Transcripts For CNBC Mad Money 20140723

Advancing. Nasdaq climbing. The dow dipped 26 points, still if striking distance, nevertheless, you foe what i want to do . I want to layout the case for owning individual stocks. Isnt that a given . I can already see the cat calls on jim cramer. No kidding, you do a stock show on a network that covers stocks. The amazing think, though, is its not a given anymore. Even with stocks blowing past unheard of levels an generating extraordinary returns. In fact, its the opposite. We dont have much new money coming into the market. What does come in tends to flow into etfs or infex decks fiechls owning individual stocks, dont i know it . Youd want to settle for average, something they wont expect in any other walk of life. I love my average team. Hey, the playoffs, who cares, people dont seem to understand that richs can be had right in front of them, if things go right. Plus, its like the whole world is against stocks, people claiming they are rigged. Or the fed is keeping stocks dangerously higher. The fed dumps social media. Isnt it always due for a collapse over geopolitical troubles . I know stock versus had big moves. I said i want to use pullbacks rather than throw. At the market. Tonight we are talking to the ceo of xilinx, making me feel like it havent worth investing, because you wouldnt have spotted it the. So with the risk of insensing the, what itself the point crowd, i want to talk about two situations today that exemplified what can go right with individual stock. I want to make the case that you can make money in traditional growth stocks, that you know, and speculative stocks that you may not know and the risks, indeed, are far outweighed by the rewards. I want to talk about pepsico and puma biotech. I told you to do homework and hold on to them as richs, thats been the theme for nine years on mad money. I said you need to buy the stocks of companies with products that you know and like and can be justified on the basis of the fundament also, but a Company Might earn and how the stock is valued versus other stocks in the same space. Thats how you lower your risk and boost your potential. One of my chief executives is the ceo of pepsico. She has been taking heat from nelson peltz at the delivering alpha conference. If you own the stock, pepsico, i bet you are more thankful today. Thats because they reported a trick number this morning and guided up its earnings trajectory and stock jumped a buck skiefr and was higher at a certaint point. Partf this rally is managements sheer grip, fabulous cost controls and manufacturing food thats good tasting and, yes, occasionally good for you. And thats all around the globe. I know dozens and dozens of ceos. I think they dont need to be prodded by any money manager. She is tough enough on herself. It was a very strong quarter. More important, though, i. You to understand how modern. Management works, most managers are trying to beat the benchmark, which is most of the time the s p 500. They start with the presumption that represents the index. They ten typically try to find the best stocks in each cohort. Sometimes a sector is so anemic the managers. To make it a smaller portion of their portfolio. When it comes to the sectors, they have to own at leefrt one stock, no matter how lousy that sector might seem. That is the ruchl pepsico belongs to the consumer package group, which, frankly, among the worst sectors out there. You know the growth is anemic. We seen the food stocks along wish. Many can use a fellson peltz to get it going, not the leefrt of which is cocacola. We seen the supermarkets, the middle of the stores they call it do very badly, lots of Consumer Package Goods Companies that have reported have had their numbers shut. In short, this is a group masqueradeing at a sleep at night sector. Along comes pepsico, sure, 8 isnt mump versus the rapid growth you get in a tech or a biotech or independent oil and gas stocks, for that matter. You look at the rest of the groups, remember this, Portfolio Managers need to own at least one consumer packages goods, because the sector is too good not to have any exposure or endumpl buy the best t. Best is pepsico. Lets say you are a jelly stone and there is a wild grizzly bear on the loose. You dont have to outrun the grizzly in order to survive. You just need to by the way, the same ting could be said about chipotle. Theyve outrun the other countries, hence, its outperformance. Lets talk about another one, lets talk about puma biotech flg. First, i bought a fair of these. I bought out these. These are pairs of puma sneakers. Some people who own the stock because they think it sells shoes. And they like the pumas. Puma is the kind of stock janet yellin took the task last week when she told the senate the valuations were small, biotechs and small pedia stocks were looking substantial stretched. Right . Clearly, she should have exempted puma, the stock rose 2. 