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"Sometimes you just get handed something ... and you have to take the gift," Jim Cramer told "Mad Money" TV viewers Thursday, saying that the front page of The New York Times could mean money for Diebold(DBD Quote). A story on the newspaper's front page said that New York State has yet to implement a new voting system, even though Congress passed the Help America Vote Act that requires states to update their voting systems, Cramer said. And even though it has taken millions from the federal government to revamp its system, New York didn't upgrade fast enough, and now it's being sued by the Feds. Cramer believes that Diebold will get most of NY's voting machine business, and that even if it doesn't make much of a difference to the company's bottom line, there are plenty of other states that could be sued because they've also had the problems upgrading their voting machines. Plus, Cramer said that the company is aggressively moving into foreign markets for ATM machines, and that the company is "numero uno" in that business, as well as in voting equipment. In the U.S., there are 760 ATMs per million people, and 790 per million in Brazil, Cramer said. But he said that in China there are only 53 per million and in India only 10 per million. That's so much growth opportunity that Diebold is bound to prosper, Cramer said. And there's even room for a competitor like NCR(NCR Quote).
Nay to the Naysayers
"No matter how cheap a stock goes ... there will always be a bear saying the stock should go down because it's too expensive or too faddish," Cramer said. "The curmudgeons would rather be poor," so Cramer said to ignore the naysayers and take a look at Build-A-Bear Workshop(BBW Quote).- Loading Comments...
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