"Let's talk about the Oscars ... people were surprised when the movie Crash beat out Brokeback Mountain for best picture," Jim Cramer told his "RealMoney" radio show listeners Monday. But he didn't see a surprise victory. He saw a way to get rich.
"Crash was made by a publicly traded company called Lions Gate(LGF Quote)," he said. And since its film won the Best Picture Oscar, he believes it's a buy. Even though Lions Gate is a stock that Cramer said has been an inconsistent company in a difficult business, he believes that its recent success means that it's now "bankable." "It's a buy because it's a surprise ... because people will now see Crash ... buy the Crash DVD," he said. Plus, Cramer believes that actors and actresses that haven't worked with Lionsgate will sign on now. He said that it's a $1 billion company that could be a $4 billion or $5 billion company, because that's what happens when companies win an Oscar. Right now, it's a $9 stock that no one on Wall Street cares about, making it a great time to get in. He said that there are money-making ideas all around, everywhere from the Oscars to the company down the street. He also recommended taking a look at Corning(GLW Quote), the maker of glass for big-screen televisions. "That's a home run," he said.Back in Favor
Cramer made his name and career making rich people richer for more than two decades, which he called "an ignoble career." So now he wants to make money for everyone else.
"I learned how the game can be played for you. ...There's a system out there. It doesn't want you in. It doesn't want you to benefit," he said.
That's why he has his radio and television shows, and why he still invests to make money for his ActionAlerts PLUS charitable trust.
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