5 high tore a value otherwise 7 billion. It was valuation overstretched yesterday, it was small. Today, hmm, not. The compound to land the rekirns of cancer in a trial if 2001 with early stage breast cancer, pumas trial, meant to be taken is reviewed as a long shot, according to the stuff i like from the street doak. Bus a similar drug from the class if so smith klein failed to reveal tests earlier this year. While ive memorial dayed the stock in the past, ill admit i havent been thinking about puma lately. I didnt know how it was doing when it got slammed earlier this year. Ever since merck shield out money for a company last month, idenix. I encouraged you to own one biotech stock even if you agreed with janet yellin they are stretched. Honestly, pumas success is so startling. Oh, fed chief yellin, i am so glad you knocked only more Capital Media companies, because facebook, a very big capitalized social Media Company is roaring in after hours because of some astonishing good numbers reported this very evening the bottom lean, i know the conventional wisdom now says its impossible to make money in individual stocks with any regularity. Its accepted gospel. But as you stroll down the supermarket aisle past lays, fritos, pepsi, gator aid, quaker cereals, think, was it all that hard to find the stock of pepsico . Sure, maybe youre more likely to own puma if you went to a dicks sportling good rather than the lab. The company was opt mick about the drug. You could have been too, how about pat in new york . Caller pat from staten island. Good to have you on the show. Caller booyah a get rich capital, its great info. Thank you, man. We had a lot of the stocks of the ceos who have been knocked. Stocks are going higher. The biotech chapter is worth the price of admission. Caller it sure is. Thank you. Caller my stock is rh, rest rakes hardware, do i buy or wait for a full pullback . The stock is still down from its high, tow, i think those guys like spectrys. They have superb management. I dont care where a stock has come from. I care where its going to. Now i need to go to irma in new york. Please. Caller yes, jim, im calling regarding a plug. I know its been moving a lot the last few days. I wonder what your opinion was, boy, hold, sell . Contractor, i know people are excited. I have found this company has done a series of secondaries. The stock goes down, its much more of a bark tan a bite play, meaning i think they issue a lot of press releases. For my money, no, there is a lot of speculations elsewhere. Dick. Hi, jim, your staff is great. My staff is brilliant. They make me look good on da days caller my question is coming engine. Its trading off the high of 162. Its on your action alert. Goldman took them off their conviction but still kept them on the buy list with a target of 165. And im wondering, when goldman does stuff leak that, does the stock usually do better, worse, or does it ma itself . I think its very subjective. The stock has been a winner, dont forget, not so big. This is a play you shouldnt trade this on the earnings. You have to just believe their engines will take share for multiple years, theyre proenvironmental. The company is doing well. Couple min cummins goes to 230 if they dont turn around. Please, im asking you not settle for average, owning individual stocks could be worth it. Case in point. Pepsico and puma biotech. I will help you find more on mad money, chipotle blew away the quartersied the stock got a serious shot of spice. Can it keep the heat . I got the big enchilada heempbd bo he moth. Im betting on the players leaving tear competition in the dust and is a pullback lurking . Find out the best way to stay protected as we hit another all time high. Stick with kramer. Maybe its all a giant s. A. T. Style analogy test. Here, take it. Mcdonalds is to chipotle as glass so smith kline is to a celgene, gilead, c, biogen ideck or d regreen ron or e all of the above. There is only one chipotle meaning one fast growing quebec serve restaurant cheney that is doing unbelievably well when it comes to the drug business we have the four horsemen of biotech. All breaking out, both mcdonalds and glass so smith kline stumble. Its a quick quiz, these really are the correct analogies for todays market. Hey, think about this. We got a host of mcdonald downgrades, courtesy of the total lack of growth at the golden arches. Perhaps because i believe the world caught onto the fact that keep tasty food may be no bargain at all if in the long run its really