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Cramer's 'Mad Money' Recap: It Takes a Thief

03/08/06 - 07:36 PM EST

TheStreet.com Staff

Click here for an archive of Cramer's "Mad Money" recaps.


Identity theft could make you a lot of easy money, Jim Cramer told viewers of his "Mad Money" TV show Wednesday, if you buy Intersections(INTX - Cramer's Take - Stockpickr).

There were more than 686,000 reported identity theft cases in 2005, but Intersections is working at putting an end to an increasingly rampant problem by helping consumers catch identity fraud early.

The company provides customized credit management and identity-theft detection, protection and recovery services, Cramer said. And almost all of its revenue comes from the identity-theft and credit-management services.

Better yet, the company has no analyst coverage, meaning that it is likely priced too low, he said.

Cramer did not overlook the fact that the company messed up badly a few months ago and missed its quarterly numbers. "No one trusts them now, and once a little stock like this alienates people, they don't come back for a while," he said.

But he believes that the stock is cheap and that the pessimism has been priced in. He told a caller that the company said it had the shortfall because it pushed back some projects.

In another caveat, he said that the company's market cap is only $150 million. Use limit orders when you buy "or you will get ripped off," he said. "If you use market orders, I guarantee you will lose money."

Noodlicious

The New York Times reported that a noodle craze is sweeping through East Asia, and Cramer said that there's money to be made on the company that makes this latest food fad.

He said that the company is House Foods and that it should be purchased in Japan, where it trades on the Tokyon Exchange under the number 2810.

Cramer said that he usually hesitates to recommend stocks on overseas indices and that it's a risky play, but he also believes that this stock could be worth it.

The company not only has all of Asia to sell its noodles to, but its products also will hit shelves at Whole Foods(WFMI - Cramer's Take - Stockpickr) here.

They are apparently "yuppie ambrosia," Cramer said, adding that they've been featured on several television shows. They're incredibly popular, he said, and they could be the next big food fad in America, too.

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At the time of publication, Cramer was long ABB and Procter & Gamble.

Jim Cramer, host of the CNBC television program "Mad Money," is a Markets Commentator for TheStreet.com, Inc., and CNBC, and a director and co-founder of TheStreet.com. All opinions expressed by Mr. Cramer on Mad Money are his own and do not reflect the opinions of TheStreet.com or its affiliates, or CNBC, NBC UNIVERSAL or their parent company or affiliates. Mr. Cramer's opinions are based upon information he considers to be reliable, but neither TheStreet.com, nor CNBC, nor either of their affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Cramer's statements are based on his opinions at the time statements are made, and are subject to change without notice. No part of Mr. Cramer's compensation from CNBC or TheStreet.com is related to the specific opinions expressed by him on "Mad Money."

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Some of the stocks mentioned by Mr. Cramer on "Mad Money" are held in Mr. Cramer's Action Alerts PLUS Portfolio. The Action Alerts PLUS Portfolio contains all of Mr. Cramer's personal investments in publicly-traded equity securities only, and does not include any mutual fund holdings or other institutionally managed assets, private equity investments, or his holdings in TheStreet.com, Inc. Since March 2005, the Action Alerts PLUS Portfolio has been held by a Trust, the realized profits from which have been pledged to charity. Mr. Cramer retains full investment discretion with respect to all securities contained in the Trust. Mr. Cramer is subject to certain trading restrictions, and must hold all securities in the Action Alerts PLUS Portfolio for at least one month, and is not permitted to buy or sell any security he has spoken about on television or on his radio program for five days following the broadcast.


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