tv Mad Money CNBC March 31, 2022 6:00pm-7:00pm EDT
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bought apple as a trade it makes sense to take some profits because the head winds fundamentally don't look great right now. >> all right thank you for watching "fast money" we got a lot of tweetstonight about how negative we are, but you know, thank you for watching see you back here at at 5:00. "mad money" with jim cramer starts right now my mission is simple, to make you money i'm here to level the playing field for all investors. there is always a bull market somewhere, and i promise to help you find it. "mad money" starts now >> hey, i'm cramer welcome to "mad money," welcome to cramerica other people want to make friends i'm just trying to saver you some money so call me at 800-743-cnbc or tweet me at jim cramer. how does the market roll over so easily with the dow plunging 550 points
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and s&p 500 plummeting 1.57% and the nasdaq goes down to 1.54%. closing out the worst quarter for the averages since march of 2020 march of 2020. that was a great time to buy sometimes wall street gets so negative it takes your breath away out of nowhere, we've gone from believing the american economy is strong, maybe too strong, to thinking it is in a tail spin. it is so bad that now people are gloomy about everything. every industry each day their pulverizing the sector today was the banks with an expectation of bad loans yesterday it was cell phones they're red hot. and pc's, pow, who will be on the rolling red hot bear griddle tomorrow all right, i think the pessimism is getting out of touch with reality. but before i explain why, you need to know how we got here we have no idea how our country
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would beat covid it was an odd time many thought we would be back to normal but every time a strain pops up, we panicked we knew inflation whats a problem a year ago but the fed figures it would have to go away it had to go away past the pandemic and the supply descriptions and then the omicron and the return to normalcy got delayed and wall street got over it and jay powell was ready to stamp out inflation. it was november. then a couple of weeks later omicron hit and the fed braces for the possibility of another lockdown which seemed reasonable, thinking it might be worse and more contagious. and that is why powell postponed raising interest rates it turns out we didn't need to worry about it once everybody was vaccinated but who knew
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and it transformed in ways we never thought could happen people who never dreamed of second home, they bought one and then they get a car to drive to it it is way reckoning and a labor force that would rather resign than force to go back to work in person nobody could be ready for that who could be it is contrary to any scene since downtowns were created it was as though the economy went from zero to 90 in seconds. home prices could soar and unlike any other time in history, the sticker price wasn't high enough used car prices traded over new car prices because there weren't any new cars in fairness to the home builders, many executives thought we were heading into a prolonged recession back in 20 when the pandemic hit. they decided to throttle back all of their 2021, and that is where it went wrong. because we're talking about
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falling back and tools, washing machines, cash raters, gasoline and everyone got a completely wrong. every single judgment made has been up ended. many of it again because we embrace a new form of work hybrid the rise of remote work might be the most economic transformation in my lifetime i don't want to blame jay powell for missing this the home builders need to put up as many homes as possible but they put up fewer. and we should be building semiconductor plants left and right and we built none. and now they cut back on the drilling, something president biden chastised. i doubt they care. they're making way more money and a little political heat won't matter and every part that goes into every car or house, we're cutting back right when they should have gone into over drive. finally we've seem to run out of
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food in the end, we needed far more workers and basic materials than we were able to produce or were willing to produce at the same time between covid and the tax code, we've seen a massive immigration from cold states to the warm low tech states of the sun belt and so that created a labor shortage where we most need workers it is totally upside down. everything was already getting really out of whack and then out of nowhere, russia invades ukraine. and a war that has many on edge. between the deaths an the photos and the threat of nuclear annihilation, wall street psyche was shattered. we know from the rh conference call, even the high end buyers are shaking. we're now stuck with a truly unhealthy development. where everything has gotten too expensive for regular people at the same time that fed needs to slam the brakes on the economy to stop the inflation process. create some unemployment but just when the fed is swinging into action, i think
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the invisible hand in the free market seems to be taking care of a lot of us let's take them down rates have gone sky height versus where they were a couple of month ago homes have gotten so expensive that the hold building stocks have peaked anticipating that home prices will soon follow and the auto stocks have tumbled. they could finally make enough cars an trucks that prices have peaked and they will go lower. the hybrid office and the second home and remote work is billed out. from furniture, from williams sonoma or pcs or no more need for home depots and then we find out the home offices, they've got everything they need suddenly the conventional wisdom said there is too much of everything so prices are going to come down stock prices are anticipating that and that is why the only sectors that sustained rally in the first quarter were the oils and because they cut back an the utilities act well when there is a heavy recession.
