he takes virtual reality to the next level. just ahead.
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is it finally time to start picking through the rubble of last year's broken ipos? some of the stocks that became public last year and imploded are starting to get some traction. amplify snack brands, the better for you snack foods like skinny pop popcorn, and paqui tortilla chips. amplify ip ovmt'd at an inopportune times. something went out of style. that's the main reason the stock
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plunged, it was cut in half from the ipo price. however in the last couple months has rebounded with a vengeance, shooting back up to 13 and change, in part thanks to the fact that they reported better than expected quarter, a fabulous full-year guidance, amazing 40% clip. i think the stop seems very cheaper, and let's not forget the big package food companies, like this one, so why don't we take a closer look with the president and ceo of amplify snack brands, mr. ennis, welcome to "mad money." good to see you, sir. have a seat tom, i have to tell you, i've done the food business in a lot of my life. when i see a company like this, the first i say is the stock got cut in half. you're making a lot of money. >> yeah, we're a great business, right? >> it's not just a brand. it's not a great brand, it's a great business. we have great margins, great eye bit today.
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we have the whole deal. >> i think that you got -- this is -- you're one of reasons -- there's a belief that the companies just aren't -- the market is overvalued, overheated, but your growth rate and what i thought was most important, the historical growth metrics are the best in the industry of all the natural and organics. >> right. jim, we're taking advantage of two of the biggest megatrends in food. >> it's snacking and better for you. you put the two things together and it's pretty much magic. consumers are snacking more and more of. four, five, six times a day, it's a way of life and they care about what they're eating. >> -- look, it's non-gmo, gluten-free, and also keg low fattening? you have to do portion control even though it's organic and natural. >> we think consumers have moved on from thinking about dietary restriction. what they really want are clean,
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simple, transparent ingredients. they'll manage their calories, but they want to know it's important to them what they're putting in their bodies. >> you're an entrepreneur, and we're trying to celebrate entrepreneurism on the show. how do you get into one of these stores? you can't just knock on the door of a whole foods and go, how do you get started? >> with el do that, but a lot of times it's getting in that one door. >> how? whose door did you knock on? >> it was really the entrepreneurs, the founders of skinny pop started small with places like walgreen's, and they gave them an opportunity. they showed the power of the brand. that's how quickly it turns off the shelf. once there, you have a bit of data, and then you show that data to retailer after retailer, and it creates a groundswell. >> the average viewer does not know what philosophy means. explain to the people the value you bring to a supermarket. >> a lot of times they're looking at profitable per square
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foot, right? the retailers make what we call penny profit, and if the product turns very quickly off the shelf, the more money they make. so we have a product that turns phenomenonally well. retailers love us, and consumer absolutely love us. >> i thought that tortilla chips is a crowded field. why go into that one? it's a big field, almost a $5 billion category that's screaming for a better for you, great tasting brand. so there's just not a lot out there that's considered better for you. so, again non-gmo corn, nothing artificial, just great, great ingredients. >> there are companies that are desperate for natural and organ organic. what do you do? i guess you have to get broker to say, listen, this is so much cheaper? >> well, look we're having fun doing what we're doing. we're seeing a lot of success, we're keeping or heads down and executing against our strategy. if someone came and approached
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us, obviously we curl that from a shareholders perspective, but we're having too much fun. >> what is next? >> so this year is all about building out the portfolio. we have some innovation on skinny pop in the second half of the year beyond popcorn and also some m & a opportunities as well. to some degrees there's a zero sum. who are you dislodging? i already have a crowded popcorn aisle. someone is getting booted. >> it's not really other popcorn companies. up about 20% year to date. over a billion now, so what's losing are more traditional salty snacks. >> and how when i walk into nigh king's is the first thing i see? how do you get that location? >> people love this brand. retailer know if they have a great deal, they'll bring more consumers into their store. >> leave it on that note. tom ennis, thank you. this is the cheapest of the
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companies i follow, and has the best growth. "mad money" is back after the break. atand that horrible smellstee are really good at hiding.vice, oh, boy. there it is. ♪ ohh. ooh. [ gags ] so when you need a house cleaner or an exterminator, we can help you get the job done right, guaranteed. get started today at angie's list,
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it is time. it is time for "the lightning round." where we is a -- buy buy buy. >> sell sell sell. [ buzzer ] >> then "the lightning round" is over. ed in florida? >> caller: i'm 78 years old and -- for a while, i see it's gone up 10%. do i buy, sell or hold? >> i temperaturically don't recommend tobacco companies, but i have to admit that it's doing incredibly well with another upgrade today.
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cecil in south carolina. >> caller: i appreciate everything you guys do up there. >> thank you so much, sir. thank you. >> caller: my stock is wetf. >> i don't know. it's a 2.78. when it gets to be 3%, then you can go do it the i am surprised how low the stock is. let's go to joe in virginia. >> hi, jim. thanks for taking my call. >> you're quite welcome. >> caller: nptn. >> you know, i don't know neofy connicks. i have to do a backlog of home work. john in new york? >> caller: boo-yah. >> boo-yah. >> caller: a good one. just collecting on the yield. necn. >> i don't know. the yield, i don't know -- look the yield is probably good, but that is no growth, and i'm getting some downgrades on it.
