Transcripts For CNBC Mad Money 20130720

We need to look forward because while were right in the thick of earnings season, next week is the toughest one of all. Whats the game plan . First of all, next week i have a weird twist. Were going to be doing the big guessing game over Municipal Bonds. Who will be the next to go under after detroit . I dont want go to there because i think detroit is a special case, one thats uniquely horrible as the tax base has been eroding for years. Thats something we dont see anywhere else except some small towns in california. Heres something you need to know. I would not be a buyer of any mu n Municipal Bonds here. The yields are too low. This is a showdown that has no impact on your pocketbook unless you own the detroit bonds themselves. Now, this huge earnings week coming up. Before we get there, lets go over a pattern ive observed thats going to color all of this action. First, while tech is incredibly visible as a disappointment right now, we have nevertheless seen multiple areas where companies are reporting better than expected numbers, including terrific earnings from industrial and a. R. Space Companies Like ge and honeywell along with banks like capital one, Morgan Stanley and wells fargo. Health care names like dow stocks, United Health and j j. As well as housing. Whirlpool shot the lights out. Lets not forget union pacific. The big railroad thats the dominant transport layer in a narcot market that loves the transpo s transports. Google and intel reported weak earnings. Although, google wasnt all that bad. I think its going to get better again. Please dont give up if youre in there. If youre not, you should buy it. Contrary view. Lets talk earnings. Mcdonalds reports on monday morning. Many are expecting a weak number. Thats the chatter. When you have that kind of situation where expectations are low, be on lookout for a buying opportunity. This is a fabulous company thats doing many things right. Theyre innovating. Theyre opening with new hours. I say bet with it, not against it. After the close we hear from netflix. Thats a cold stock. Its hard to gain this kind of stock on earnings when its being rated by how many emmys house of cards gets nominated for. I bet we get outstanding growth again. Growth is exactly what managers want. Theyll look through a lot of issues if theres growth underneath. Tuesday morning we get results from dupont. Oh, boy. Youll likely hear an impassi impassioned defense of their Business Model by the ceo based on science and enziems to promote better food and safety. Youll hear that paint is a good thing too, though. I say paint because that is the word used when he told us hed taken a massive stake in dupont at the alpha conference. I think hes going to push for the spinout. Let me just say up front, i dont think the earnings will actually be that good. I think you could sell off. The pullback might be your opportunity to buy. When you buy after he announces his position, he has a successful track record, and you can too. After the close tuesday, apple. Hey, looks like everyone else in tech is now doing as poorly as apple. At least when it comes to missing projections. Misery loves company. I dont think its the earnings anymore. My trust owns some. Its cheap. If they announce a killer new product and give you a date of when its coming out, it can go higher. Thats what we want to hear at this point. No one is really thinking the earnings are going to be that good. Ford reports on wednesday. Is europe at last under control . You know thats been the problem here. The sco told us recently when he came to the show, he said, maybe you can kind of stop worrying about europe a little. If it is, then this stock is going to soar through its old high, the level it was at when we visited the f150 plant a couple years ago. If ford sells off, buy more. Also on wednesday, we hear from pepsico. The ceo will tell you why pepsi and frito lay belong under the same roof. Its exactly what it should be, particularly because the stock just hit an alltime high. Lets hear what she has to say. I think the stock could be arguably ahead of itself because of the peltz puff. But i agree with the opinion. Pepsi cant get to 105 on its own. After the close we get results from one of the most hated stocks out there, facebook. But is it hated enough to have a to be so washed out . Are all the bad owners going . Thats whats going to happen. I got to tell you, last quarter the company delivered an upside surprise at every single metric and still got hammered. Even if Facebook Says theyre h hitting it out of the park, no one is going to believe them. I think no matter what they say, its going to be despised. At least for now. Dont know when the sentiment changes. Were going to get boeings numbers thursday. As long as the price of oil, the biggest cost for airlines, stays high remember, boeings new planes cut the fuel use. I think youre going to want to own some boeing. Its the only company i follow thats has a 20year growth plan. Yes, there are going to be growing pains. We heard last last night about a