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now let's back up for a second remember how wrong we were last year when everything got bit up too much before they declared the war on inflation we overshot to the upside and i could argue that it is now overshooting to the downside today's action is predicting a crash in sales for everything and a lot of bad dead. i say for now, let it keep coming down. accept that it there is plenty of storage about how amd will have too many chips or gm toom cars an home depot too much inventory and the president saying we need more oil. an maybe he'll get his way and we'll have too much of it. that will be a tough one and the fed will raise interest rates and inflation will be tamed. most importantly the market will have anticipated all of this and will bottom well ahead of everything that i just described. so when does it fully get baked in i'm not sure but the bottom line is we price in the negativity far more
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qui quickly than you think maybe it takes a month or a few weeks and once it does we'll be poised for one incredible tremendous rally from new jersey. >> caller: hey, jim, great show. >> thank you >> caller: jim, my question is about tex com. with the fed increasing interest rates and reducing the balance sheet and changes in the geopolitical environment, what do you think is the future of tex com. >> remember, they're remarkable scientists, they do tremendous things here is the problem. the stock was at 400 and it is at 500 and they'll keep slinking the size of the device and that will make people like it even more let's go to kyle in new york >> caller: hey, jim, how are you
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doing. thank you so much for taking my call. >> my pleasure what is going on. >> caller: i want to ask you about data dog i'm a newer investor but i got into it and had a nice peak over the last two years or so with some of the other cloud companies but it is dropped off a little bit i'm wondering, is it -- have they hit their peak or what you think -- >> well first it is a great company. a terrific, terrific company however it is losing money and we are not operating, but it is losing money. now we do not want to recommend any stocks on this show right now when the companies are losing money it is just too painful and hard. all right. sometimes pessimism could get out of sync with reality but for now, i say let that pessimism build. i think the market will price in more quickly than you think and then we could be paused for a greet rally. those people who belong to the
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investing club know, we've been selling and selling and selling, the last tranche, not just because of our distribution. "mad money" tonight, one of the few areas that is still strong is cybersecurity they're on the front line of cyberattacks and i'm learning more about the state of the space with the company ceo because of what is hatching with russia and ukraine and then the dollar store operators look inexpensive but are you getting the stocks of dollar general and dollar tree at a discount or is it still at a premium. i'll give you my take. and you called in and stumped me on some stocks i'm turning in my homework on a couple i've been watching and i have to tell you, one of them is down right exciting. so stay with cramer. >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer, #madtweets send jim an e-mail to
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pulling back and not only does it protect the networks, it is cloud on premise, they turn a profit and a nice profit. there is a reason the stock is surged 31% since we last spoke to the coo since then we've seen the rise of a hacking group with the most sophisticationed tech companies so let's check in with the chairman and ceo of palo alto networks you have a better sense of the cybersecurity. welcome back to "mad money." i've been reading this intelligence and it is incredible it is eye opening but also frankly scary. it anyone protect themselves or is everyone vulnerable. >> look, jim, unfortunately everyone one of us is vulnerable given what we're going through and where we are but a lot of us could do stuff and we have been doing stuff over the last many years trying to prepare for such times. at this point in time, we all
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need to be very vigilant and control our networks down and make sure that we're constantly monitiering any infiltation and we have to make sure if you get impacted, that you could restrict the impact to a small segment of our business and make sure we have back-up plans to come back up again and that is what you do in moments of crisis. >> true. but then i look at who the list -- facebook, they're brilliant people aws, we love them. fast, that is an outfit dedicated to secure sites and alkmi, and we have verizon and then finally octa. i mean, octa, it is the people -- that is who we rely on to have us protected. >> you know, jim, what is interesting is the cyberattackers have gone from being hobbies to professionals if you're a professional and you go for maximum impact and you
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get maximum impact by imbedding yourself into something we all use. that is why you've seen over the last two years the hacks have been towards supply chain software, octa, something that we use for identify, and microsoft, and solar winds something we use for i.t. configuration and log 4 j and so you are seeing more and more supply chain attacks and what that does it allows them to get imbeddedond specific targets. then could then look through all of the hacks and see which ones of them still have that vulnerability persisting or which ones infrastructure they've been able to sleep in. so i think from that perspective, they're doing it the right way. unfortunately our job is to make sure we're vigilant and making sure that none of this stuff gets into our system and if it does we have remediation plans and that apply to all of our customers quickly because anybody who doesn't patch, who doesn't upgrade has left
