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tv   Mad Money  CNBC  August 24, 2016 6:00pm-7:01pm EDT

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we had a report out today downgrading the stock. multiples gone from ten to 15 and it's up 40%. sell the stock here. >> i would not chase it. thanks for watching, see my mission is simple -- to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now! hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends, my job is to save you some money. call me at 1-800-743-cnbc or tweet me @jimcramer. fool me once, shame on you. fool me twice, and i'm an idiot who deserves the heat. that's my own self-loathing
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twist thrown in. should be tattooed on our foreheads if we're going to invest in this market. the s&p declined 2%. but twice in the last six years, twice, we've had flash crashes, including one that occurred this very day last year, 2015. what's a flash crash? it's when the market drops quickly, almost in the blink of an eye, resulting in a dramatic down turn of about 1,000 dow points. it's not the definition of an afternoon plummet six years, hence the fool me once, fool me twice rule. that's why i want to set up some crash rules so you'll be ready when the next one comes. notice i didn't say "if". i said "when." because if you implement good rules, we're dealing with machines. we know machines break. it's what happens. let's go over the very basics of
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what cause a crash. something that was thought to trigger truly horrendous here that we couldn't grasp. it produces a tremendous amount of fear and paralysis, at post 9:00, i'm trying to figure out what was going on. we in the cross hairs of multiple stocks bidding machine guns, in a free fire zone, where we didn't know if we should duck under the table or run for our lives. why was it so jarring? even though we fully expected a decline going in, this tv trucks were down there, giving an 8% fall in the chinese stock market right before and glib comments from the federal reserve chair. we couldn't be exactly sure where the markets were. we didn't know what the prices were. so opaque. what was the point of telling you to go buy something when we didn't know the real prices
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other than they looked down a lot. when we asked around, we got no answers from anywhere around on the floor. and it was not clear where actual stocks were trading. i was looking at general electrics and secellgene. it was pure guesswork. now contrast that with a the 998-point brake down. we didn't know what the cause was at the time. we heard that it might be that greece was in imminent danger of defaulting. what else is new? and we had troubling footage of riots in the streets of athens, but there were no explanations. we had to resume that something horrendous had to be happening. as if somehow our assets were being tossed no a grill of kingsfords, set on fire.
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perhaps because i traded through the 1987 crash from a basis of a tenth of where the dow is now, i had the suspicion that something was just plain wrong with the machine, the machines that control the stocks, but not the companies themselves. i happened to be on tv at the time of that flash crash. let's go to the videotape, the videotape from the 2010 crash. >> what we're seeing rate now, i mean, maybe, talk about capitulation. let's look at p&g, it is now down 25%. >> that's true. that stock is just there you go and buy it. >> a few minutes ago -- >> it wasn't, i just said go buy it. right in the middle, go buy p&g. let's say the precipitating cause was greece. i figured, so what, people still need to shave, wash clothes,
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whatever. two, procter & gamble pays a dividend. it's why it's a core position on my charitable trust. interest bonds are down. three, proctor's liquid. p&g trades like water. why does that matter? it's absolutely vital that you don't use market orders in a volatile situation, but you do want to get something done with limits. listen to what i said about limits on p&g. >> you have to use limited orders. i liked it at 49. it's too bad the system obviously broke down when it went down 400. >> we are trying to get the specialists from p&g to talk about what happened. >> the machines did fail. it was obvious, why is it obvious? i've been around forever. it's entirely possible if you
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used a market order that day you would have brought proctor all the way back up to where it was even. they are messy things. you can get hosed by the machines. however, if you use the limit order, it still would have been a real bargain before the selloff you would have gotten amazing prices. many people told me, e mailed me to say thank you. it worked. now what's the real lesson here? when you suspect that you have a flash crash on your hands, you have to be ready with your own procter & gamble-like ideas. what are proctor ideas for right now? we heard from the ceo of general mills. there's a company of what i'm talking about. general mills has always been completely committed, deeply to its dividend, having paid a dividend for $116.