bad for you. The Natural Organic craze isnt a craze anymore. Its not even a phase, its an actual real leak mindset, expanding beyond the United States to the rest of the world, hence by the International Numbers if you save pittsburgh donalds couldnt do it and chin ottley called out team as a loving organic, seiss pick. The only ting that saves mcdonalds is the outside gifd and it spews cash it can grow ever bigger. The Balance Sheet allows for flexibility as they say in the research business. Thats keeping more exasperated people from dumping the stock. Its down from 103. A couple bucks above this year. The ceo of chipotle never ceases to amaze. It wasnt originally spun off from mcdonalds. Chipotle is not only selling mexican food. Theyre selling an ideology of food with integrity and the farmed and dangerous ways fast food people apply their wares. How about the fact that 13 Million People watch the scarecrow, chipotles animated short that condemns the very industry that allows mcdonalds to have food. They akeefd same store sales and i think it contributed to the weakness of mcdonalds. Glaxo smith kline, they seed a advar and its like chicken mcnuggets. One worries about health in the food kane are driving away patrons from mcdonalds. Thats what is wrong t. Big Companies May feed reimbursements, the patented products, gilead with its blowout earnings tonight from its help c and the drug cancer for blood cancers and the macular degenerations, too es are all Game Changers have have mump longer patent protection and earnings numbers ahead of them. Speaking of earnings, its now unthinkable mcdonalds would buy a pack of chipotle. However, one time i would have suggested the 122 billion Glaxo Smith Kline buy a four horsemen, they have mark caps as well as the shrinking of the energy value. Celgene are 17 respectively. Gilead is 15 billion larger than glaxo. That will probably go up tomorrow. Regeneron. Has a big stake in it t. Four horsemen and the lone gunman of fast food are the withiners. Er that making losers out of the old guard titans like glaxo and pittsburgh donalds, right before our very eyes. Jonathan. Hey, jim. What do you think its going to do next . Zoes kitchen . Yeah, were doing work on zoes kitchen. I dont want to point blank say what i think. Its not going to be chipotle. I think its okay. I like the ped trainian tlooem theme. Lets go to mo fla in home. Please. Caller hi, this is mona from United States voun town, ohio. I believe in longterm i time investment. I node to know if its good to buy Boston Scientific. I like Boston Scientific and ped tronic, my favorite has been point brampg santa jude. I think rather than do Boston Scientific, a terrific now investment not a spec, i think st. Jude has the best 2015 of all those three companies, skaent jude meds for you. Courtesy of major street, things are changing. Out with the giants, mcdonalds, and in with gilead and there is more ahead. Can the stock stay in place . Im talking to the big enchilado. Shares of xilinx had double digits on truly terrible results. Plus another day another alltime high, dont sucker pun were your from. Thats why we play am i diversified on wednesdays. Stay with kramer. Sometimes the numbers are so good they speak to themselves, thats how i feel about chipotle. When they reported after the close on monday, it drifrd a spectacular out of this world result. The Company Earned 3. 50 a share. Thats a 41 percent beat. The biggest i seen this season. Revenues rose 26. 6 year over year, most important, analysts were looking at 10. 6 same store sales growth. Chipotle reported a 17 . Amazing, they rose on beef and avacodos. They are experiencing more traffic. They have great strides, meaning they can move people more quickly him on top of Everything Else nk management gave guidance, same sales store forecast from the high single digits. Thats how the stock rallies 70 in a single session. At this point for the one should doubt the consumer wants Higher Quality and theyre willing to pay a premium for it. We last spoke to pangment if early february. Stock isnt cheap. It will go higher. Lets check in with jack hartung, chipotles kre eo. Welcome to mad. Its great to be here. When you get a 17 number, one, you are killing it. Two, you are taking it from the other people. Is this the water shed number that shows farms and companies, we know, mcdonalds, are really losing share to their brethren International Organic . You foe, jim, its hard to say that will happen in one quarter. I think its a lot more subtle. It happens overtiempl i think people are a lot more curious where their food comes from. They are more aware of the impact on their environment, on health, animals, depending on how the food is