Mad Money Recap
Cramer's 'Mad Money' Recap: Seeing Red in Security
03/07/06 - 07:36 PM EST
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"Last night there was a special two-hour [episode] of "24" on Fox," Jim Cramer told viewers of his "Mad Money" TV show Tuesday, and this can make you money because, he said, watching "24" makes everybody in the nation long for a fascist police state. When Cramer thinks police state, he wants to buy FLIR SystemsFLIR. We're spending a lot more money on security and surveillance, he said, and it's going to FLIR, a thermography and imaging powerhouse. Cramer said that the company makes infrared technology that enables users to see through things, so rather than buy body armor, the Department of Defense buys infrared cameras. Most of FLIR's money comes from the military, and that will continue, he said, but he believes the company could also make a killing in port security. Turning his attention to the recent Dubai ports deal, Cramer said there are two ways the controversy can be resolved. Either the Democrats will "out xenophobe" the Republicans and kill the deal, or FLIR will make money, he said. He doubts that the Democrats will stop the Dubai deal, meaning that the United Arab Emirates will soon run some of our ports in the U.S. When that happens, he said, the U.S. will have to take care of port security on its own, and that will mean more business for FLIR. The company also makes devices that help detect intruders on ships while they're in the harbor, and devices that allow security checks against smuggling and other illegal operations that can't be detected with video cameras or radar, he said.
Plus, FLIR makes night vision and thermal imaging devices that allow ships to see further through fog and smoke, Cramer added.
And even though the company missed its 2005 revenue estimates, it still made its earnings target, he said.
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