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Cramer's 'Mad Money Recap': Woodward Governor's Big Wind Power Play

05/14/08 - 07:48 PM EDT

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TheStreet.com Staff
TheStreet.com Staff

Yet much of Wall Street treats Woodward as a mere cyclical company, noted Cramer. He said the estimates for the company are way to low and the analysts "just don't get it."

Woodward trades at just 18 times its forward numbers with a paltry 12% long-term growth rate. This despite the fact that the company grew at 19% this past quarter alone. "It knows how to deliver," said Cramer, who estimated the company's real growth rate at 27.8%.

Cramer said that Woodward has everything we wants from a "new" tech company, and he targets the stock at $53 a share.

Investing in Organic Growth

Cramer welcomed back Bruce Carbonari, president and CEO of Fortune Brands FO, to the show to discuss his company's current outlook.

Cramer last recommended Fortune on Feb. 7. While the stock is up a modest 7% since then, the company missed its earnings estimates by three cents a share and narrowed its guidance, both of which raised eyebrows for Cramer.

Stockpickr

Carbonari said that while his company is forced to ride the trends in the housing market, most of Fortune's products appeal to the remodeling market and not the new home market. Cramer noted that 67% of the company's home products sell into the more stable remodeling market.

When asked about Fortune's decision to sell its US wine business to Constellation Brands STZ, Carbonari said the decision was made because of the shallow returns that segment provided to the company.

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At the time of publication, Cramer was long Goldman Sachs, Schering-Plough and Corning.

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