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themselves open to this vulnerability. >> but for some remediation might be too late. because have to think at a certain point, the bad guys who have stepped everything up since ukraine, aren't going for money or cash. they're going tor blood. how could they hurt us i'm not kidding. we had someone on that talked about heart valves yesterday and we talked about can they hack that can they hack a machine to monitor your insulin could they impact a nuclear power plant. >> the answer is yes we talked about this maybe five weeks ago and i said this is the time i'm most concerned about the cyber activity because this is not for economic gain, it could be for vindictive reasons and it is hard to get someone to stop if their intent on causing damage and this is backed up by the white house and sissa.
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and especially financial services areas where any degree of shutdown could cause chaos. there is a lot of conversation around, we haven't seen anything yet. i think it is early. i think the potential aggressors are dealing with other issues and at some point in time because we have done economic sanctions and caused some warfare, my fear that we'll see some vindictive behavior in our direction and we have to be ready for it. >> i understand how good they are. will i ever wake up and find that meridon has been hacked and they are on their knees asking for our help. >> that is not a -- we're not if favor of any kind of cyberattacks but i would leave that for the elected officials to decide what is the right strategy given what circumstance we're in we have capability as a nation and that capability exists in other nations around the world but i hope it doesn't come to
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that i think our jobs is to make sure wee protect our infrastructure because our responsibility is toward our citizens and our enterprised in this country and other countries around the world which are on the right side and that is what we're going to focus on. >> how does this happen. one of my colleague got a message. you're bill is paid from verizon. you're bill is paid for march. thanks here is a little gift for you. how do they get his phone number and two how you could resist that >> well, these phishing attacks is attempted to compromise the credentials are the hardest to protect against. there is one attempt to the supply chain and imbed across infrastructure and the other is going to specific individuals and try to get them to surrender their credentials which is how some of the other hacks has done as they do work like that, where they find compromised credentials on the dark web and use them to log in on your
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behalf and then enter your systems and do things you don't want them to do. and that is the hardest to protect against because you're as secure as your 12,000 employees or your 250,000 employees in other cases and you have to be monitoring your systems and looking for behavior that is out of the ordinary and despite somebody being rusted, being able to shut them down so this is going to happen, jim, we have to make sure that we get our technology to a place where we're relying on machine learning and continuously monitoring ai to make sure we stop attacks not after the fact and try to figure out how to get back up. >> if you are a company like this every one of my bank cards have been hacked and all of my phone lines have been hacked don't we have some ability or is it totally against the law for one of the companies to be able to say, you know what, we're going after these bad guys >> well, i think part of the
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challenge is it is not clear who the bad guys are there are so many obfuscation techniques and there are individuals in some remote part of the world and it is hard to identify our legal system is set up in the physical world we don't have a digital system, a digital world legal processor to investigate so from that perspective, it is hard to find out who did this to you in the first place. >> i'm glad you're out there i want everyone, by the way, they all should be reading your blogs. which are the best way to find things out and you don't mince words. lap sis or what happened with octa, i found out because of you and your blogs and i think that it is probably the most informed way to keep up with what is happening which is unfortunately every single day that is the chairman of palo alto networks. thank you for keeping us right on target, all right. >> thank you, jim. >> unit 42, which i would never
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what do you do when consumers are getting squeezed like they are now. between the ram plant inflation and the stimulus programs ending months ago, shoppers have to do more with less, that is what we talked about at the top of the show it could be a tough time in a normal market this is the perfect time to buy the dollar store. as people start trading down in