raised. Theyre a lot more deserving about where they will dine or going to shop at which grocer they will shop at. We have always felt the more people understood where their food came from and how its prepared, that would be got for chipotle. We are seeing the benefits right now. If my chipotle, we have signs. I say we, i go there all the time. Were using not the beaver that i reich. But i listen to the call and it sounds like you pay have sofrld that problem with the australian beef situation, all those coming down soon . Are those signs coming down . We hope so. We had to make an important choice. We really want to support the cattle ranchers in the u. S. , but there just isnt if you have supply for the failure raised beef we want to serve to every single customer. We have to go to australia to get the beaver. Its grass fed beaver. Its really tafrty. Its really delicious we love the idea we can get access to beef. Its a notches above the raised beef we traditionally do sell. With rehoping its supplied from australia. We hope that american ranchers will continue to keep up with our growth and we will be able to take all those signs down very, very soon. It has not hurt stores where you have those signs, thats my understanding . No, jim, some customers come in and say, thank you, instead of buying the steak, i will buy the chicken. Other customers will come in and say, okay, i really would rather have a naturally raised steak, thank you for letting me know i love it. Ill have it. The important thing is we put it in the customers hands, we respect their intelligence and weve had customers do either one of the things i just mentioned. Let me ask a question, i saw apple. Especially i talked with the people, too many people say i love apple. I cant afford it. Its a dollar am. Apple did it. You cant say one or the other i know so many people go to chipotle and say, jim, i cant afford a share, what would be so fwad you split it 17to1 the way apple did. Most of our investors dont have an interest in a stock split at all. I have been looking for people leak google. They do have a reason. They have a structural reason. Apple, im not sure yooit quite why they did i. Er with not finding a reason, the appetite from our investors isnt there. One good reason could be our employees couldnt afford it. If they want to invest in chipotle. We came up with an Employee Stock plan where they can take as little as 5 or 10 out of each check, pool tear money and based on that pool of money buy a bunch of chipotle stock, they can own a portion. We have removed that barrier. Right now, we are not thinking seriously about a stock play at this time. I have to say, many people would love to take advantage of that. Okay, they have as to work through chipotle. Throughput is something a lot of people dont understand, i read through the conference call, eight more people her e per hour, you can that be so important . How can eight people mean that much . Well, its on top of record throughput. Every year, all teams, this is all the teams. Their training be great people. Theyre empowering them to provide a great experience for the customer. When we deliver throughput. We have our crew looking our customers in the eye. Theyre focused on theyre meeting the needs of the customer. It happens to result in faster throughput and service to our customer and our customers lover almost everything about clip ottley. One thing doi dont love is waiting if a slow, long lean. One they have a confidence when it gets in line, it will favourite. When it gets favouriter, they dont mind either. Our customers love that about chipotle. What can we do if terms of using google that i dont have to wait so long . The catering business has gotten so good. You know that order is coming up. I dont want a midtown i stop going to. Im not kidding. Its too long. You have to open another one down the block. Well, whole get on that one as soon as possible. But we do have an opportunity to order outside the restaurant through an iphone or android as well. Can you go and order online. Your order will be ready when you come to the restaurant. You go right to the register. You pay for it. We are experimentening we are still in the beta test. We dont know if that will speed up throughput or not. If it doesnt, were not going to be that interested in it. We are always interested in, if we can make the Customer Experience better, shorten the time from when they get into our line and enjoy our meal. Were all for it. Who knows, you are the masters of throughput. Far be it for me to tell you what to do. The ceo of chipotle, congratulations on the best quarter this year. Tanks, jim. Guy, it is difficult to say no to a stock when its up a lot of points given the