Thinking about evaluation. On a roller coaster day where the dow dropped 81 points. The s p declined 4. 5 its worth trying to understand how some stocks seem to be undervalued for a whole other reason. Namely that people cant think big enough about what a Company Might be worth. They have a failure to imagine what might happen. They have a literal and linear sense of things. Taught at Business Schools and honed at Traditional Research houses. These evaluations are a product of that upbringing. They can cause instant soloffs like we saw from norfolk southern. They often dont leave room for potentially huge gains from companies that areubeiquitous. You could still be valued incorrectly. Tonight i want to show you how to think in an alternative way, one that can help you predict rare blakereakout moves. I want to free you of traditional thinking. I want you to understand market captization analysis. For most of my investing life i spent 55 of my life doing this stuff i have been conare strained by what i call the four walls of the spreadsheet canvas. I have let the straight jacket of evaluation dictate my analysis analysis. Using only a small percentage of what we might have called the mad money portion of my Hedge Fund Portfolio had i had the show then. I have allowed myself the luxury of thinking bigger. Which is the stock market equivalent of abtract expressionism versus real. I believe you should allow yourself a similar luxury now and then. Even if it means sometimes accepting a level risk you wouldnt tolerate. Its okay as long as you consider the abstract expressionist wing as one of many in a diversified museum of stocks. Without further ado, what am i talking about . Netflix. Which was up 20 today even on a down day. One more upgrade from a major investment house. Lets begin with the premise there are two evaluations for companies, the public evaluations which puts net flict at 20 billion and the private, meaning what another Company Might pay for the business. In an acquisition. These two types off evaluations different t. Netflix out of nowhere has become the de facto way that a lot of people consume entertainment. For a small fee they put a huge library of content. They have brand loyalty because it develops its own programming, which tends to be loved. In part because you dont have to pay for it each time you use it. That makes it perfect for bisque viewing. A term we never heard of until netflix pioneered it. Lets talk about advantages. We dont have to wade through 40 to 400 cable channels most of us dont even want in order to get the netflix channel. We would rather pay for what we do want. Fact of life. Even as its difficult for some people admit. Sometimes we would pay to make it if we hit the wrong channel on the clicker, we didnt have to see the totally Unwanted Program flash on our screen until we could regain composure and change the channel again. If netflix were a private company, i dont think you would be prescribed by the boundaries it will be reported as. As a private Company Netflix would be thought of asworld wide entertainment. If were up for financing right now, i think it could be double its current public evaluation. Given the 40 billion evaluation investors are willing to give to uber, how about the 10s of thousands they give to ab b or dropbox. Or the 8 billion we learned today spotify is being valued at. Why should netflix which has changed the way we live is worth more than its currently trading for. I say much more not 29 billion, im talking about 50 billion. Lets use the same open mind. How could netflix be valued at the price of vodka. How can its public worth rank below cbs. How can it be worth only a few billion dollars. Are those dominant world wide enterprised . Would you pay 5 for their content. At least cbs has the nfl. Whats discovery got thats indispensable . Vi vicom, after six years, forgive jon stewart. Some people are trapped by the price where the stock of netflix use today trade. They know it was worth less in the past. They say its ridiculous to pay the current price. Imagine how that would have done you on andy war hol and should be worth 6. Lets look at how much netflix was worth back then. Management screwed up and they didnt think big. All Companies Get revalued quarterly. Who knows if this is the quarter that takes netflix down the road to its much more highly valued private evaluation. I can say is the fact that google or facebook or microsoft or yahoo havent showed a dramatic failure of the imagination on the part of those companies. Netflix is a world wide institution. It should be valued. Accordingly. One day it will be. Thats why any short fall or decline from this number we see this week and if there is we never kno. When the stock gets hiked going into a quarter, that decline is considered a gift. A gift for those who have failed to figure out a rothko might be more val valuable valuable. Twitter, all theeds companies should have taken to. I can say it for reseptose, weve had them on. Its a drug thats like botox. Its a pipe line within a product that can tweet ulcerative colitis, lupus. How the heck can that company be wort than less than 5 billion. That doesnt make sense. How about home away for 3 billion . They give a couple kids from cal tech. As ive said none of this will happen overnight. There are always heavy doubters of these private evaluations. Theyre