Cramer's 'Mad Money' Recap: Verizon's Horizon Sunny

12/18/07 - 07:46 PM EST

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


"We want stocks that have no exposure to the pain in the economy and the credit market," Jim Cramer told viewers of his "Mad Money" TV show Tuesday. "We want something that looks like Verizon (VZ Quote)."

Nothing that's going on right now should affect this company, he said. Not only are they blowing away competition, but they're also changing the game in wireless.

Fiber-optic service is a huge growth story for Verizon, the kind of story that can sustain the company's "big, fat" yield, Cramer said. But, the real backbone behind the success of the company is Verizon's CEO Ivan Seidenberg.

Cramer called on Seidenberg and asked him to explain why FiOS is so popular.

People love the quality of the pictures and the triple-play aspect of it, Seidenberg said.

Further ore, when people go back far enough, they'll see that Verizon has always tended to underestimate the consumer demand power of new technology, he said. For example, he said Verizon handled 25 billion text messages across its network in the last month alone.

When Cramer asked about video on cell phones, Seidenberg said he believes that will be a big deal. He believes consumers will enjoy watching sports and news clips and downloading videos on their cell phones.

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