Mad Money Recap
Cramer's 'Mad Money' Recap: Up the Dow Staircase
05/21/07 - 07:32 PM EDT
Finally, Altria MO, which Cramer also owns for his charitable trust, is up a "measly 10% this year, Cramer said. "That's not enough." All of these six stocks, he said, have upside and are worth owning.
Credit TSS
The next company that could be bought and whose stock players should consider owning is Total System Services TSS, a debit and credit card information processor, Cramer told viewers. All of the financial information processing companies are being taken over left and right, he said. He said it's amazing how many companies out there are still independent. TSS is the subsidiary of Synovus Financial SNV, and though Cramer doesn't usually recommend a subsidiary over a parent company, he believes that TSS could see a lot of upside if it gets sold to a private-equity firm. Moreover, TSS has great fundamentals coupled with "solid" double-digit growth, no debt to speak of and margin expansion, Cramer said. One thing making this difficult is that he can't determine whether TSS or Automatic Data Processing ADP, another transaction processing company, will get taken over first. "If it were up to me, I would own them both," Cramer said. However, he did say that TSS has the "added advantage" of being cheap and not to pay more than $34 for TSS or it would "cut off the upside." During his "Sudden Death" round, Cramer was bearish on Synopsys SNPS.The sodamaker has turned around under CEO Neville Isdell. Plus, Cramer's game plan for the coming week.
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