Continuing a theme of "pimpin' all over the world" seeking foreign investments, Jim Cramer's latest pick is Laureate Education ( LAUR - Get Report) for its gowth in the en fuego markets of Europe and Latin America, he told "Mad Money" viewers Friday. Laureate, formerly known as Sylvan Learning Systems, is based in the U.S. but operates for-profit colleges in Europe and Latin America, including Mexico, Chile and Brazil. What caught Cramer's attention, though, is that Laureate just bought the fifth-largest university in Brazil, where only 18% of 18-to-23-year-olds are in college compared to 81% in the U.S., he said. So, there is a lot of room for growth. For-profit colleges are the norm in Brazil, representing about 80% of the Brazilian higher-education market, said Cramer. Whereas for-profit colleges in the U.S. have been plagued by lawsuits, they have "relatively free reign" in Latin America, he said. The governments there have too many other things to worry about and don't have the time or inclination to "harass Larueate," he said.
Seagate Warrants AppreciationSeagate Technology ( STX - Get Report) raised guidance Thursday by about 10% for the quarter, Cramer said, and the stock was up only about $1. Today it was down 46 cents. "That's not right," said Cramer. Cramer believes Seagate's stock was down Friday because investors have stopped caring about disk drives, which Seagate makes. Investors are so focused on competing flash memory technology, he said, that "nobody cares about Seagate." Flash is great, said Cramer, but disk drives aren't going away. Wherever backup storage is needed, hard drives are the choice because they are so much cheaper. In fact, many of the gadgets in the Cramer tech rally such as digital video recorders and some iPods use hard drives, he said. Cramer believes the Seagate story has "legs" into the first quarter. What if the market continues to overlook Seagate? Cramer said Seagate is a real favorite among private equity investors. They would probably take the company private, he said, as they have done once before. In response to a question about Komag , Cramer said he hasn't been able to overcome the pain of watching Komag go into bankruptcy -- even though it has emerged -- and he is not a fan of the stock. He also does not like Hutchinson Technology ( HTCH).
Canadian Bank RollCramer is bullish on the Royal Bank of Canada ( RY - Get Report) because of the possibility conservatives might win the January election there. Canadian banks have been performing well even in an environment of rising interest rates and net interest margins under pressure, he said. And, all banks stand to benefit if conservatives win. But Royal Bank of Canada should do especially well because it is the largest bank in Canada, pays a 3.1% dividend and has seen a "significant increase" in its wealth management division over the last two quarters. If the conservatives win, the rich will get richer, as always happens, he said. Finally, two unresolved issues that are likely to be decided favorably for the banks if conservatives win are changes that would make it easier for Canadian banks to merge and a dividend tax credit, said Cramer.
VeriSign's GreenStratton Sclavos, CEO of VeriSign ( VRSN - Get Report), joined Cramer by telephone. Cramer asked Sclavos which businesses are strong, and why VeriSign purchased its ring-tone business, "because that's what I'm most worried about." Sclavos said Internet security was strong as well as the dot-com and dot-net domain name business. The ring-tone business has "suffered through some dramatic growth periods this year and now has declined a little bit the last two quarters," he said. Nevertheless, cash flow and operating income are at record levels, he said, and "we're pouring a lot of that money back into the stock buyback." Cramer asked about VeriSign's plans for radio frequency identification (RFID). Sclavos said, "The same systems that we use today to deliver dot-com and dot-net services ... we've now repurposed to be the master directory for electronic product codes that these RFID tags are going to hold on them." Any time an RFID tag is read, it will be looked up on VeriSign's servers, he said. Cramer summed up the interview saying "this is one of those dot-com companies that came back down that is, I think, ready to roll -- I think this stock goes higher." To view Cramer's interview with Sclavos,
Lightning RoundBullish Cramer was bullish on RF Micro Devices ( RFMD), Dean Foods ( DF), Qualcomm ( QCOM), Taiwan Semiconductor Manufacturing ( TSM), Amgen ( AMGN), LeapFrog Enterprises ( LF), Amazon.com ( AMZN), Boeing ( BA), IntraLase Sears Holdings ( SHLD), Best Buy ( BBY), Parker-Hannifin ( PH), Emerson Electric ( EMR), Ingersoll-Rand ( IR), Toyota Motor ( TM), Prudential Financial ( PRU), MetLife ( MET), Norfolk Southern ( NSC), Canadian National Railway ( CNI) and Manulife Financial ( MFC). Bearish Cramer was bearish on Skyworks Solutions ( SWKS), UTStarcom ( UTSI), Harley-Davidson , Nissan Motor ( NSANY), Sasol ( SSL), Oracle ( ORCL), Affymetrix ( AFFX) and Aflac ( AFL). For more of Cramer's insights during the Lightning Round,