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order to save money. but this is not a normal market. we have the worst inflation in decades so the cost is rising. meanwhile there are supply bottlenecks causing freight costs to skyrocket and labor is more expensive too wow. so if you're running a dollar store, that means you're in a tough spot you can't really raise prices like so many other retailers are doing. at least not significantly because it invalidated the premise of the dollar store. that means the dollar store chains have to eat their costs rather than pass them on to you. it is a good news/bad news situation. they benefit from the trade dynamic but they take a beating on the margin front. you know how much the growth stock buyers that concentrate on stocks, they always want to see higher gross margin and not lower and that is why i haven't spent much time focusing on the dollar store not all of the companies are equal. there is dollar general and dollar tree. both reported this month
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an while the results were far from perfect, both were really rather amazingly since they reported and that is why i want to take a closer look because there could be something interesting going on here. but first let me give you the back drop. from 2015 to $2,020 general trounced the stock of dollar tree this is amajor difference in performance. really big now, the was up 193 and it is up 40%. and that is over the exact same period as you could see. we're taking a look -- what we're looking at here. 2015 to 2020 now that is before you even calculate the value of dollar general dividend versus dollar tree lack of dividend. why was there such a large disparity. because in $2,015 tree bought fam family dollar. they won a bidding war and paid too much and for the next five
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years the dollar general stock thrived wild dollar tree languished weighed down by the shabby family concept if you are struggling, dollar tree started to turn things around in 2019 and then the pandemic hit and then the tock got pulverized any way, boom. covid was the great leveller for the two companies because initially they both printed money. they were essentially declared essential stores see, right here. they went up because the government said, you know what, we need costco, we need a couple of big -- we need home depot and lowe's and the dollar store. and then the lockdown ended and people started getting government aassistance checks and allowed them to trade up to higher retails, and that was not great for dollar tree or dollar
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general. and now from the inflation, neither of these dollar stores are dollar stores. if you mean stores where nearly everything costs a buck or less. dollar tree and dollar general have been raising prices but this is an interesting saga. in fact dollar general made this move long before the pandemic until just recently only about 20% of the merchandise was a doll or or less. and remember when trump had hikes on -- by con trafrt dollar tree held the line for much longer they experimented with other price points but last fall as inflation continued to bite into the margins, the company finally gave in and started testing out higher prices even at their good stores that news last september, accompanied by a monster buyback caused the stock to catch fire and fast forward to late november dollar tree went all in increasing the price of all items to $1.25
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and here is the interesting part as soon as dollar tree put through those across the board price increases, dollar general goes in the exact opposite direction. they started making more products available for just a buck and added more $1 inventory and dollar general is pitching this as a move to help customers who schedule to make ends meet and that is the way it effects dollar tree. in mid-november we learned that a hedge fund called mantle rich had a stake in dollar tree they wanted to change the prices strategy, which they got and some major improvements at the business thank god. because, whoa, the stores still are not nearly as good as the dollar stores, but they couldn't get enough because a month later, mabtsle ridge nominated 11 directors to replace the board. as soon as i saw the news, i said it is a buy
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and paul hillal is very smart. but this month these moves paid off as there was a shake up in the directors and the chairman was forced to resign i think this is a huge reason the stock went from $113 in early november to $160 today that is activist pressure that made a lot of this happen. with that in mind let's talk earnings when dollar tree reported, same-store sales came in weaker than expected. but however the margins, they held up much better than feared resulting in a 23 cents ernst beat according to management, shoppers are not batting an eyelash at the $1.25 price point and guidance was solid and they only caught fire a few days later when we learned that the mantle ridge were taking the reins. dollar general reported a couple of weeks later and their results were lessen couraging. weaker than expected sales and
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gross margins and only a tiny 1 cents earnings beat. well the guidance was bad. four-year forecast was much more bullish. that is very unusual which allowed the tock to rally in response. they have an expansion plan that wall street greeted with enthusiasm and this is what you buy, needless to say, as i said at the top of the show, when people think we're going into recession. they trade down. stock jumped from $212 to $230 and let's pull back to the low 220s since then. and how about valuation. dollar general, slightly cheaper, 19 times earnings estimate over 20 for dollar tree and they have similar buybacks and dollar general pays a dividend but even they still translate to 1% yield where do i come down here is the bottom line. if you want a consistent operator that doesn't need to do anything too crazy to beat the estimates. that is dollar general even though their lowering prices that, a good strategy for customers.
