Did you miss "Mad Money" on CNBC? If so, here are some of Jim Cramer's top takeaways.
In an "Executive Decision" segment, Cramer checked in with Ward Nye, chairman, president and CEO of Martin Marietta Materials (MLM) , a stock that's fallen $5 from its highs earlier this year.
Nye said even without a federal infrastructure bill, their public sector business is increasing thanks to individual states picking up the slack. He said states are getting more projects ready to go and they expect volumes to be up 4% to 6% this year.
That trend is especially hot in Texas, where the Department of Transportation is expected to spend over $70 billion on roads and bridges in the coming years. Martin Marietta is the largest supplier of aggregates, cement and concrete in the area of Texas known as the Golden Triangle.
The oil industry is another driver in the Texas market, where shale drilling is once again on the rise.
Beyond Texas, Nye was exciting about the acquisition of Bluegrass Materials, the largest privately-held aggregates company. Martin Marietta has agreed to pay $1.6 billion for the company.
Cramer said shares of Martin Marietta Materials are just too cheap given how strong their business has become.
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