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