viewed as accidents waiting to happen. Oh yeah the next groupon. Web van. The etoys of another generation. The bottom line is that its okay to dream big for one slot in your mad money portfolio. Letton index fund define the bulk of your stock. Im cool with that. Pick some individual stocks for your discretionary portfolio. Dont forget to guess of the current era. Mike in illinois mike. Caller booyah from chicago. All right. Man whats shaking . Caller last friday general lecric was up 10 and it was selling its financial and other property assets. This news benefitted the black stone group, bx and black stone mortgage trust, in particular which was also up 10 friday and 3 today. Could you comment on the future pospects for those . I want you in that for as much as you can get. Black stone i liked it forever. People were saying come on cramer when are you going to get off the black stone train. And general lecric i think its terrific. Congratulations were going for our plan. What was our plan . To say get out of here finance. Were an industrial company. Finally stock goes higher. How about we go to austin in virginia. Caller hey calling here from virginia tech. Shoutout to brian who does a lot of alumni work. Caller i had a question about pvh corp. I was curious what you thought about that . I think pvh has bottomed. Okay. And i think that the ceo that stock did dip underneath 100 and it was such an buy buy buy opportunity. Did i tell people . No, it got lost to the shuffle. It goes back there again and i want you to buy buy buy. Dave in california. Caller hey booyah, jim from southern california. Love it wish i were there but we had our first nice day here. Caller i got to ask you. Biotechhad a huge run. I have a position there h whats your short term long term idea . I like abbv. My friend who runs it they were still buddies. She loves the calm boempt shes going to be right. Tomorrow is j and j. Wellary hear what they have to say. I think theyre okay in abbv. Stocks are trapped because people cant think big enough about what a Company Might be worth. You know what . Its time to think bigger. Mad money tonight. We had a nice run over the past year. I have a under the radar play thats up more. Ill reveal t. Qualcomm and apple look like theyre on the outs. Is all hope lost for qualcomm . Is the deal making on wall street just Getting Started . Ill tell you what other stocks i think might be in the cross hairs. Why dont you stick with cramer. Dont miss a second of mad money. Follow twit twit have a question . Madmoney cnbc. Com or give us a call at 1800743cnbc. Miss something inhead to madmoney dot cnbc. Com. Excellent looking below the surface, researching a hunch. And making a decision you are type e. Time for a change of menu. Research and invest from any website. With e trades browser trading. E trade. Opportunity is everywhere. At mfs, we believe in the power of active management. Our teams collaborate around the world, which leads to better decisions for our clients. Put our global active management expertise to work for you. Mfs. There is no expertise without collaboration. Boy once upon a time, there was a nice house that lived with a family. One day, it started to rain and rain. Water got inside and ruined everybodys everythings. The house thought she let the family down. But the family just didnt think a flood could ever happen. The reality is floods do happen. Protect what matters. Call the number on your screen or visit the website to learn more. Introducing the new canam spyder f3. With a cruising riding position and the most advanced vehicle stability system in the industry. Youll ride with a feeling of complete freedom and confidence. Visit your canam dealer and test drive the spyder f3 today. When you consider the strength and the Athletic Apparel stocks it makes me think this whole group could be in the sweet spot. I would like you to look at this Company Called performance sports group. Psg. They make Sports Equipment for hockey baseball. If your kids may sports you might recognize there are many brands. Now psg has a storaed history. This is the company that developed the first ice skate when the blade was attached to the boot. The business was owned by nike for a decade before being sold in 2008. Last year after acquiring the easton baseball and softball business for 330 million. The Company Changed the name to psg. Now, the company just reported after the close today and they delivered a strong quarter. They had higher than expected revenues. So lets check on the kevin davis, the president. Welcome to mad money. Good to see you. You made this aquaition last year. Easton. I know you had to take down debt it was the home run. No question about it t. Easton is a fact company. Great people there, great invasion. Really bringing compelling products to the sport. Were excited to have it as part of the team. We are Big Technology in sports believers. We knew he was merging technology and sports. Nike did that. How Much Technology and invasion are you allowed to bring to softball and baseball . The latest bat easton brought is the mako torque. It has a rotating handle. For traditional players to think that the handle moves, it allows youz to be in the position longer in the sweet spot. It is approved for all levels of play. It did seem to me that the more than 100 of the companies have come from baseball. Well q 3 is a