fact they got such great growth. For my. They are taking a share from mcdonalds. Mr. Hartung is a general. L im te gent. Ite tell you the way i see it. Your 16yearold daughter studied day and night for her drivers test. Secretly inside, you hoped she wouldnt pass. The thought of your baby girl driving around all by herself was. You just werent ready. But she did pass. cause shes your baby girl. And now youre proud. A bundle of nerves proud. But proud. Get a discount when you add a newlylicensed teen to your Liberty Mutual insurance policy. Call to learn about our whole range of life event discounts. Newlywed discount. New College Graduate and retiree discounts. You could even get a discount when you add a car. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Right. Heres a tough one. When a Company Delivers disappointing results and stock gets taken out back and shot, how can you tell whether you are looking at a dangerous situation to be avoided or a buying opportunity feed to be seized . Thats the big question about xilinx. The Semi Conductor program that makes flexible chips that can be programmed and customized. I leak it for some time. This business is based in a duopoly. These chips are using a host of autos, aerospace and xilifx last night posted a disappointing quarter i think it set. I think it should have preannounced a shortfall. Especially after shares were going well. The management says they could decline sequentially. In response, xilinx got hit with an upgrade. 14. 3 , biggest decline in years. Only large tech cap stock on 52week lows. So xilix has come down enough that its viable and lost the confidence of investors like you. Lets look at the president and ceo of xilinx. Welcome back to pad. Hi, its great to be back, jim. All right. Sir. I think its a fair question, a lot of the viewers that jim cramer on twitter are saying. Why should we buy your stocks after two consecutive downs if ref few especially when we believe this spring things have improved. Well, thats a very fair question and we were, obviously, disappointed, too, just to put things in context. We had a record year and we believe that this year is going to be a record year. We expect the crest to be 5 as opposed to 10 year on year, which is what we had originally suggested. The growth is driven by a very strong portfolio. We have approaching 17 market share on the leading Technology Node and we expect our ref few growth to resume based on feedback from our customers. Thats likely happening december 4th. Honestly, why should we believe that . Bear with me, i spent most of my day presenting this interview, you presented several conferences in the spreg, you had compound annual growth rate for fiscal year 2013. You lowered it to 5 . Why did you steer us towards a higher rate . Why should we believe that things will bounce back if. So again thats a very sal id question. You are right. That was the guidance, guidance now is lower tan that. This is of timing. Its not a question of if it will happen. Its only a question of when it will happen. In this case, the big surprise we had was the rollout of the Wireless Infrastructure in china. We had expected the third round to happen earlier than it currently is projected to happen and we are being very cautious now to make sure that we hit it. So all of the information we have talking with the customer, talking with the customers customer, highlights that its only a delay in timing. It was a huge surge in the march quarter of this year of 2014, we expect another surge in the december quarter and in the march quarter of next year. Its the way this works. What is it . For instance, would you not like to take back what was seth rogen said by your cfo at the r. W. Bear conference if may where i quote we clearly have it ramping very rapidly. That will continue for another one to two years easily. That comment, which we were, which we got from my Charitable Trust buy xilinx. Someone here is wrong. I was wrong to have the Charitable Trust buy it. That doesnt seem right if may that comment was made. And here we are in july rapidly deteriorating. So the way it works in china is they have a multiphased deployment and as soon as the phase starts, there is multiple players competing and there is a rush to get there and thats what drove our business in march quarter of this year and it grew very rapidly and the expectation was that it would, next round was imminent and it got delayed. There was a little bit of ov overbuild and as a result that is now delayed to the december quarter and were very confident in that in our current position makes us, you know, believe that we will get the majority of the shipments when that happens. So again as i say, its not a question