dreamliner. Remember when the ceo told us when he came on the show. The problems are fixable. You cant get a dreamliner for six, seven years. Thats how long the backlog is. Tuesday morning celgene reports. Theres so many drugs in the pipeline the second half of the year. Be prepared to hear numbers being raised on this very inexpensive stock. Even after this doubled over the last 12 months, it was strong today along with this whole incredible cohort as the groups been most in favor ive ever seen. What a group. Also thursday, we hear from 3m, which is the second Biggest Group to have an amazing run this year after boeing. This is a trading philosophy. If you bought some of this stock when 3m reported last time and got hammered but you know what, i dont know. Youre an going to have to buy it back at lower levels. 3m has a big business. If youre talking to the ceo last night on the show and reading many reports of the continuing weakness in china, im getting a little nervous ahead of the quarter. They got a big asian business. Even as i remain bullish long term about this fantastic, wellmanaged company. One of my favorites are, bristolmyers. This quintessential secular growth stock should give you a good read on its cancer pipeline. This is looking more and more like a bio tech. Amazon also reports thursday. Like netflix, this is a cult stock. What does that mean, really . Simple. It really doesnt mean it doesnt really mean that amazons earnings necessarily matter. Yeah, not kidding. Only netflix and amazon have this bizarre quality. Unless they tell you theyre never make money ever or theyre going it burn all the money in a chimney, people seem to be happy with it. Weakness equals buy. Last but not least, we get a housing checkup on friday. Has housing been hurt by the spike in Mortgage Rates . Im following stanley works, fantastic tools company, and warehouse, a home libuilder and lumber company. John paulson made billions bething against housing six years ago. Now hes the biggest housing bull in the land. If rates go up again between now and friday, these stocks will sell off no matter what they say. Lets keep an eye out for them. Heres the bottom line. Theres a lot happening next week. The thing you need to keep in mind is while most techs have been awful, many other sectors are absolutely on fire. I wont be surprised if they dont continue all next week. Jim in washington state. Jim. Caller jim, how are you . All right. How are you . Caller great. Hey, listen. Thanks for your sage advice on stocks. Its helping pay my daughters tuition. Thats fantastic. If we can help you to raise or save money for that kind of cause, i know were going a good job. Caller my question, United Health care, unh, is that a buy or too high . Still a buy. Its still a buy. I read a terrific note today by my favorite analyst on it who said even though the Medicare Advantage program could be cut back a little bit in 2014, the numbers are still too low. Unh is a buy. Wow, what a run. Lets go to marvin in california. Caller thanks for taking my call, jim. I noticed that defense stocks is like Lockheed Martin were up today, but ericsson air crane is trending down sharply. Whats your take on this one and also on Lockheed Martin . As we have said oh, Lockheed Martin is terrific. Lmt is one of the best in show. Ericsson air crane, there were things that happened after the company came here that i still frankly do not understand. And when the Company Comes back, maybe we can ask them about it. Earnings season is in a frenzy with lots more on tap next week. Terrible tech might be leaving a bad taste in your mouth, but remember, many other sectors are acting so much better. Oh, and dont give up on google. I actually thought it was a pretty good quarter. Mad money will be right back. Coming up, surge protector . Some of the biggest names in tech got crushed today. But cramers found a portfolio know. And gadgets come to life. Dont miss cramers earnings exclusive with its ceo. And later, mild, medium . No, hot. Chipotle delivered a spicy earnings beat, and the market sent its stocks soaring to a new 52week high. For the beloved burrito maker continue to grill up gains, or is it too hot to handle . Cramers talking to the big enchilada in his first interview since reporting. Plus, you ask s he answers. I do not know canadian solar, which means ive got to come back on it. You sent cramer back to the books. Now hes got the answers you need. Plus, jim responds to your tweets and your emails just ahead. All coming up on mad money. Diarrhea, gas, bloating . Constipation, yes one Phillips Colon Health probiotic cap each day helps defend against these digestive issues. With three strains of good bacteria. [ Phillips Lady ] live the regular life. Phillips. [ male announcer ] you wait all year for summer. This summer was definitely worth the wait. Summers best event from cadillac. Let summer try and pass you by. Lease this allnew cadillac ats for around 299 per month or purchase for 0 apr for 60 months. Come in now for the best offers of the model year. Has oats that can help lower cholesterol . And it tastes good . Sure does wow. Its the honey, it makes it taste so. Well, would you look at the time. Whats the rush . Be happy. Be healthy. If you want to know whats working in tech right now, just take one look at cy. The company is behind the touch screens and virtually every single nonapple smart phone and tablet out there with the true touch technology. Thats the companys hottest business. They also sell programmable systems on a chip. Theyre used in all kinds of devices, especially phones and tablets. They make controller chips too. Its the Market Leader in static random access memory chips. Its more of a commodity but still a huge opportunity. Heres the stock that jumped 4. 