Starbucks is now nine points off its highs and trades at just 23 times earnings with a 20% growth rate. That's a deal that's just too hard to pass up, concluded Cramer.
Here's what Cramer had to say about callers' stocks during the "Lightning Round":
Pitney Bowes (PBI): "I have to be worried about their dividend. It yields 10% and that's a warning sign."Crown Castle (CCI): "They are real good. So is American Tower (AMT). I'm with them all the way." Boeing (BA): "I think Boeing is terrific. BA is a buy, buy, buy." InterDigital Communications (IDCC): "I want you to take the money and run. " Tibco Software (TIBX): "It's been acting badly, but I think its got momentum under $30. After that, I'm tired of getting beaten up."
Executive DecisionWith natural gas at record lows, Cramer sat down with Frank Semple, chairman, president and CEO of MarkWest Energy (MWE), in the "Executive Decision" segment to find out how this natural gas gathering, transportation and processing master limited partnership is fairing. MarkWest currently pays a 6.3% yield. Semple said it's been a ugly few weeks for the oil and gas MLPs as the decline in the price of oil has hit the sector hard. He said the uncertainty in global markets has been rough for the group and MarkWest needs to do a better job of explaining that it hedges its downside and the vast majority of its margins stem from fee-based operations. Semple said the "conventional wisdom" says that natural gas liquids like butane and ethane must be going down along with the price of natural gas, but that notion is false. He said the U.S. continues to produce a ton of ethane, for example, and that gas is still in demand. "The long-term future for ethane is bright," he concluded. When asked about MarkWest's investments in the Utica shale region of Ohio, Semple said that estimates are for natural gas demand to increase by 17% by 2020, which makes that region the right place to be. He said power generation and heating will remain the primary drivers for natural gas but transportation demand is also slowly building, it's just taking awhile.
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