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dollar tree is a high risk/high reward turn around play. but if they crew it up, you could kiss your gains good-bye oh, and a shopping tip i love my dollar tree a lot more than i like my dollar general. let's go to stallion in wisconsin. >> caller: hey, jim, how are you. >> i'm good. how are you? >> caller: good. good question shopify was on a huge run during covid. however the stock dramatically decreased during earnings. do you think the company is overvalued or do you think it is a buy. >> wow what a great question. because you know i like shopify and i have liked it for much lower levels what i have to say is it is now a show-me stock. the last quarter was not what people wanted so we have to wait for this quarter to see that it was a new trend or one off i'm sorry, but you may think that is a punt but i have no choice i have to see the quarter. fred in california fred >> caller: booyah, jim >> what's up.
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>> caller: thanks for taking my call >> of course >> caller: and you've gave me an a-okay on my investment in qualcomm the other stock i like, it is a place i buy gas, cheapest price in town. i stopped for lunch there and get a slice of pizza and then i go in the store and buy my beer, wine, steaks and even my lobster. i could also buy my clothes, pots and pans, appliances and pharmacy products even tires when needed. when people check out their shopping carts they are filled to the brim. wow, what a place. i think i should buy stock in costco, what do you think? >> i do every one ever those things except for the lobsters, i get the crab legs. the ones that are much better than you could get them anywhere else the answer is yes. buy slowly because it does come down for a huge position for my trust.
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it is one of the few positions we didn't want to touch when we have the distribution that we gave of which we're dribbling money out and very proudly $100,000 today to the first aid justice for people who are disadvantage, let's say, by what the russians are doing in ukraine which i feel is a travesty it is a tough run. when you're trying to run a dollar store and when everything goes up in price to keep it at a dollar however, dollar tree and dollar general are two players worth watching dollar general is a consistent operator with a great strategy dollar tree is more of a high risk high reward turn around play go to them before you buy. make sure you get comfortable with the concept much more "mad money" ahead. you stumped me on alto i'm going it turn in my homework to see if either stock provides annin ticing buying opportunity and what could the united states do to aid ukraine. you know how aggrieved i am
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whenever i get a call about a stock i'm not too familiar with, i like to take a beat and do some research and circle back with a considered answer whether here or with the cnbc investing club, my mission is to help you become a better investors which means i need to be responsive to your questions, not just what i think you should know for example, i get a ton of questions about ultra hot stocks all of the time. some of are unknown and under the radar and they deserve extra consideration. because i don't want you to get
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burned by something that is already over heated. that is why tonight i want to catch up on our homework with a pair of stocks that have just been on fire lately. let's get to it. on march 1st, pennsylvania asked about a teensy tiny company called alto ingredients. it is barely big enough for us to talk about and because there are certain sizes and i said i had to do some digging now right at the bat, i need to apologize for circling back. it was just trading at $5 and change and since then it has rallied 17% to just under $7 it is a fabulous opportunity so what is the story here. they make special alcohols and other essential ingredients that are derived from crops we're talking ethanol and food stuff like yeast, corn, gluten, high protein feeds for livestock, grain neutral spirits even carbon dioxide for the beverage industry.