5 yesterday after they reported a better than expected quarter. Cypress sold broadbased strengths. Their touch screen designs are really starting to ramp multiple customers on multiple platforms. Theyve rallied over 25 since january 25th when we interviewed the ceo. A gigantic position. You know hes putting his money where his mouth is. The stock has given us over 200 gain, more than a triple since september of 2008. But it looked like the western financial world was ending. I think cyprus has a lot more room to run, but its also 5. 5 yield. Very high for a tech stock. Lets check in with t. J. Rogers. Hear more about the quarter and his companys prospects. Welcome back to mad money. Thank you. All right glad to be back. You said right at the top of your Conference Call, that this was it. It finally came together. But the previous call what you had said to us was you didnt understand how fickle the consumer got. Why did the consumer suddenly want the glove . Why did they realize the static is bad . What changed in six months . Well, of course, the big deal now is touch on cell phones and if the touch works, its great. Most people want to charge their cell phone, which has a shorter and shorter lifetime because of all these new features. So you plug in your charger and work on your cell phone and then you get tired of carrying around your charger, so you buy a second and a third one. One for work and home. What happen ss the second and third one you buy arent the Super Premium ones the Cell Phone Company ships and they enjekt noise into the cell phone and in particular, they mess up the really no pun intended, touchy performance of the screen and it takes some fairly sophisticated chip design in order to have a lousy charger not mess up a touch screen. Weve been working on that for two years. A lot of work for a lot of people for a simple sounding problem and now that its turning out to be a big deal and its giving us a bunch of designs. Another thing, you knew the anticipation like the charger issue, you told us on the just ahead and realized they would. What happened is somebody introduced the feature called glove. Meaning if youre in helsinki or new york during the winter, it makes it harder for the screen to work properly. So we worked on a glove feature. Its primarily softer coder you have to do to understand it better and we said obviously if youre in new york, you dont want to take off your glove to turn on the glove feature and put your glove back on. You want to put your finger down and have the cell phone say oh, that fingers got a glove on it. We did it that way and now, it turns out everybodys got glove feature and they dont want the take off their gloves to use glove. Kind of lucked out on that one. Worked for us. Last time you were on, you said look, this is the bottom. Its got to be the bottom, which was an unbelievable call. You also talked about the idea that there was a boom bust cycle youve never seen before where they used to ship 10 Million Units a quarter and now, we ship none. Is that possibly behind us . That boom bust quarter to quarter issue . It is true, last quarter, i saw the bottom and we, you had to believe what i said because the numbers didnt show it. Thats what happened. Right now for the next quarter, i have better visibility for one quarter and certainly not for one year and thats not going to happen to us again. In the long haul, this is like a heavy weight fight. The minute you get cocky, a big fist comes sailing through the air and hits you in the nose. For next quarter, were feeling pretty comfortable. Youre also seeing some momentum in auto. Were shipping a lot of autos now. Could you tell our viewers where in the auto you are located so they get more comfortable what cyprus does . Sure. Automotive to get touch into automotive takes about two and a half years. Thats because we control it in five and there can be zero mistake. So, we start out in an automobile where safety is pear pair mount, so the preset buttons on your radio, the volume will turn from being a knob to being a slide, touch slider. Your heating and airconditioning, so were moving in basically into the dashboard controls sort of a best design is the tesla. Our hightech car in Silicon Valley and in the tesla, theres a screen about this big and all the controls are on the top and you basically go in and turn on heating and your heating controls come up. You turn on