Cramer's 'Mad Money' Recap: CACI's Defensive Growth

Fat Needle Demand Good for BDX

Cramer is bullish on Becton, Dickinson (BDX - commentary - Cramer's Take) after reading how a growing number of people are "too fat for injections," he said. Needles need to be long enough to reach muscle in order for a drug to be taken up by the body, he said. So, hospitals are going to have to buy longer needles. That's good news for Becton, Dickinson.

But needles alone aren't reason enough to buy the stock, he said. Becton, Dickinson has a number of other in-demand products for aging and weight gain, and the company is best of breed, he said.

Cramer believes Becton, Dickinson is headed higher, but don't buy all at once. The stock isn't as cheap as it was a month ago, so save room to buy more at lower prices should the opportunity arise.

In response to a question about Boston Scientific (BSX - commentary - Cramer's Take), Cramer said he would sell the stock.

Commenting on Spectranetics (SPNC - commentary - Cramer's Take), Cramer said Spectranetics was not best of breed and to go with Becton, Dickinson.

Fast Growth in Slovenia

Slovenia became investable Tuesday, said Cramer, because Harrah's Entertainment (HET - commentary - Cramer's Take), announced plans to build a casino there. The news is meaningful because Harrah's is the best-of-breed casino stock with a CEO who knows what he is doing, said Cramer.

But, Harrah's Slovenian casino won't be finished until 2008, too far off to make Harrah's a play on Slovenia, he said. And, it's too hard to do homework to invest in companies in Slovenia that don't trade here.

However, Central European Media (CETV - commentary - Cramer's Take), an operator of private TV stations in central Europe, does trade in the U.S. and derives 18% of its revenue and 26% of EBITDA from Slovenia, said Cramer. CETV owns two of the top four networks in Slovenia and has a 35% market share there, he said.

CETV reported 138% year-over-year revenue growth last quarter, and although the stock appears expensive at 83 times this year's earnings, the company is growing so fast, it is trading at just 24 times next year's earnings, he said.

The bottom line, said Cramer, is "Slovenia is now officially -- because of Harrah's -- a place that will make you money. You want to make out like a bandit? You buy Central European Media."

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At the time of publication, Cramer was long Microsoft and UnitedHealth Group.

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