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it yields nearly 2.7% that's good. where would you be comfortable, like sleep at night comfortable. maybe you should put a limit around $60. wouldn't you love to own a serial dividend player at that bargain place? you keep buying lower and maybe with a $50 top. worst-case scenario, you don't get hit. maybe basically selling stock to you at your price. so you come back in empty handed after hopefully getting some shares at a little higher level, but below where the flash crash started. i would build up other stocks that you like, those with little economic sensitivity because we don't know what the actual cause of the next flash crash might be. and we don't want to be glib as to think there isn't something wrong with the economy. they're backed by companies with long histories of being able to pay dividends through thick and
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thin. we know general mills paid dividends through two world wars, a great depression and a recession. beyond that anything else would seem like child's play. because of the erratic way machines break down, i would go with others of the non-cyclical i ilk. pepsico. but like verizon and at&t. here's where it's from. here's the bottom line. when the next flash crash occurs, we might not have the luxury to research what's going on. we may not be able to see the procters of the world actually trading down, but we will be ready with our limits, and yes, we'll even be salivating for the next flash crash so we can brag that not only were we there, but we made a killing. let's go to edward in alabama.
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>> caller: hey, jim, big boo-yah from alabama. >> nice, man, roll. let's go. >> caller: listen. thank you for pointing me towards sisco earlier in the year. it's been a huge success. and it's added to my position and i want to consider a core holding, but i don't want to get burnt. >> i think chuck robbins is doing a great job. we're keeping it that way. think you should too. let's go to norman in pennsylvania. norman. >> caller: jim, boo-yah, nice to have you back. i'm calling about vie yeah com. >> it is a spec that doesn't have good fundamentals. cvs has been run ably, so i would say -- not the drugstore.
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gwen. >> caller: thank you. we need you! we need you! >> you're too dikind. >> caller: i want to be high-flying with southwest airlines. luv. i'm concerned about the zika, terrorists, other potentially negative factors, what do you advise? >> if you want an airline, you've got the right airline, southwest is the best. i think the group is in a real bad way, but i think southwest will thrive. i do brief the railroads are way up to the upside. now we have flash crash rules. i want you to be thinking about verizon and at and t and dominion and pepsico. this is the world we live in now. so we might as well have a shopping list ready, don't you think? on mad tonight, from calvin to tommy to vanheusen.
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can pvh remain the tar of tstar runway? then what feddy has to say on friday. workday, changing the business of doing business. could this earnings report be the latest seen of a turn? i'm going to talk with a ceo fresh off earnings. so stick with cramer. don't miss a second of "mad money." follow @j@jimcramer. send jim an e-mail at cnbc.com. or give us a call at 1-800-743-cnbc. miss something? head to "mad money" at cnbc.com.
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ss if you aren't already convinced that retail's doing a lot better than we thought it was a month ago, look at the quarter from pvh, the apparel company known for calvin klein
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and tommy hilfigehilfiger. the company has been able to start executing this year after spending some, okay, time in the wilderness. after a beef off a $1.29 basis. tommy hilfiger grew at 3% in north america, and these numbers are better if you look at them on a constant currency basis. plus bullish the next quarter. ra the stock has had a huge run off his bottom. don't expect it to explode up. let's check in with the chairman and ceo of pvh, welcome back to "mad money." >> nice to see you. >> your stock leads everything. you were here when everyone was doom and gloom, and you said inventories are getting leaner and things could be better. it played out exactly as you said. >> especially in north america.
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inventory is getting under control. the story really has been a profitability model. and i think that story continues as we go into the third and fourth quarter in north america. >> i have to believe that that kind of builds into a pretty good back to school season. >> we're optimistic about it. we're ambitious on the top line but i think given our guidance, i would like to think we're prudent on how we're projecting the second half of the year, but there could be more upside against the numbers we put out there. >> there's a little confusion on the absolute channel. if they're closing 100 stores and they're scaling back, it cannot necessarily, i mean, it has to constrain your growth, doesn't it? >> for calvin and tommy, we're seeing pretty significant growth with macy's and and our department store customers. the tough part of the business for us in north america is are
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retail stores in tourist destinations. >> houw many do you have in florida and new york? >> we're talking about big stores that do big volumes and are still very profitable. just like macy's herald square store. i think they're being impacted to a degree by international tourists in new york. >> now you still have a lot of countries that have weaker currencies. we can't just look at the euro and say hey, that's no longer an excuse, your basket's not good versus the dollar. >> that's correct. as we turn into the second half, particularly into the fourth quarter and going to next year, from currencies being a headwind for the last 24 months, i think we could actually see currencies be a bit of a tailwind if they stay at these current levels. the euro, relatively where the euro was this time last year, it's up a few pennies, and the