windows and sunroof and those controls come up and on the bottom, theres actually the connection to the internet, so theres a screen this big in a tesla, which is kind of an amazing looking car. Its got no knobs and buttons and this one big blank screen in the middle and it runs the car. Thats the ranges of wins we have in automotive right now. Next question was that. When i drive the tesla, i cannot believe it. The console is so much fun. And thats all you, everyone one of those . Because it just works so much better than knob. Thats all your technology . Well, in this the technology to turn a finger touch into a position into a command is ours. The concept of how to control an automobile with touch, youve got to give all the credit to tesla on that. They made a breakthrough. Its just fun and whoever put you in knew this would be a fun thing to use. Its also incredibly cool. Your stuff is cool, tj and its innovative. Congratulations. You said it was the bottom last time you were on. You put your money where your mouth is and you delivered for your shareholders. Thank you so much. Thank you. Guys, look. The stock was up so much yesterday that people probably feel its over. Inventories are low. You just heard he said he had visibility. If youve ever been in a tesla, youre pressing things and you cant believe it. If elan likes it in tesla, its going to be everywhere soon. Coming up, mild, medium, no. Hot. Chipotle delivered a spicy beat and sent stocks soaring to a new high. For the beloved burrito continue to grill up gains, or is it too hot to handle . Cramers talking to the big enchilada in his first interview since reporting. J. D. Power and associates has ranked quicken loans meet the newest member of the quicken loans family highest in the nation in customer satisfaction. I say family, because weve been blessed with this honor for 3 years in a row. Rest assured well treat all of your mortgage needs with tender loving care. Amazing Client Satisfaction its a quicken loans family value. Call 800quicken or go to quickenloans. Com to experience it for yourself. Honey, is he too into this car thing . [ mumbling ] definitely the quattro. Honey . Huh . A5. What . [ sighs ] did you Say Something . Has oats that can help lower cholesterol . And it tastes good . Sure does wow. Its the honey, it makes it taste so. Well, would you look at the time. Whats the rush . Be happy. Be healthy. In april of last year, chipotle got hit hard. From highs near 450 to lows in the 200s on worries that the growth of this redhot chain was slowing, but ever since then chipotles been working its way back up and today the comeback is almost complete. The stock surging where 8. 55 to close above 400 in the wake of last nights better than expected results. Company beat the streets earnings by a penny. Really impressive thing is that chipotle posted an increase in samestore sales. This is the metric everybody had been concerned about. The company delivered a number much higher than 3. 8 increase analysts were looking for. Bringing the total store count to 1,502 and management is forecasting going forward, much better than the growth some were worried about. Yet theyve got their mojo. Can they keep it up . Can the stock keep roaring higher . Is it too late to join the party . Lets take a closer look with chipotles chief Financial Officer to learn more about the quarter and where the company is headed on this his 20th anniversary. Happy 20th birthday and welcome back to mad money. Thank you, jim. Its great to be with you. Im trying to figure out whether anything really changed. You guys have been doing pretty consistent. Youve built up your loyalty. To me, if anything, the market message has gotten much better and yet, the stock went from 400 to 200 back to 400. Is it just the markets a little irrational if youre running it daytoday and youre chipotle . We never focus on the shortterm swings of the market. We believe weve got a lot of longterm potential with chipotle in the u. S. Got a lot of potential overtime with chipotle in europe. Weve got chop house as well. So we think about a longer term horizon and how can we serve our customers better food, severed by better people, top performers who are empowered to deliver an extraordinary experience . And if we focus on those things, we will add shareholder value. The wild swings that happen with our stock quarter to quarter, year to year, we dont really have control over that. Fair enough. One of the things i think was the tension was you guys basically said listen, food with integrity, were unstoppable and looking at things like genetically modified food. At the same time, you were saying but were not going to increase prices. People feel what youre tried to do cant be accomplished unless you raise prices so you can get these not so good ingredients out and get the food with integrity in. Thats right. Weve been sparing with our money u price increases. We havent raised menu prices for two years now. Often, weve gone two or three years without raising prices. We try to run a very efficient business without going to our customers