low quarter for hockey business. So this canwas a Perfect Company to bring in. When i look at the chart of how youre going to make your money from now on it looks like there can be the slope that we like. For sure. I want to ask you about a sport. Im from new jersey. We are the lacrosse capital in the world. I keep thing when are week going to the actual Lacrosse League now that Major League Soccer is making money. I look at what youve got. I know youre the primo. When will we each have franchises . Its the most exciting game in the world. Is it coming on strong or not going to happen . Its coming on strong. Its the fastest team sport in north america. Espn is adding games. We are bullish on the sport. Were bringing invasion to that sport. So for a core lacrosse players, if you look at the head its made out of the same material for a long time. Hockey laces are a key component in your pocket. We think of the kind of money we invest. We have a 100 engineers, we can bring better quality materials for athletes who need to play in all kinds of weather conditions. We are excited about that sport. Do you see a ten city league developing i know theyve tried before. This thing is really come on. Its going to be so big if for your business. Absolutely. Its taking off and doingerally well. I think it will build. At the collegiate level keep building programs. Its a fantastic title nine sport. You have a lot of womens teams. Will there come a point where youll be worried because youre a good guy, that the stuff gets too expensive for the average family . One of the things we do we put invasion in every single product line. We talk about the high end skate and helmet. We were the First Company in hockey to bring an entry level price point composite stick to the market. We put as much work into a stick everywhere can use. Do you think it was a big deal i dont know if you caught the masters. Underarmor did a good thing. Maybe i should get behind a lacrosse team. We have a lot of great teams we support in the colleges. Harder to support one individual player in College Given how the dynamics are. The league is opening up. We can have better sponsorship opportunities. Very exciting company. I know i emphasize lacrosse was not as big as the others. I want to look in the future and i know you think three five years out. Big performance for the quarter. Fantastic. Thats the president and ceo of the performance group. It does trade very thin. Wow, real vision. I like it. Mad money is back after the great. Coming up, what a deal. Wall streets been abusiness with big buyouts. These deals could just be Getting Started. Cramer reveals which stocks could be in the cross hairs right now. Qualcomm didnt get the key apple contract for the next iphone. Its stock went down. It was a bad loss. Maybe they can get it back another time. None the less the contract didnt go their way which means the stock should be sold and another stock should be bought. Or at least thats what this news used to mean. Not anymore. Now this kind of disappointment means someone comes knocking. Qualcomms case janet partners. To say it was never the apple contract that mattered to the stock anyway. Its the Corporate Structure. If you fix the Corporate Structure you get more value so qualcomm may be worth than they think. There are two remarkable things. The first is apple had given qualcomm the krangtcontract they would be out of business. The second is janet didnt just say, look this isnt worth the effort. I want to go with a winner not a loser and with the guys who had the smarts to win the contract. Instead of losing into an actual rival, not just of itself but also apple. Thats not how the nude world of acive investing works. There are no real losers in the world. There are others with lots of good cash who wins good business. They areerant able to figure out the value of their enterprise. And buying back stock, you do it. The concept of dumping the stock on the market and giving up and saying forget it, is totally alien to this group. The notion management hasnt seen this idea already or hasnt thought about it totally absent. The old take your bat and your ball go hope scenario has left the building. The new vision thing is alive and well. Jns dup some fabulous vision work. Including work in walgreens mcgros hill and so many others. Ill say that the does make the game awfully intriguing. Al they made it better for everyone else who owns qualcomm. When i say wrong they didnt own a better performing like nxpr they should have owned those. Though owned the wrung semi the one that blew it. I think qualcomms management will have to exceed to. They would have it go hard. Win win for jim. Why dont more actives do what they dont . Why doesnt everybody do it . When a company screws up stock picking managers say i was wrong. Many hedge funds try to act like a fund. And call it a day. They recognize losers and they move on. Never even dreaming of them as potential winners. And in other words it is as much about refusing to be a foek index fun. Meaning the might of the balance sheet. I think in terms of the old style, its good because it drives the stock higher. By the way qualcomm was up 2. 