"This is the best market I've seen in six years," Jim Cramer said on his
"RealMoney" radio show Friday.
Cramer said an article in
The Wall Street Journal
today blamed a number of withdrawn initial public offerings on bad market conditions. But, he said, it's possible that the companies withdrew their offerings because "maybe these are crummy companies."
Maybe the executives at companies such as
El Pollo Loco
are getting greedy and maybe there are merchandise problems, Cramer said.
But there have been a number of great IPO stories, he added, citing defense contractor
, voice and communications company
( APKT) and health insurer
"Those deals get done when others get shelved," Cramer said.
You must get out of staples, Cramer iterated Friday. He told listeners to get out of
, and into
, as well as companies with casual-dining chains such as
Additionally, Cramer said
are restaurant plays.
Cramer also recommended homebuilders, which are down today after a disappointing report from
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