and asking for more money on a regular basis. Now, it does cost more to serve these higherquality ingredients, ingredients that are sustainably raised. Were really committed to remove gmos and thats going to cost money. One of the reasons we held off on price increases, one, it looks like commodity inflation has held off and it looks like there might be deflation. So wed rather not raise prices when costs might decline. Secondly, because of our commitment to getting the gmos out, we know thats going to cost more money so we would like to bank the price increase were thinking about, then push it off until sometime in 2014. Wed like to time it around the time we can announce that we have or are on the verge of removing gmos from our ingredients. I believe the customers will pay for, frankly. One of the things that amazed me about this quarter, your labor leverage. I didnt expect it, but i know youre very committed to keeping the best people. At what point do you say labors are making enough here. Maybe were going to lose somebody or are you just not losing your people even with costs stable . We are in a business thats a high turnover business. So our turnover generally at the salaried level is lower than other companies, but it still has a high turnover level. We hire almost all of our managers from crew. If you want a career, if you want to learn how to cook and run a business, if you want to be part of something exciting, you come to chipotle and well teach you those things. We have crew people that joined six or seven, eight years ago that are now in management positions and have a lot of responsibility. Theyre changing peoples lives and financially, theyre rewarded as well, so we believe we can keep good people, so while we have turnover, a lot of that is you know, kids, for example, that are going to school and working during the school year and they leave and hopefully will come back, in terms of those who want a career who really buy into what were doing, they stay and they have a bright career with us. I know from jim, the great former ceo of costco, that if you can keep people, then you do or are able to avoid a lot of training costs. I want to stay on this topic. Ive got too Many Companies that tell me theyre not hiring, that are not necessarily empowering people. Youre watching the show right now. Youre in a job where youre not that happy. What kind of skills do i need to be a potential manager. Well, we will teach you all the skills. We look for characteristics. Things we cant teach you. Things like are you ambitious . Energetic . Are you curious . You know, are you curious about how food is raised . About how animals are raised . Things like that. If you have these 13 chartistic, are you smart, hospitable, do you like to take care of people . If you have those and no cooking skills, no business skills, well teach you how to cook, run the business. Those are all skills that we can teach but you need to bring some skills to us. You need to bring these 13 characteristic, these qualifies, that you have them, we think youll be successful. It doesnt matter what field you come from, well teach you the rest. What can they expect to make with the Stock Options . You ever get an average formula, about someone whos gone from being at one of your stores to running one . Our Restaurant Managers, they can make it up to a gm and our elite managers, a restauranteur develops a special culture. They go beyond that and they create a great culture, where theyre hiring only top performers with the 13 characteristics. They will be our feature leaders. The Restaurant Managers that do the best job of that, they become restauranteurs. They only get promoted based on a one of our ceos or fyfe officers and once they get to that level, they can get bonuses based on how many managers they develop. Weve had restauranteurs at that level make as much as 100,000 just for running one restaurant. If they continue to develop future leaders, really, the skys the limit in terms of what they can earn beyond just that one restaurant. Also, there was a point i thought at the beginning, you made it sound like you said its not going to be near term, the chop house is really almost ready for the national bowl. Is that a fair thing to say . We still think that we are nurturing chop house. We opened up our second restaurant in d. C. , one in l. A. Were going to open up two more ond four more on the docket for next year. Were still introducing chop house. The feedback has gone very, very well. When steve talks about the early days of chipotle, chop house reminds them of the very same thing. Customers come in and see unfamiliar ingredients, but see the food and love it. Made from fresh, high quality ingredients. An open kitchen and youre served in a fast line. Its similar to chipotle, but based on flavors from southeast asia. Were not going to really put it into high gear just yet. Wed still like to nurture it a little bit longer. Youre brilliant, were vegetarian. We saw that noodles and company, not necessarily analogous to that situation, seems to be very successful. The time seems