Cramer's 'Mad Money' Recap: Praise for Laureate

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Continuing a theme of "pimpin' all over the world" seeking foreign investments, Jim Cramer's latest pick is Laureate Education (LAUR Quote) for its gowth in the en fuego markets of Europe and Latin America, he told "Mad Money" viewers Friday.

Laureate, formerly known as Sylvan Learning Systems, is based in the U.S. but operates for-profit colleges in Europe and Latin America, including Mexico, Chile and Brazil.

What caught Cramer's attention, though, is that Laureate just bought the fifth-largest university in Brazil, where only 18% of 18-to-23-year-olds are in college compared to 81% in the U.S., he said. So, there is a lot of room for growth.

For-profit colleges are the norm in Brazil, representing about 80% of the Brazilian higher-education market, said Cramer.

Whereas for-profit colleges in the U.S. have been plagued by lawsuits, they have "relatively free reign" in Latin America, he said. The governments there have too many other things to worry about and don't have the time or inclination to "harass Larueate," he said.

Seagate Warrants Appreciation

Seagate Technology (STX Quote) raised guidance Thursday by about 10% for the quarter, Cramer said, and the stock was up only about $1. Today it was down 46 cents. "That's not right," said Cramer.

Cramer believes Seagate's stock was down Friday because investors have stopped caring about disk drives, which Seagate makes. Investors are so focused on competing flash memory technology, he said, that "nobody cares about Seagate."

Flash is great, said Cramer, but disk drives aren't going away. Wherever backup storage is needed, hard drives are the choice because they are so much cheaper. In fact, many of the gadgets in the Cramer tech rally such as digital video recorders and some iPods use hard drives, he said. Cramer believes the Seagate story has "legs" into the first quarter.

What if the market continues to overlook Seagate? Cramer said Seagate is a real favorite among private equity investors. They would probably take the company private, he said, as they have done once before.

In response to a question about Komag (KOMG Quote), Cramer said he hasn't been able to overcome the pain of watching Komag go into bankruptcy -- even though it has emerged -- and he is not a fan of the stock. He also does not like Hutchinson Technology(HTCH Quote).