The deal brings with it potential costs savings of $100 million in the first year and $80 million in the following two years.
According to Cramer, Republic has a 18% long-term growth rate and has the potential to be a $40 stock. >
A New Tech Guy
Cramer introduced John McGlade, chief executive officer of Air Products(APD) to the show. McGlade told Cramer that APD is doing well enough that it can continue to raise prices despite the tough economic times. He also said the company had recently issued patents in the area of lithium ion batteries, which may be the future of hybrid vehicles. While it is working on that technology, it is currently supplying oxygen to Duke Energy(DUK) for the gasification of coal to make power. Cramer likes McGlade because he is a "new technology guy," and that investors should "buy APD."Final Notes
Cramer said investors should buy Research in Motion(RIMM) on the pullback.Am I Diversified?
The first caller asked about Costco(COST), Raytheon(RTN), Joy Global(JOYG), Proctor & Gamble(PG), and Chesapeake Energy(CHK). Cramer liked his diversification, saying it was "well-played." The next caller had Alcoa(AA), Apple(AAPL), Harley Davidson(HOG), Ford(F), and Solarfun(SOLF). Cramer noted Solarfun is a "spec," and Apple is like "playing with fire." He also said the caller should dump Ford and pick up Raytheon.- Loading Comments...
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