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Jim Cramer's 'Mad Money' Recap: Next Week's Game Plan

Executive Decision: Manny Perez De La Mesa

In a "thinking of summer" edition of his "Executive Decision" segment, Cramer spoke with Manny Perez De La Mesa, president and CEO of Pool Corp (POOL), the swimming pool company that derives 13% of its business from new pools, 29% from refurbishing older ones and the rest from pool maintenance supplies. Shares of Pool are flirting with new highs despite having come off a horrible winter.

Perez De La Mesa said the pool business is still in the early phases of recovery and has a long way to go. He said his company's earnings would be even stronger if you subtracted the negative pull from new store openings and acquisitions.

When asked about his business, Perez De La Mesa said Pool Corp is taking share across the board, even though it competes with everyone from smaller stores to mass merchants. Their advantage lies in the company's people, who knowledgeably staff the 220 locations.

Turning to the topic of this year's rough winter, Perez De La Mesa said since most pools are closed during this time, it's not really a factor, although his company's maintenance and repair business remains brisk.

Must Read: Jim Cramer's 'Mad Money' Recap: Surprise! It's a Rally

Cramer said he wishes this stock would pull back so he could buy in.

No Huddle Offense

In his "No Huddle Offense" segment, Cramer told viewers to be careful when it comes to the slew of seemingly red-hot IPOs that have been flooding the market of late.

While many of these companies are in sexy industries like the cloud and biotech, Cramer said the fact is that many are losing money and their IPOs are artificially engineered to spike on their first day of trading.

Many of these stocks will drift lower, Cramer warned, and many of those will undoubtedly have to issue even more stock in a few months time, sending shares sharply lower. Cramer said investors need to sell when the insiders do, and often that's on day one.

To watch replays of Cramer's video segments, visit the Mad Money page on CNBC.

To sign up for Jim Cramer's free Booyah! newsletter with all of his latest articles and videos please click here.

-- Written by Scott Rutt in Washington, D.C.

To email Scott about this article, click here: Scott Rutt

Follow Scott on Twitter @ScottRutt or get updates on Facebook, ScottRuttDC

At the time of publication, Cramer's Action Alerts PLUS had no positions in stocks mentioned.
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