of if, its only a question of when. Speaking of when. Why didnt you preannounce that you had that dramatic a decline . We, jim, we were very close to hitting our guidance. We are just below the bottom end of our guidance, we actually met and exceeded the top end of our gains, so we some glooins guideliness as to the case, the fell within the guidelines of postpreannouncing. We actually exceeded on the top playing and delivered 52 cents a share as opposed to the genes which was quite a bit lower than that. I dont want it to just be chosen. I spent a lot of time with providers in the aerospace sector. I was surprised you saw pushouts the quarter if aer ro space given the fact that most large contractors i deal with believe me, i know them, did not see pushouts. You did, they didnt, including other Semi Conductors that have reported. That was correct. That was the second element. There were two elements that disappointed. One was china lt. The second was nd. The. We now have the orders from those nd customers and we expect to ship them this quarter, quarter were in. So there will be a bounce back of our nd business but again it was a question of timing. We are very confident in our position in these numbers. We are very confident that the snap back is coming. If thats the case, you bought stock high in retrospect the corner. Will you be in as soon as you are buying the stock that was being thrown away today by people who have lost confidence in you, sir . We have continuously. We have a cash policy which has a dividend, which we just increased and has significant buybacks and clearly, there is approval for a snevth afternoon. Of bye back. We continue to buyback, you know, continuously and i would agree that this would be a good point continue with that philospher and that policy. So i would say the answer is yes. Thank you very much. Good to talk to you, sir. Thank you. The best thing, he came on this show. Mad money is back right after the break. It is time, time for the lightening round on mad money. When you hear this sound, its buy, buy, buy, or sell, sell, sell. The lightening round is over. Are you ready, ski daddy . You may want to start with debra in north carolina. Good afternoon, who are you today . Im lovely. I am upsidedown in magnum hunter resources. I wonder if i should get out, lick my pooundz wounds . No, this is not as good as eog or apache or exxon. Its one of those stocks you have to right up and down, im telling you i think the next 18 months will be higher and lower. Tyler. Please. Hey, jim, cleveland hoimpl, this is again the home of lebron james. Congratulations. That is absolutely terrific. Congratulations to all the cleveland people. I want to say, i rof the show. I have been watching and now im heading into my junior year. Congratulations, my daughter went out there wise last year, its beautiful. Go ahead. Caller my question is on hexcel, they raidsed their geents in the conference call, stocks have been trading low. I want to get your to the. People have turned on the aerocycle. I think people are worried about water happening in the middle east. They are worried that perhaps planes will be stalled, maybe tail buy more planesing figure out what is going on, i think thats a mistake. Im a buyer. Lets go to bob in california, please, bob. Great, jim. There is cobb bob from california. I want to let you know i bought a trick buy when i bought the book get rich carefully. You are very kind, thank you. Caller my stock pecks have significantly improved since bought your book. Number one, im considering, i want your opinion on is pol, polyone core. My char it annual trust, i sare the winners and losers, xilinx is a loser, i think dow makes more sense. Gerry in texas. Caller hi, jim you used to talk about Ticker Symbol clb core labs, the tech imploded if a matter of days it fell from over 200 to 150. It slowly crawled back to 167, do you know why it imploded . That last quarter was bad. I love mr. Dempshire, hes terrific. I feed to see, i will get back intoline liking core labs, that company is in the penalty box. Lets go to meek in texas, please, peek. Hey, jim. Serious logic. You had a good quarter, but the stocks tumbled. Listen. I think you have to do an exceptional football if you are a supplier. The only one exceptional was sky works solutions. Thats the one you want to be in, if you want to be a component company, that, ladies and gentlemen, was the conclusion of the lightning round. Then expanded . Or their new product tanked . Or not . What if they embrace new technology instead . Imagine a companys future with the future of trading. Company profile. A Research Tool on thinkorswim. From td ameritrade. A Research Tool on thinkorswim. Your studied day and