74 before it sold off as the day progressed. As a commentator i have no choice than to go with it. You got to t. Heres the bottom line. You dont have to wait for apple for qualcomm stock to rise. I think theyll do it for you jana, after they take a bite its worth following them. Why dont we go to rob in florida. Caller yes boss. Since du pont got ed breen on the board now and hes the master of breakups. Do you think theyre intending to break up du pont and make it oh, i dont know get rid of the ludsers and break it up or split it up . I got to tell you i agree with you about breen. If he finds way to bring out value. I think coleman will listen to them. I know there is bad blood between both sides. I happen to like both groups. I sure wish something could be done. I wish that maybe lets say breen led the board and fact finding what to do and they invited belts into that. I dont like what is happening there. I think du pont can go up over time. Im concerned about their quarter now. Barbara. Caller hello jim. Buy a stock a own . I like vip shop not the badu. Chinese market is going crazy. I dont get it. It looks bad to me. It probably goes higher. Cookie in new jersey. Caller yeah, how you doing, jim . Cookie i dont know im losing my voice im going to talk to you. Caller are you . I want to know your opinion on nxti semi conductors. Jack moore who is the researcher introduced my to nxti before it had a big run. Weve been pushing it before and after. Why . Because its not going higher. I like it really a great deal. Qualcomm didnt get apple but it got jana. Its still going to find a way to be winner. If only more firms could do what jana did. The stocks i could be taken out next, i have the list. Al an online letter that eliminates your bank from the equation. All your calls on the lightning round. Tonight i need to tell you about a major deal. It seems its gotten lost among the many huge acquisitions weve seen. With world dutch making a big jump. Fed x snapping up t and t. We learned that the Enterprise Software provider is being taken private by canadas vestment board. It was a buyout that kind of happened, no one cared. Why do i think its so important . Because this is only the latest and long line of deals involving Enterprise Software infrastructure being taken private. Buy investors who love to Push Companies to put themselves up for sale. What does it do and why do we care . Regular viewers know one of the hottest themes out there ask what we call the internet of things. The idea here is that as more devices more appliances and systems become connected, were talking about after the accident from your car, home city. The various hardware and Software Companies that support theeds system these systems will see a surge in demand. In two years, the number will be 2. 7 things. Seven years, probably ten fold. Ive seen one study, that said a small city could be worth 1. 5 trillion. The internet of things concept is why everythings been roaring. For all these connected cars and devices to work you need what are known as infrastructure Software Companies that make it possible for Smart Devices to communicate with each other. Infraamerica is a big on data information. I like to think it as the tech equivalent of a Pipe Line Company to make sure that data keeps flowing. Its Business Model generates tremendous recurring revenue. Now, as this gets hotter were seeing more players get gobbled up by private equity firms because theyre strong stable cash flows make them ideal buyout candidates. Al these are not the only ones who noticed. Activists Hedge Fund Managers are taking large positions in these enterprise tech infrastructures. Thats is what happened where the Elliott Management took an 8 stake in the company and lobbied for an lbo. Like i said before. Informat cuis only the latest company. Back in december infrared tech caught it 3. 6 billion buyout led by brava. Al just like the deal it was the ontario teachers plan. Just like informat cu they had a big stake in river bed. They have been agicating for the company itself. Then in is about, we learned that tip co software we had them on a bunch of times is taken by vista equity partners. Surprise and surprise another activists fund had a large stake. They have been publicly pushing the board to explore ways to pursue a sale. In september we found out the calm you wear. Accepted a 2. 5 billion buyout. Oh and would you believe these busy activists had a stake in the deal too . If you go back nearly two years to may of 2013, bane capital snagged it. Elliott management had a stake, bmc at the time of that deal. Maybe bmc software was the prototype for all these later transactions. After informat ica investors have begun to circle the group like vultures. The fact is if you want to be an lbo, this is the moment to pounce. Given that Interest Rates are at low levels but will likely rise at least sometime sometime in the near future because the fed decides to tighten. In other words, the window for cheap borrowing could be closing. Which makes more likely one of those infrastructure lbos will happen sooner rather than later. In the wake of the deal who else is likely to get snapped up . Credit where credit is due. The deal pipe line identified informat cumight be play. Two months later we learned management had taken a part of the company. Now we know its being taken private. Its worth noting you can read about which companies could be next. Nobody is going to hold this possible byout candidates. The provider of Remote Access and mobility 70 ware at the top. If citrus were to get the