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prospects in europe are pretty strong. >> do i have to worry about tommy? >> no. they're up. very strong. the u.s. business under more pressure, particularly in the u.s. side of it. > >> is that, again, the -- >> i think the big part of it is international tourists. but it was up internationally, 8%. so very strong. in europe, four was all was up spring is expected to be up 7%. >> we're hearing that fashion is back. what does that mean for your fashion-forward clothes and the market? >> let's simplify. in north america, last year's end of third quarter, beginning of fourth quarter, i know some would say it's a disaster, we
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talk about weather. basically, inventories are being bought tight. dollars are being under control. we came out of the quarter with inventories flat, with sales increases planned for the balance of the year. you spoke about some of the retailers, macy's, nordstrom's, their inventory's clearly under control. a big opportunity for everyone is to capture sales but to really capture gross margin. but the fourth quarter was a bit of a bloodbath last year, so that comparison plays well for us. and we've got north america planned pretty cautiously in our guidance. >> we're of the opinion that bricks and mortar's no longer in the doghouse. but you have the relationship with amazon. you want to straddle both worlds? >> yeah. you have to go where the consumer is. stores are not going away, but we spoke about the fact that there's too many stores in the
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united states. macy's, to their credit said we have to close 100 stores, i think that will put some top- n line pressure. those were not the most profitable locations. >> you are a straight shooter. i saw the tweet about speedo and the lochte matter. you had a tough decision, but you had to make it. >> it wasn't so tough. it was unfortunate. i said, we can't condone that kind of behavior. our brand values, what we stand for as a company and as a brand is too important for us, and our consumers look to us. ryan's been a terrific athlete. he made a mistake, but it was a mistake that a 32-year-old man shouldn't be making. so we had an action that spoke to him and tried to mitigate that action by making the charitable donation to support children in brazil. >> that's great, for that save
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the children. you talked about the tough times at macy's, anybody better? >> i think the problem is going to be continue to outperform expectations. inventories are a key across the board. you've heard everyone come on and speak for you. i don't have to speak for nordstrom's or penney's, we're talking about comp growth. i think that happens, gross margin expansion's available to all of of us. >> what the old days, chairman and ceo of pvh corp who told us when it was bad and is now telling us when it's good. "mad money's" back after the break. >> coming up, jim sits down with a co-founder and ceo of workday. >> you want samsung. that is a huge win for workday versus competitors. >> "mad money" will be right back.
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if you're struggling to get your head around how best buy could report such amazing numbers, and the chatter from lowe's and jc penny about how they see a surge in home-related buying. just go to the conference call from yesterday. yesterday, it was the rodney dangerfield that got no respect. but towle, is up an astounding 1 16% from last year, largely because there's a real shortage of real estate. there's not enough supply to
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meet the demand. the company bought back 7% of the shares in just the first six months of the fiscal year. maybe toll brothers -- the underperformance does seem a little ridiculous when you consider the company's astounding 24% revenue growth year over year,58% jump in income, they rank number six among fortune magazine's survey of most-add memired companies. you know what i found most compelling? the sheer geographical breadth. it's amazing, given that denver and dallas both caught on as terrific. it was this virtually nationwide increase in housing prices
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along with the fact that each quarter this month was stronger than the last, culminating with the it first three woks of august snapshot. that's just this august. we heard about that in the middle of the condition for instance call. that caused the stock to soar nearly 9%. why are these earnings, revenues and deposit numbers so important? the perception was that the high end of the housing market was getting weaker and there was a ceiling as to how high things could depreciate. it would spell a top for so many different businesses, including -- it seems it's going higher. there's a dearth of inventory out there. as wells fargo ceo always reminds us, housing punches above its weight. when housing's strong it leads
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to all sorts of good things fort economy, lawyers, fees, banks, the desire to spend more money to improve your house to augment what it's worth. which gets us full circle to all the housing-related numbers. when you see selling stats, you know that we could be looking at a lasting move. the $900 plus ticket strength for lowe's, ppg, sherwin-williams, all those other players with merchandise that fill the home and related aisles of some retailers. we worry that when janet yellen speaks she could use it as a point to raise multiple interest rates. trends like loosening credit, they aren't the type of trends to be decimated by a
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quarter-type rate hike. i think it will turn out to be a buying opportunity. so here's the bottom line. keep the steady news in line. remember that these stocks are logical places to go if indeed a september rate hike is back on the table. let's speak to patrick in missouri. patrick. >> caller: quick shout out, a big st. louis boo-yah. >> absolutely. why not the. >> caller: jim, with news that new single family home sales have reached their highest in my years, is new home construction market bullish? and i know you're a big fan of kb homes. >> the tussle at the top, we've been backing kb, and the analysts who told us we dead wrong, they're dead wrong.