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they have a broad away of end markets. home and health and beauty and renewable fuels an within those end markets they have a impressive list of customers from proctor and gamble to nestle to chevron. however the company has a history. and that is not so good. alto became public in 2005 under the name, some of you know this and you will laugh, pacific ethanol. and for most of us it exists the stock was a total dog. it was about making ethanol for cleaner fuels and there was a plummet and then it got when the price of oil peaked if 2014 which made it economic versus fossil fuels they lost money every year from 2015 through 2020. with the tock plummeting to just 22 cents when the covid crash hit two years ago. from peak to trough, alto lost 99% of its value it is a situation that companies
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rarely come back from. but in the last two years, they have rallied exactly 3,000%. offer its march 2020 lows. how did they do that one word, diversification. before the pandemic they have a small sideline and specialty alcohols that go into hand sanitizers and that business caught fire thanks to the pandemic essentially saving the company from ruin. by the fall of 2020 management realized they were on to something and they announced a strategic realignment shifting the focus from ethanol to specialty alcohols and special ooirngs and that is when they changed the name unfortunately management overestimated the scale of the opportunity. they started missing sales expectations in 2020 because the forecasts were too high and they struggled with execution much of last year. they've made some important moves, they sold off some ethanol and paid down all of their long-term debt and made a small acquisition, picking up a
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specialty alcohol business now though in a twist of fate, alto stock has caught fire and this time it is all about ethanol. which is something that is more competitive with the price of oil back in the triple-digits and that is how the company could shoot the lights out when it reported weeks ago. where do i come down on this one. i'm weary of anything up more than 40% of the year it is a orphan stock it is light analyst coverage, only three analysts follow it and they seem to like it this could be speculation in the right environment. it is only trading at 13 times earnings assuming they could make the number this is year if you believe oil prices will stay elevated i think it could be worth betting on. but i remember mall increments. nears got horse sense. last wednesday we got a call from terry about gladstone land corporation. it is a real estate investment trust or reit that specialized
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in farm land that it leases meaning the farmer is on the hook for rent and insurance and maintenance and taxes. this was a fabulous dividend yield and even though management raised the payout, they have not been able to keep pace with the stock so in other words distribution is good but the stock is going up so the yield is going down. the run is straightforward we've had extreme food inflation and that makes farmland much more valuable. even before russia invaded ukraine, demand for farm land was growing. through a rising growing pop la lation, a farm is a good investment i know, i bought one myself. that said gladstone's most recent leg higher is all about ukraine. since the bread basket became a war zone, this stock has raled 20%. and the question is can they continue that rally.
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their anchorage is 100% leased and they have a strong system in place for bringing new property that is perfect for farming. long-term i believe it is an excellent business and would you be a buyer at the right price. but i don't think the right price is this price. right now gladstone sells for 46 times this year's funds from operations ffo, that is the real estate investment trust equivalent of earnings that is incredibly by comparison, our favorite data center reit equine ex selled at 25 times fun and that is a great one. i can't count, and sometimes you have to admit that you missed it bottom line. stock picking is like baseball there are times to swing away and times when you have to keep your bat on your shoulder and wait for a better pitch. you have my blessing to swing it alto ingredients but gladstone land, is coming in way too hot. "mad money" is back after the break. >> no need for a meteorologist today's forecast calls for
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recommended right now is tesla this is losing a fortune no thank you to rick in pennsylvania. rick >> caller: booyah. >> booyah. >> caller: how are you >> i'm good, how about you. >> caller: good. first time caller and long time listener. >> thank you for calling. >> caller: i have gevo i like your opinion, please. >> okay. yeah, so that is alternative fuels. it should be working better here but it is losing too much money. and ever since november the money losers have stocks that just go down let's go to michael in rhode island michael. >> caller: booyah, cramer. >> >> booyah. >> caller: after this company fends offer warner meadia they should offer a great dividend. what is your thoughts on a long term position in at&t. >> maybe long-term right now, right now i think they're doing terribly you know
