Even if your favorite stock isn't headed to the moon, you might still win in the end if your company gets bought.
$1.63 billion buyout deal, Jim Cramer said on
TheStreet.com TV's Wall Street Confidential video
Monday that the company fits the pattern of what's happening in the market right now.
Longview is a "sleepy" company that's missed its quarter a couple of times, and the analysts who follow it "hated it" and felt it couldn't get a bid. He chose to focus on it because "there are probably a thousand companies that look like it."
In turn, he said, this comes to his point of view that two thirds of the stock market is "dramatically undervalued." Cramer said the reason for his rosy outlook on stocks is in part because companies with great growth take care of themselves and the companies that don't have great growth get bought.
"It's important for people to focus on the idea that you can win two ways," he told Task.
Although he's been hearing the "as good as it gets argument" since 1981, Cramer said there has only been one period where it was as good as it got: March 2000. This argument will always be prevalent when it's good, he said. It is the "chestnut that is so easy to keep people out."
"The odds are really stacked against people getting in," Cramer said. However, "the idea that people should get in is where I start from, as opposed to where I finish."
At the time of publication, Cramer had no positions in stock mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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