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but i do like toll. and this pull back, i know it's a little pull back versus where it was a couple days ago, but i think toll's your play now. and kb is my second play. john in california. john? >> caller: boo-yah, jim. we of love you in the sacramento valley. >> oh, i love sacramento so much. i love the smell of the honeysuckle on the street that i slept -- that was in my car. >> caller: we got together and decided on symex, is that a good play? that's a gutsy play. i like road bills that are coming. i like what the is states are doing. by the way, i like the queso. am i ever out there. when janet yellen takes the microphone in jackson hole, i think some of these winners
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could make excellent buys. we have so much ahead. what could workday do for your portfolio here? then just yesterday we heard home sales surged as you heard from a caller to the highest level since '07. you know what that means? new mortgages. i'm talk being about one of the companies. and rapid fire, tonight's special edition of the lightning round. so stick with cramer. what's better than "mad money"? how about more "mad money"? follow "mad money" on facebook, twitter and instagram, to go one on one with cramer. >> reaction, what other questions do we have? ah, i always tell people to start with an index fund. >> get more with guests and go behind the scenes with the most interactive show on television. >> if you can't explain in three
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bullets why you're buying a certain stock, don't buy! >> follow "mad money" today. you're here to buy a car.
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what are we supposed to make of workday, the software service
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company that was once the poster child for high-flying computer stocks. for payroll, financial management and analytics. it allows companies to save money by laying off payroll people. however, workday got clobbered back in february when linked in tried to drag down the whole group. and we spoke with the ceo neil bushry. hey, what happened if you bought the stock on that interview? you have a tremendous 32% gain as today's close. the revenues came in higher than anticipated. 34%i 34% year-over-year. let's dig deeper with neil bushry. we'll find out about his company's prospects.
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welcome back to "mad money." >> thank you, jim, always great to be with you. >> people look at a loss who don't know how this company is graded, and they'll say, wow, i don't want to own that. but you have a couple of wins and things i want to emphasize. you won samsung, within of the biggest chunks of business out there. that is a huge win for workday, tell may he how you got it and it means. >> samsung is going through a human capital transformation project. they did their diligence and selected us. i feel hike we'like we're enterh korea with a bang. >> 979 million, that's money in the bank, isn't it? >> it is. we continue to build a great
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backlog. we're signing large companies. it creates steady business for the long run. >> there have been some talk that there weren't that many financial deals out there. it looks hike that that was either not true or you must have won business from other compel t -- competitors. >> i think people have expectations we will be signing fortune 500 companies left and right, but it's becoming a bigger part of the workday portfolio. we've got workday planning, an application from the last year, goes into general availability in september. and we've signed up 50 large customers to use it well ahead of our expectations. i feel good about where we're headed. >> large customer meaning more
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than what qualifies as a large customer for workday? >> for us, anything over 5,000 i consider a large customer. a medium customer is 1,000 to 5,000. we had several companies pick us who were in the 5,000 range. >> in terms of trying to figure out when you can be or want to be profitable, should i be looking at the operating cash flow at 6.6 million or to stay cash flow negative until they've reached 2 billion in revenues. is there a goal? or is the goal rapid revenue growth for as many years as possible? >> from a non-gap operating margin perspective, this is our second quarter in a row of being positive operating margin. that is the leading indicator for us.
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first quarter, we around 3% operating margin, i think here just slightly less than 2%. if you look at our free cash flow, i'd look at it on a 12-month basis. we had very healthy free cash flows over the last 12 months. it's getting better and better as the company scales. >> i know you made a deal with ibm. and a hlot of viewers said this has to be a big endorsement. >> we've been partners with ibm for many years, and we're deepening the partnership. they've been a cloud provider. we're just deepening that commitment to their cloud sla s solutions. we think they're very strong, focussed on development and testing. and ibm has also made a stronger
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commitment to workday's human capital management suite, bringing it to better than 350,000 employees now. so it's the culmination of a growing partnership. we still will continue to work with other cloud providers, but ibm is clearly a strategic proed provider, i would expect another down the road. >> one that size of ibm that we might hear from? >> stay tuned. >> now we spend a lot of time at oracle. oracle, we like to talk about turning off the obs jen to workday, and i always like to give workday a chance to say why that's not true. any winds from oracle, any business up in the air that could have gone to workday that you can mention? >> i would just talk about oracle and s.a.p. together.
