When asked about China, Pinchuk explained that unlike the U.S., where cars on the road average 11.5 years old, in China they're mostly new, meaning the repair wave is only just beginning.
Finally, Pinchuk touted the oil and gas industry as another area of growth. He said Snap-on is making tools that no one else makes for that growing sector of our economy.
Cramer said he remains a big fan of Snap-on.
Executive Decision: John McAvoy
CNBC SilverCelebrating the 25th anniversary of CNBC, Cramer took a moment to talk about how business has changed over the past 25 years, and what it has meant to him to be a part of it. Cramer said when CNBC first started he was skeptical the new network would ever work. Back then, he said, the notion of having a TV in your office and watching TV while you worked was ludicrous. But business news was very limited back then, and CNBC soon proved its worth and gained traction.
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