to be right for this particular concept. For chop house, we do think so. We think that what chipotle does, this idea of sustain bly raised ingredients, then the employees who can create an elevated experience for our customers, we think that can apply to any. Theres nothing really like it out there, but we think what we do can really be applied to multiple cuisines, but were excited and lots of people who have tried it, were very often we get a response from them or a request from them to put a chop house in their town. Excellent. Congratulations. To me, never missed a step, but its terrific you did the round trip and are back. You always did the right thing with food integrity. Cfo of chipotle. Thank you so much for being with us. Guys, theyve been consistent with the consistent message. They could take price to please these analysts. I have found when you put the bus first, thats how everything seems to click. Back after the break. Every day were working to be an Even Better Company and to keep our commitments. And weve made a big commitment to america. Bp supports nearly 250,000 jobs here. Through all of our energy operations, we invest more in the u. S. Than any other place in the world. In fact, weve invested over 55 billion here in the last five years making bp americas Largest Energy investor. Our commitment has never been stronger. A friend under water is something completely different. I met a turtle friend today so, you dont get that very often. It seemed like it was more than happy to have us in his home. So beautiful. Avo more travel. More options. More personal. Whatever youre looking for expedia has more ways to help you find yours. It is time, it is time for the lightning round. And then lightning round is over. Are you ready, skeedaddy . First im going to start with seth in new jersey. Seth. Booyah from hoboken, new jersey. How are you, jim . All right. Whats going on . I want your take on mako surgical. Shark here. Heres my problem with mako. They disappointed too many times. I know its a jersey company. I think id rather be a seller than buyer. Dave in california. Hey, booyah, jim, from west los angeles. I know that area quite well. How can i help . Im still a believer in americas comeback in infrastructure and im considering in investing in one of two Great American companies. Axiol and hc holdings. Supply holds, not bad. Axiol, they disappointed. Remember this is the spin on ppg. If you think housings coming back and you know that our costs of natural gas liquids are low, thats buy, buy, buy. Smith in texas. Smith. Hello, jim, booyah. Im wondering about check company. I like check point. Its really come back. This is antistealing and theres always room for that. Still tremendous step at many of the major stores. Talk about it we hind the scenes. Andres in pennsylvania. Booyah. Whats going on . I saw todays athena health. A stock you recommended a few weeks ago. Do i buy, sell or hold . The stock is up. On any week, buy, buy, buy and john in north carolina. John. Mr. Cramer, booyah from the home of college basketball. True. Listen, i got to thank you first. When you started your show back in march of 2005, your biggest fan was my father. And unfortunately, lived 11 months, but those 11 months, he watched your show every night and many of those with me and following discussions about stocks and i just have to thank you for really changing my family tree. John, you are terrific to say that. I have to tell you that one of the thing is hear about so often, fathers talking about the show with sons. Daughters talking about it with dads and moms. It is a common bond, so im doing it right. I know its supposed to be like, hey, cramer likes apple. Thanks for understanding what its really about. Apples one of our best portfolios. My question is about ath. The business is strong. I like that business. A lot of people think ive gotten spooked by it as of late. I think thats the opportunity. This is the very strong part of the market. Youve just got to get it right. No, thats it . And that, ladies and gentlemen, is the conclusion of the lightning round. Thats the one. Brazil. This, i dont know, is just a really good beer and no, im not talking about a brazilian company. Although that is an added bonus. My daughter and i snapped i dont know what youre talking about. Its hard to tell. Clearly not. Real people could have shopped, but for many of the wall street analysts who live right here, they dont have a clue about what happens here, west of the hudson. Maybe some went there, too. I feel like a melon head. Because then i have to clean it up later. You know i do all the cleanup here, too. [ male announcer] surprise youre having triplets. [ babies crying ] surprise your house was built on an ancient burial ground. [ ghosts moaning ] surprise your car needs a new transmission. [ coyote howls ] how about no more surprises . Now you can get all the online Trading Tools you need without any surprise fees. Its not rocket science. Its just common sense. From td ameritrade. Well, kids may be off on Summer Vacation right now, we still do our