night for her drivers test. Secretly inside, you hoped she wouldnt pass. The thought of your baby girl driving around all by herself was. You just werent ready. But she did pass. cause shes your baby girl. And now youre proud. A bundle of nerves proud. But proud. Get a discount when you add a newlylicensed teen to your Liberty Mutual insurance policy. Call to learn about our whole range of life event discounts. Newlywed discount. New College Graduate and retiree discounts. You could even get a discount when you add a car. Call Liberty Mutual for a free quote today at see Car Insurance in a whole new light. Liberty mutual insurance. Were doing a tech startup. Were streamlining an algorithm. Were going public [cheering] the fastest inhome wifi for your entire family. The x1 entertainment operating system. Only from xfinity. I know we hit the records, i know the market can change on the drop of a hat. Things change, the past few days have brought us a batch of political worries. Now more than ever, you have to be sure your investments are the best they can. Lets get to it. Start protecting your money first up its a tweet at ricardo who says am i diversified . Hes got gold, slumberge, valet and whole foods and starbucks. Smiley face. Thats when you do a paren. You know, gold corps is i like grand god. I prefer to own a basket or gld. Slumberge, valet, i think has bottom as per good fuse we are hearing out of brazil, whole foods is a supermarket and starbucks is, of course, the coffee chain, now nlt. So we have a retailer that lets call eight restaurant. A retail, a Mineral Company but its precious. I want to get rid of that. I want to put in a Health Care Company here, you know what were going to pick in avid labs, which is one im looking at the right level and get rid of whole corps. Lets go to larry, please. Caller booyah, jim. My five stocks are apple, Chicago Bridge and iron, eog resources, Gw Pharmaceuticals and micron tech following. All rightletlet take a look at this oh, interesting, Chicago Bridge, thats cbi. That is a trick infrastructure company. I like them very much. I think theyre doing a lot of right things. Micron the dram company also flash, remember, its kind of stalled out here. Keep that in mind. Eog is eagleford and permian and the British Company that has actual pure marijuana that is going to be used to combat a variety of diseases and apple i said you have to own. I have apple and micron, i got infrastructure and spec. Lets not call eight drug company, its a spec, i got oil. This portfolio feeds Something Real smooth and easy that because gw pharma is actually a spec. Lets give it boeing. Boeing is down a lot. It shouldnt be down a lot. That would be a nice replacement for micron. Lets go to myles in new jersey. Caller booyah, ski daddy, how are you if. I feel i have been denied tenure because of some of the stocks i am following, lets go to work. Caller bge, syi, cisco feuds, pru, prudential. Vz wireless communications, verizon and ge, general electric. Am i diversified, ski daddy . I totally love it someone has utility stock they pay the bill to. I feel its the only revenge, they raise the rates, they giver you the rebate in the form of tear dividend, prudential, another great jersey company, a Terrific Company doing well, doing better than travelers, which has been my favorite. Verizon i think is a growth company. We get that last quarter. It was extraordinarily good. Sis core i like the merger can u. S. Foods, that will be a power house, ge, my Charitable Trust owns it. Ill not sure you should. I think its time to sell. Maybe before that ipo. We get the ipo hoopla then i think. Sell, sell, sell. Thats my plan for the Charitable Trust. Stay with kramer. After can close facebook very good numbers. Qualcomm people didnt like the numbers. Let me give you a haing male narrator last time on restaurant startup. Are you selling burgers, or are you selling sex . Were selling the whole experience. Narrator babys badass burgers was selected to take their food truck concept to the next level. You want to wait out there. Just be a couple of minutes. Narrator unfamiliar with a new stovetop, the partners decided to cook on their truck. Start topping them. Get these plates stacked up. This is [bleep] ridiculous. Narrator but the small mobile kitchen was no match for the demands of a real restaurant. Where are these burgers . Narrator despite a disastrous start, the food. Mine was really good. Narrator was a hit. I would put 250,000 on the table. Narrator and babys landed a deal to open their own restaurant. Joe bastianich owns 30 restaurants and coowns eataly, a highend italian market. Tim love is a celebrity chef with five awardwinning restaurants and a retail empire