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different quarters, they bump up and down, and this quarter was no different. we continue to beat s.a.p. and oracle fairly handily. and i'm quite keen on their acquisition, and i think that's going to create an opportunity for us with that disruption that will create internally for them. >> i like to remind people when there's an acquisition that's good news. we have yahoo in a transaction. is this something i should be thinking about for workday? >> change is good for us when e bay and paypal submplit up, tha was great for us. if you saw the press release, as dell completes the emc transaction, they're extending their use of workday to cover the emc employees. so mergers, acquisitions,
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spinoffs, that works well for us in situations that require rapid change. >> thank you so much to anneal bushry, thank you so much. >> thank you, jim. >> a lot of people thought this may not be a strong quarter, but you heard about the operating castoff. you know this was a good number. workday, ceo, anneal bushry. they may want the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive retail models... ones that transcend channels and locations, anticipate expectations... creating new ways to engage at every imaginable touch-point. it's a new day in retail,
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and together, we're building the store of the future. digital works for retail. let's talk about how digital works for your business. [rock music playing] announcer: don't let e. coli mosh with your food. an estimated 3,000 americans die from a foodborne illness each year. so, always separate raw meat from vegetables. keep your family safe at foodsafety.gov
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mary buys a little lamb. one of millions of orders on this company's servers. accessible by thousands of suppliers and employees globally. but with cyber threats on the rise, mary's data could be under attack. with the help of at&t, and security that senses and mitigates cyber threats, their critical data is safer than ever. giving them the agility to be
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open & secure. because no one knows & like at&t. it is time! time for the lightning round! and then the lightning round is over. are you ready? ski daddy. it's time for the lightning round. we'll start with joe in missouri. >> caller: hi, joe, jim, this is joe in st. louis. what is your -- >> they've done it, they've done it right in the chest cavity. that's a good stock.
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gary in indiana. >> caller: hi, jim. >> gary. >> caller: hey, jim, i bought five below in may for 39 a share, now it's 47 a share, what do you think about it? >> it's got the same co-hort as dollar general. i like the stock. >> caller: another struggle recently, but what do you think of first solar as a long-term investment. >> no. i've been saying always, if you have to own a solar company, own first solar, in the end you didn't need to own any of them. they're terrible. it is inexpensive, but that group is under tremendous price pressure. let's go to gordon in mississippi. gordon. >> caller: yes. >> gordon. go ahead, gordon, you're on.
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>> caller: yes. >> hi. >> caller: hi. >> go ahead, gordon, it's jim. hey, gordon. >> caller: oh, ge. >> i like ge. >> let's go to florida. >> from st. augustine. >> some 15 -- >> 65. >> bingo. no google there. what's up? >> caller: i'd like to get a read on mike ron technologies. >> i like mike ron. they're coming back. if you want high quality to go nvidia, broadcom and nxpi. joe in florida. >> caller: boo-yah from tampa, florida. what do you think of rpd,
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rapid7? >> it's another data analytics company. >> i'm going to have to take a pass. michael? >> caller: what do you think of voeva systems? >> i got killed by the shorts. not that bad, let me take one more, tom in new york. >> caller: hello, cramer, and boo-yah. >> boo-yah. >> caller: i have a stock for you. 37% rise in revenue for 67 million, earnings at 14 cents a share and same-store sales increased 4.5%. here it is. what do you think of shake shack? >> until you mentioned that last figure, i realized that was a good story, but that stock should go to under $1 billion. i keep hearing from my
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followers. lines are back at chipotle, and that, ladies and gentlemen, is the conclusion of the lightning round. the lightning round is sponsored by td ameritrade. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade.
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yesterday we saw that new home sales were the best in nearly a decade. that's why tonight i want to talk about elli.
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it helps lenders streamline. ellie may is the only one in the business with a one-stop solution, everything from figuring out if someone's worth lending to, to figuring out regulations. given the recovery in the housing market, ellie mae's stock has rocketed up nearly 60% year-to-date. let's see about the ceo. mr. core, welcome to "mad money." >> thanks, jim, it's great it be he -- to be here. >> i need to be able to get people to understand what you do.
