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NEW YORK (TheStreet) -- Can investors afford to go against the grain in the this volatile stock market? Jim Cramer asked on Mad Money Thursday. His answer? Don't expect big gains before first feeling a lot more pain.
Cramer said the industrials are the perfect example of his thesis. The industrials were soaring along earlier this year under the premise that the world was returning to normal and any chance of a recession was long behind us. But in recent weeks and months that thesis changed as earnings turned negative, China appeared to stall and now Europe could easily slip back into recession thanks to Russian sanctions.
Executive Decision: Tim TaftFor his "Executive Decision" segment, Cramer sat down with Tim Taft, president and CEO of Fiesta Restaurant Group (FRGI - Get Report), the Mexican restaurant chain that just posted a penny-a-share earnings beat on a 6.7% rise in same-store revenue. Shares of Fiesta are up 5% since Cramer first mentioned the stock on July 16. Taft called his company a "well-kept secret" to many investors. That will change over time as Fiesta continues to grow and put up great numbers every quarter. Taft noted that some of the Miami restaurants are serving 500 cars a day through their drive-thru windows alone. Thanks to eliminating cumbersome products from their menus, their kitchens continue to streamline their operations. When asked about the growing trend towards Mexican food, Taft said Hispanics continue to be be fastest-growing demographic in America. Beyond that, there are lots of strong regional players that are all attracting customers of all ethnic groups.
Read More: Lululemon Is Surging Because Chip Wilson Did This Taft said he's confident Fiesta Group will eventually become a national player, but for the time being, it is proving it can expand outside of its home turf of Florida and is currently doing so in Texas. Cramer called Fiesta Restaurant Group a very exciting story.