Griffith said that 30% of the products his company makes didn't exist just a few years ago. With that level of innovation and execution, Timkin can deliver earnings power even at only 50% factory utilization.
Griffith was also bullish on Asia, particularly in China, where he said government stimulus is starting to translate into orders for Timkin. He said things are also picking up in India, another big market for the company. Here at home, Griffith noted that low U.S. energy prices are driving profitability for his company as well as for its customers.
When asked about the truck market, Griffith said Timkin is seeing a pickup in truck demand in Asia and expects to see the low levels of production in the U.S. to strengthen as well in 2013.
Cramer said Timkin typifies everything we want from American manufacturing as well as in an investment. He continued to recommend the stock, saying that 2013 with "be amazing" for this company.
Wake Up, AppleIn the aftermath of Apple's disappointing earnings and the stock's subsequent 12.5% haircut, Cramer said Apple's management needs to wake up and realize that it's a publicly traded company and one that needs to do a better job of explaining itself. Cramer said from Apple's point of view its actions seem justifiable. The company makes some of the best technology products in the world, and makez a ton of money doing so. So why should Apple worry about these nitpicking analysts who want to dissect every component price and change in gross margin? Cramer said that public companies need to pander, at least a little bit, to the analysts if they expect them to continue to be excited about recommending their stock. With Apple's perceived arrogance about answering questions, it's no wonder the analysts were out in droves today downgrading and cutting targets for Apple shares. Apple remains a great company, he said, but it needs to give the analysts at least a morsel of insight or humility in order to keep them happy.
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