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that and glaxo are two i don't want to touch. joshua in virginia. >> caller: a decent sized position in ford. >> you're good. i mean, mark field is doing a good job. yield is 4.6 form the more you go out with people the more you realize that uber is cupping in lyft, but if latin-american turns around, you'll be glad you've got it. anthony in new york, anthony. >> caller: hey, jim, i signed um for actionalerts plus at the beginning of the year and i love it. >> thank you. >> caller: your loxer term -- >> that's the com pannian to my charitable trust. thank you for subscribes box is way too cheap, and at $12, i think you buy it. it's not making money right now, but sometimes you have to think
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further forward. jeff in new york? jeff? >> caller: cramer, boo-yah. how's it going? >> it's going well. how about you. >> caller: it's going. pharmaceuticals. >> we don't know. they won this thing with merck, but we don't know exactly how much they won. so the idea that we just want to get ahead of that and say you have a great revenue stream, we don't know how much. until we do, i have to tell you, i think i'm on hold on that one. okay? i just -- it's too early to tell exactly how much they're going to get. another call, howard in colorado. howard? howard? should we take another? go to adani in texas? >> caller: yes, sir, how is it going? >> well, how about you, sir? >> caller: very good. thank you first, but the question is for oln.
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>> is closing some factories that are too expensive to run, and i think it's a terrific buy here. that, ladies and gentlemen, is the conclusion of "the lightning round." "the lightning round" is sponsored by -- wow, that was random. random? no. it's all about understanding patterns. like the mail guy at 3:12pm every day or jerry getting dumped every third tuesday. jerry: every third tuesday. we have pattern recognition technology on any chart plus over 300 customizable studies to help you anticipate potential price movement. there's no way to predict that. td ameritrade.
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investors like you connect with private companies that are looking to crowdfund. basically a way of letting reg hear people participate in terrific startups. we talked to them a couple times last year. they went live with their first major crowdfunding effort on behalf of a company called virtuous that's all about taking vr to the next left. now it already has a product on the market, called the omni. it gives the freedom to move around naturally inside virtual worlds. not static. rather than just sticking on a headset and sitting on a couch, which is what people think of, this lets you physically walk, run, sit, straight with 36 on-degree freedom of movement. listen, i just got to do it. it is so cool. as an aside, the whole concept seems like a dream come try for parents everywhere. pop on your headset, and you have instant privacy. you don't even need a
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baby-sitter anymore. it's more like a treadmill think how much more fun exercising would be if you could gun down zombies or short sellers of your stocks. it's a mini-ipo kind of. so let's dig a bit deeper with the founder and ceo, and ryan fife, to learn more about this cool technology. i think it's pretty exciting. welcome back. welcome. we've got familiar with your -- i want to first get a sense of how it's going, and are we now finally live to have people to be shark tankers. >> we're finally live. we talked about the potential, and now we're live. everyday people are investing on seedinvest, and it's real exciting. >> are people taking advantage of it instantly trying to be
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like mark cuban? >> the think about early-stage investing is you need to do it prudently. but the ironic thing is this is the first time a television audience has ever had the chance to invest in a start-up and virtuix was on "shark tank" and mark cuban is an investor. >> i didn't just have it on. there were other thing kip of in an ecosystem. >> right now we are mainly a hardware company, we says it on our website. the price is better than most would expect it, but we're also building software around the platform to create this immersive period that we think people really want. >> the minimum, what can people do. >> $1,000 minimum per person. >> if you wanted to,ic have gone to a larger firm because of you got mark cuban's seal of
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approve. >> we also have some of our existing venture capital ventures investing in this round. we have raised $8 million in the past from about ten vcs and nour sound community, our friends and customers can invest in our company alongside those silicon valley venture capitalists and global institutional investors. >> on mark zuckerberg's recent call, he was talking about oculus being here and now. >> that's the great advantage we have. we work independently from the headsets. we're compatible to northwest headsets coming to market. we're compatible with most game content. in the basic form it's a game controller that works out of the box. so we're compatibility with all those major players. >> do you think you're also compatible with gyms. i mention that, because the actual activity was very
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stimulating. it was -- you know, i'm on a stepper otreadmill, this is a heck of a lot more fun. >> gaming is just the beginning, and exercise and fitness is a great example. you burn calories on you're device while having fun. it's great for our customers, also great for parents of children. >> look, i had a great chance to try it. i've been doing the same routine for, i don't know, 25 years. maybe two days a week you do it this way, or you watch sara eisen on d. she's on the worldwide exchange. what do you get when you give money to you? do you get a certificate? a journal entry? and where does it reside? in my brokerage? >> unlike something like kickstarter, you good get shares in the companies, you can manage your portfolio isn't, so you see all of your investments, you can see the legal docs there and management it from the website.
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>> how do you find out how you're doing? what happens if the thing is not doing well, if it's appreciating on you new investors, new rounds coming? >> one thing we mandate is quarterly reporting, and we streamline that to the investors. they get updates once a quarter, if the shares are appreciating. they'll get a notification, so we make everything really engaging and easy to access. speaking of the ecosystem, i had the shoes on, obviously a gun i was shooting the bad guys at. all of these are obviously additional, more retch for the people who put their money with you as investors? >> that's right. the setup you knee for vr is basically a headset. they come now with hand controller, and our platform enables you to walk around naturally in the virtual world and provides the solution that you need to navigate naturally inside virtual reality. >> i thought -- this was really something. it's very exciting. that's ryan fiest, and jan
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>> in this episode of "secret lives of the super rich"... >> we're asking $85 million for this house. >> that's insane. [ engine revs ] but then how many homes have a gallery for cars and their own candy bar? >> we are here in a part of patek philippe who has been never seen before on tv. >> a trip to geneva, switzerland, for an exclusive look at a $2.6 million timepiece. and who do you call when your private helicopter begins to show a little wear and tear? this guy. >> all the hardware for this seat is 24-karat gold-plated. >> who else has a glass floor in their apartment and also has a car elevator and personal car garage with 360-degree views of the whole city? it's a lot of "wow!" >> "secret liv o
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