homework. On tuesday, ken in wisconsin wanted me to shed some light on canadian solar. I needed to do a little bit more work. Its one of the largest solar powered companies out there. Its up nearly 300 . By improving fundamentals and a big chinese competitor. I think its delivered competitive results. My recommendation is if you own the stock, just give yourself a pat on the back. Next up on wednesday, tom in illinois called in about xerox. I needed to take a fresh look at it before giving an opinion. One of those brands like kleenex. Out of its low margin business and making a smarter move into Higher Technology outsourcing. In fact, outsourcing represents over half the revenues. Longterm contracts and better mortgages. That said, it has rallied 42 this year, so a way for a pullback before you can buy this one, but i like it very much. Thank you for calling my attention to it. Finally, last night, tim in california wanted to get my analysis of boston private financial holdings. Bpfh. A Financial Firm thats a combination of wealth management, very good business, representing a third of their total enterprise and private banking. Company reported a stronger margin and a small rise in it core fee business. But with only a 2. 5 yield, this is not my Favorite Bank although again, this is a good idea. I prefer wells fargo, which happens to be the large position in my charitable trust. The first tweet is from who wants to know time to sell nokia. Nokias a r very spresing name. Why . Because it reported a weak quarter. Yet the stock didnt go down and some of the was pretty good. I think you can own the stock for a 20 move and do not need to sell it now. Up next, a tweet and it says saw you like vlo with baked in movement and possible bottom. How about tso and 9. 2 times earnings, 4. 5 growth rate. Just to go back over, i think this is important what i was saying wasnt that i i can understand why people why . Which isnt nearly as good. So please dont take my endorsement on the fact vaerro didnt have such downside. Thats all the tweets we have time for. Back after the break. Hmm. Fifteen minutes could save you fifteen percent or more on car insurance. Yep, Everybody Knows that. Well, did you know some owls arent that wise . Dont forget im having brunch with meghan tomorrow. Who . Meghan, my coworker. Who . Seriously . Youve met her like three times. Who . sighs geico. Fifteen minutes could save you. Well, you know. Memo to michael dell and carl icahn. Just walk away from dell. All will be forgiven. Thats what i heard yesterday from all the Tech Companies i follow. Dells perhaps less than 9 a share. To the reality of this company and industry started out. First of all, if you listen to the Conference Call of intel, microsoft, you know that personal computers in a horrendous secular decline, meaning doesnt seem to be able to stop its decline. Sure, some of it is being replaced by tablets and some by no chips so exciting to mean anything to most users. Sure, the chips could keep getting smaller and smaller, but unless you work at nasa and want to put a man on the moon, you dont need that power. Yes, intel says when it gets the in chip, maybe it will be a bump in the business, but its more likely will come up with some cheaper devices and cut dells Profit Margins to shreds. Dells selling big, color sets. The ones they cant even give away at best buy, except when you get your kids to college and they insist on the tv. That is if they even bother to hook one up. Apple is the equivalent to a sexy flat panel tv set. Third, the ab surtty of believing that dells serving business can be the bedrock of new dell has been defrocked this quarter. Plus, the clients for dell, many of whom are governments and universities, many are europe and big, big businesses they can hold off certainly long enough to see dell use up its cash an perhaps even go chapter 11. Fourth, theres no doubt that hewlettpackard can afford to give away personal computers. Megan whitmann the last few months. Given all these things about the fact the switch happened so fast that neither intel or microsoft, google last night, seems to have seeing the velocity. Dell could be doomed even if it stays public. What if it used all its cash to buy the company or a huge chunk of it to take itself private. Only a moron would take the chance with the debt that it would have to issue. Right now, one of you, icahn or dell, no one wants to be Stuck Holding this company. Come on, guys. Let it come down. That may be the best outcome either michael dell or carl icahn at this point has to hope for. Stick with cramer. Snap chatting next weeks show. Theres always a bull market somewhere. Promise to find it just for you. I will see you monday a hightech control room. He is looking at everything thats going on here. Railroad cars hauling urgent cargo. Get it into a railcar as fast as we can. On a mission to create the worlds most popular brew. We have a presence in over 80 countries. Its a cultural icon a bubbling legend. Probably the most recognized beer label in the world. An ultimate beer from the ultimate factory budweiser