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it is just not a great company there we go. let's go to tyler in georgia >> caller: hey, jim. b booyah. >> booyah. what is up > > >> cosmos. >> let's go to jy in new york. >> caller: i have a question for you. what do you think of rada electronics. >> man, that stock is just -- look, everybody wan defense contractors. this is an israeli deefrs contractor, it is a very good company, however it has just doubled. i can't recommend a stock that just doubled and that, ladies and gentlemen, it the conclusion of "the lightning round. >> announcer: "the lightning round" is sponsored by td ameritrade >> coming up, cramer explains
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when the book is written on the russian/ukrainian war, i don't want to say they lost because the west sold them out this is looking like a real pocket the main issue, too many eur european allies are needing energy and he's killing two birds with one stone. he's raising money an propping up his currency in the process now so far western europe has refused but they haven't had to cob tend with energy forces yet. russia is highly dependent on imports and anything that props up the ruble is great news for putin. you got to understand, russia has an economy the size of italy with infrastructure that feels more like argentina. too many of our leaders seem confused about this.
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they think we're up against the old soviet union they admitted military and economic powerhouse. but the russian army of today has no zoo cof, the general who crushed the army in world war 2. they can't even supply the soldiers with food and fuel. but we're terrified of russia by outfitting ukrainian army with offensive weapons for fear that putin will go nuclear. the white house has blocked the sale of fighter aircraft that they have been trained to use. it wasn't until yesterday that we finally greed to send them 100 switchblade drones that we know about from having the maker on the show. not to pick up from what we've been sending them because it has enough range and flight time to find russian artillery and wipe them out and that is what ukraine needs to destroy given the constant russian bombardments which often target hospitals. but why only 100
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i think biden is too timity. speaking of someone who remembers the cold war, there is not much we could do if putin is unhinged enough to use nuclear weapons but the gas that runs from russia to the west is something we could take care of within a year. we just need germany to recommission many coal plants for a bit while shifting our lng to the e.u. for the duration of the crisis the president did loosen the regulatory commission rules that maid it impossible to new pipelines. we have a ridiculous amount of natural gas in this country that we're just sitting on because we lack the infrastructure to comport it over seas in large quantities but the president has dropped the ball and he's using the strategic petroleum reserve to lower gasoline prices. that was not the reason why it was formed and it's not all that effective and browbeating the oil companies to become more reckless after years of them being reckless, that won't work
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either lower gasoline prices here and russian gas there. how about supporting ukraine with armaments to fight against the russian war machine. a war machine that is financed by european natural gas purchases. why not give the ukrainians a thousand of the switchblade drones the 600 if you want to google it, you'll find it why not make it clear to the russians that they won all of the territory they and now it is about to be taken back if they don't come to the bargaining table recently what are we so afraid of the soviet union was a hundred times more threatening but think didn't stop us from army afghanistan to the teeth in the '70s and '80s. i think we should be less afraid of nuclear retaliation and letting down a country that needs our help it is a humanitarian kries is and a military crisis. but the former can't be resolved until the latter gets better russia needs to by beaten here not appeased
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as long as germany and france are arming ukraine with one hand while they buy russian natural gas with the other hand, we've got a real problem i like to say there is always a bull market somewhere and i pom promise to find it for you right here on "mad money." i'm jim cramer see you tomorrow the news with shepard smith starts now the scramble to bring down your costs of your drive to work i'm shepard smith, this is the news on cnbc cheaper gas. president biden releasing strategic oil reserves. >> historic amount of supply for historic amount of time. >> plus the new rules he's created. but will it ease the pain at the pump mariupol decimated the thousands of people waiting to escape the ukrainian port city why russian troops are leaving chernobyl, as vladimir putin orders more than 130,000 people to join his army >> the ukrainians are fighting very, very well and the ru
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