same evaluation that premera is paying for infomat cuthen this could be worth 110. I cant count just on this, because the company Just Announced disappointing earnings and numbers were not great. You never want to speculate on a takeover in a situation where the fundamentals may be deteriorating. It does seem to be the case now. Theres a bunch of names is blakb which provides enterprise 70 ware for nonprofit organizations. Theyve been on the move. Its 60 over the past 12 months. The company has been consistent. They have lots of recurring revenue. Thats exactly what private equity guys are looking for. At the end of the day if youre looking for a plion enterprise infrastructure my favorites are the ones that are too big to be acquired. Cisco. Red hat is at 14. Billion dollars. Largest purveying of open source operating systems. You saw our cresteo on our show. Exactly the kind of Software Private equity has been embracing. Red hat is expensive but i think its worth paying for the best of the breed. Because that quarter was one of the biggest surprises for 2015. Cisco has gone to being the back bone of the red hot internet of things. Theres no way its going to get bought except by you as an vinyl investor. Heres the bottom line last weeks intermat cubyout is the latest in the string of deals. Take over it i like this it can be bought up if you simply want to own the best players and red hot group. I say go with red hat or cisco. This is the space to be in. And its up for grabs for all. After the break, ill try to make you even more money. When a rewards card is designed to sync with your life it gets talked about. So you can live the way you live, and enjoy all the rewards. Chase sapphire preferred. So you can. Man you run a business. Could be any kind of business. And every day youve got important decisions to make, like hiring. Where are you gonna find those essential people you need . With ziprecruiter, its simple. We post your job to over 100 job boards with just a single click, so you can reach millions of qualified candidates. Then well give you the tools to help you manage, screen and rank your applicants all so you can find the right one. Try zip recruiter for free today. If youre looking for a car that drives you. And takes the wheel right from your very hands. This isnt that car. The first and only car with direct adaptive steering. The 328 horsepower q50 from infiniti. It is time it is time for the lightening round. When i play the sound and the lightening round is over. Its time for the lightening round. Jesse in florida. Jesse. Caller hey, jim. What to give a shout to my friends. Want to get your opinion about sto. Im not that crazy. I like it as a growth oil. Ive been bottom fishing for that. Not that happy with that deal. Maybe they get on the pet ropass. Bob in florida. Caller hello jim. Im from philadelphia we met at a 76s game once and i followed you ever since several weeks ago you mentioned tb therapeutic and had the ceo on the show. I have done my own research and bought some. Tg has a complimentary, maybe a better drug and since the biotechslid down why dont we buy more . I say this is an opportunity. Bill in new york. Caller great show. Very quickly, would you buy sell or hold Realty Income . Its okay. You know what . We Like Federal Realty and we like ventss. San yeah in north carolina. Caller booyah from north carolina. Nice to have you. Caller im a true fan true follower. What do you think about xfl with an 11 yield . Go broncos i am worried about that yield. Its a suspicious when i call red flag yield. It seems a little bit too high. I do think, by the way nordic america if they dont do a Stock Offering you can make money into that one. I believe rates will stay high. Lou in florida. Caller thanks for your show. I have luger stocks. I saw you just purchased 82,000 shares. Yeah, its okay. You know what . Its not one i get behind. I feel like you know the i like im not a big beaver in the gun stocks. Lets go to evan in new jersey. Evan. Caller hi, what do you think about emerge energy . I dont want to be in the sand fracking business. We will realize all the energy plays are going down ncluding fracsand. Its the problem with union pacific. Ron in south carolina. Ron. Caller big guys my stock is kkr. I like kkr and block stone. Ive been behind them. I remain faithful to kkr. Carl in new york. Carl. Caller best of booyah to family. Thank you very much. Caller you gave us a Shopping List at the beginning of the year i wonder if i should take philips off the table . I like it. I cant sell it. I dont want to sell that stock. Andrew in new york. Andrew. Caller jim, whats going on . Thanks for having me. Union county booyah. Man, youre like we following each other. Whats happening . Caller adxf . This is a cancer vaccine play. Im not been behind it but i bless it as a speculation. Lets go to jeff in pennsylvania. Jeff. Caller hi, jim. I want to know about ciop. Theyre off of 1440 high but up from 875 secondary public offering. Al the unique gene therapy for Breast Cancer and melanoma. How high . That stock got hammered on the secondary. Let me circle back on that. Im surprised it doesnt bounce back. The bioteches we have to be after right now, of the junior ones and that ladies and gentlemen is the conclusion of the lightning round. Announcer lightning round is sponsored by Td Ameritrade. , Td Ameritrade has former floor traders to help walk you through that complex trade. So youll be confident enough to do what you want. Ill pull up their number. Blammo. Lets get those guys on the horn. Oooo looks like it is time to upgrade your phone, douglass. For all the confidence you need. Td ameritrade. You got this. Sometimes if it we want to understand the cutting enl of a new industry we need to go off the tape. Check in with a privately held company thats leading the way. Thats why tonight i want to introduce you to avant. Thats the second largest player in the online lending space. They use big data and its proprietary alt gorithms and lends qualified money to the approved people. The whole process happens online. They can charge higher Interest Rates, the annual nl rates ranging from 9. 