Following Up Stocks
In a "Homework" segment, Cramer followed up on a few stocks that stumped him in earlier shows.
Cramer said that
, an office supply distributor, is an interesting story, and one that's benefiting from the economic recovery. But, he added, the company will also suffer from higher fuel and commodity prices, so he would not be a buyer, especially after such a big gain in the stock.
Cramer said that
, a development stage biotech company, is also not on his recommended list. He said that Ironwood, which has no revenues and no products, is playing the FDA lottery, banking on drug approvals that may, or may not, ever materialize. "I don't like the risk reward on this one," he concluded.
Finally, Cramer said that
Navios Maritime Partners
, which operates 12 ships that transport grain, iron and coal among other things is one more company that he cannot recommend.
Cramer said while the company's 8.6% yield is safe for now, there are still way too many ships available for current global demand. He would stay away from Navios, and its parent
Navios Maritime Holdings
Cramer was bullish on
(CHS - Get Report)
(CNX - Get Report)
(BTU - Get Report)
(WLT - Get Report)
Acuity Brands Inc
(AYI - Get Report)
He was bearish on
In his "No Huddle Offense" segment, Cramer sounded off against the critics who accused Jeff Lunsford, CEO of
, of using "Mad Money" to pump up his stock so that he could issue a secondary offering of stock.
Cramer said secondary offerings are always part of the equation with growing companies, which is why Cramer asked Lunsford about the possibility when he last appeared on "Mad Money" on Feb 14. Cramer noted that Lunsford acknowledged the possibility of a secondary at that time, and even with today's loss in the stock, investors who got in then are still up 7.6% in two weeks.
"If you like a stock, buy it; if you don't, sell it," said Cramer, who also said he's worried about companies with amateur investor bases that are in it for a quick buck and are skittish on any negative news. "Did the CEO do anything wrong? No," he said "Are CEO's allowed to talk positively about their companies? Of course, they are." he said.
--Written by Scott Rutt in Washington, D.C.
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