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and maybe you can provide me and our viewers with an overview of why banks use ellie mae instead of doing it themselves. >> terrific question, jim. so what we do is we try to enable the process all the way from the borrower, taking that initial loan application, working through that entire process and ultimately getting that loan to the end of that underwriting process, that funding process and deliver it to the investor. it's an incredibly complex process, historically, lots of paper involved. lots of people, lot of inefficiency, a lot of disconnected systems, and on top of that, being done in a very tight time frame, high-quality demands and an industry that has ramped up tremendously since
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dodd-frank came into play. we sell a software solution that goes end to end that gives lend ers tremendous insight in terms of getting that loan done for the consumer. and it's allowed to grow rapidly. compound annual growth rate. and we're still really in the early part of the game. first, second or third inning. >> our viewers often like to use something, buy shares in something they've used. is it possible that our viewers have seen a decline in the number of days it takes between when they buy and when they close because of ellie mae software? >> absolutely. we see through our system, and we publish a monthly report where we're showing them the amount of of time time it takese loan, and our lenders do it much
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more efficiently than the broader marketplace. what we're really trying to do is squeeze-out all that inefficientsy and allow the lender to create a good process for the consumer but without all that regulatory pressure and cost on the back end, which has been enormous in the last six years which has made it a better process for ellie mae to come in. >> i thought wait a second, wells fargo is the biggest. you seem to be wells fargo's guy. even the best banks can't develop this on their own? >> we do some things for wells fargo, but this is a complex operation. there is a lot of different things going on. and, you know, lenders, they need to do what they do best, which is go off and do loans for consumers, provide great service, deal with all the complexities there, but from a
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technology standpoint, you know, that's not what, what lenders or any business wants to do. they want to be able to depend on a technology provider that has incredible insight to the regulatory environment and that can do that work for them as their partner, and ellie mae has been that partner, you know, we have over 1700 lenders with 200,000 users on our platform. we connect them to thousands of of service providers, all the credit agencies and a rappraise and facilitate millions of transactions across that mat fo -- platform each month, jim. >> if i'm trying to gauge your business, hshould i be worry thd there's not a lot of housing for sale, do i want to see a housing boom to get leverage from ellie mae, or is it all a bit of
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these. >> fundamentally, there's a secular shift going on. and the thing that has been driving our growth over the last five or six years has been the shift to embracing software as a service, this pressure to ought mat -- automate, and the demand for quality, with all the provisions of the dodd/frank act. in the last five years, the market has only been up twice, and yet we've grown at least 26% in those five years. now volume can have an effect on us. as we look ahead, there's tremendous leverage in our model, because we provide both a seat pricing for our customers, so a peruse e user per month, b share with our customers, in the upside, we call it success-based pricing. we look at the report that came
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out yesterday. home purchases are positioning well. new house hold formation is positioned well for the foreseeable future and we're going to benefit from that as well. >> it is just a fabulous story. you've done incredibly well. thank you for coming to "mad money" and introducing us to your world. good to see you, sir. >> thanks a lot, jim. i appreciate the time. >> this is a good company, what can i say? this is the right time for this company. i say, stick with cramer.
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we're drowning in information. where, in all of this, is the stuff that matters? the stakes are so high, your finances, your future. how do you solve this? you don't. you partner with a firm that advises governments and the fortune 500, and, can deliver insight person to person, on what matters to you. morgan stanley. it's deja vu. we've got the politicians once again attacking the drug companies. when that happens, people get very worried about a government that is coming back and hurting the stock market again. i say, be cool. there's always a bull market somewhere, i promise to find it for you right here on "mad money." my name is jim cramer, and i will see you tomorrow! lemonis: tonight on "the profit"...
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this place is awesome. two business partners revive a beloved family restaurant chain... woman: i was so excited to see that it was back. lemonis: ...only to run it right back into the ground. mike: we've gone through hell together. lemonis: the c.e.o. is incapable of doing his job. why are you blaming everybody else? mike: i'm not blaming everybody. lemonis: what about you? the head of marketing isn't allowed to do hers. shauna: i feel like i try to take on things, and you try to take them back. -sandy: it's not that simple. -shauna: well, it is. lemonis: as the dysfunction gets worse and worse... mike: paul was handling the numbers. i trusted, but i didn't verify. lemonis: ...the day of reckoning gets closer and closer. $1,900,000 is the total debt, and you have no cash. it's like a train wreck.

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