9 . Now, pools of these online loans have become increasingly asset class. Al today they amounted a breck taking 400 billion financing arrangement to launch a new business which will allow institutional loans. Throw in the fact that last week the Company Acquired ready for zero an online Financial Management startup and its clear its becoming more than an online lender. Lets take a look at this company with the chairman and ceo of avant. Welcome to mad money. Good to see you. Thank you for having me on. First, i got to understand. When we use the term alt gorhythmic propriety machine learning. We Love Technology and we wonder why technology is not involved in other parts of finance. What are these algorithms showing you about who can get a loan . We started it to lower the cost of borrowing for middle class surmconsumers we use different models. Our head of escnearing is the years old. The key is to use Predictive Analytics to come up with the lest likelihood for a scenario and design them a product designed for their needs. How do we know the default rate wont be much higher. You dont have the one to one personal thing. We have a ton of data thats available to us. We have traditional data and meta data. We have access to ten thousand plus. We refit models all the time. We come up with the best score we possibly can. Could i fool you . Could i have gone broke, come back you might not know my credit history. For us everything is about the credit performance and the long term performance of a customer. We make mistakes but we try to learn. The 39 , is that just the rarity guy who needs it overnight . Its pricing risk said. Our loans have nor origination fees you can prepare anytime you want. The key is to come up with a right rate. So the borrower thats burrowing from us is 39 . The small percentage of our loans. Our average apr is lower than that. Thats the best access to credit if they have. If they want to prepay they can with no rate. The new money coming in does anybody say i want a pesage or are they happy to get the higher vic . We have raised nearly 50 million of equity capital. All of that capital is people that do get a percentage of that of the company. The new coming in is setting up a home loan marketplace to allow buyers to this asset class. I got to ask you something. This weekend Hillary Clinton announced for being president. Same thing i hear from everybody. The Small Business guy, the little guy i mean in some ways arent you doing more than the government does . The government always mouths it. Here you are no red tape instant loan. Why doesnt the government say this is the way it should be. Dont want the government involved in the process but saying look, bankers, this is the way you could do it. We bless it. From our perspective were heavily regulated as a company. At the state and federal level. Were okay with that. We want an even Playing Field where we can use technology and analytics to provide a better prurkt product. Who could you upend . I mean a lot of people feel like that bricks and mortar you go see the guy thats a tough Business Model to beat . Its challenging in a world where everything is about real time and model half our valium comes from consumers accessing us by their smartphone. Its going into real time transactions. To me its all about getting the instant gratification of a product in real time. I want to wish you the best of luck. This is a private company. Im not saying dont buy the stock. Look at the model. Its exciting. Hes the ceo of avant. Stick with cramer. You cacan call me shallow. But, i have a wandering eye. I mean, come on. National gives me the control to choose any car in the aisle i want. I could choose you. Or i could choose her if i like her more. And i do. Oh, the silent treatment. Real mature. So you wanna get out of here . Go national. Go like a pro. Wow, after the close, a really big miss. Earnings per share miss by norfolk southern. Theyre a big railroad. Wait a second coals not doing well. Norfolk southern is a key member of the transports. There is always more. Find it here at mad money. See you tomorrow. Quick millions of people do it. Taxpayer, beware. Quick . Some innocently. Some knowingly. Some criminally. Actor Wesley Snipes convicted of failing to file federal tax returns. Its over 5,000 a day, just in penalties and interest. Theres many bad things that can happen. Quick cases can go to extremes. Open that door now. Quick so why do millions still choose to cheat . Weve demonized the tax system. Quick and how far is too far . Anybody who cheats on their taxes intentionally is a crook