It's true that Barrick's finding costs have gone up, but that stems from mining issues that should be resolved in the near future, he said. Plus, the company has a new generation of mines becoming active, which should further reduce costs, and the stock does not have a lot of political risk. It is the "ideal gold stock" to own, Cramer said.
Athena, I Had No Idea...
All week Cramer told viewers he's looking at opportunities in overlooked initial public offerings. In his third installment of the series, he named
Athenahealth (ATHN Quote - Cramer on ATHN - Stock Picks) "probably the best" of his overlooked IPO lot, although "by far, the most expensive."
The company, which came public on Sept. 20, belongs to the pantheon of health care-solution stocks like
Quality Systems (QSII Quote - Cramer on QSII - Stock Picks) and
Allscripts Healthcare (MDRX Quote - Cramer on MDRX - Stock Picks), Cramer said.
Cramer gave Allscripts the nod two days before Athenahealth's IPO. He said he didn't pay attention to the public offering when it happened. Cramer believes it is still early enough to get into Athenahealth, and because market players probably wouldn't have been able to get into the IPO anyway, they haven't really missed any gains here, he said.
Athenahealth, he said, is in the same business as Quality Systems and Allscripts, but conducts its business solely over the Web. "The market for this stuff is massive and it's nowhere near fully penetrated," Cramer said.
TheStreet.com Staff
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