Identity theft could make you a lot of easy money, Jim Cramer told viewers of his "Mad Money" TV show Wednesday, if you buy Intersections ( INTX). There were more than 686,000 reported identity theft cases in 2005, but Intersections is working at putting an end to an increasingly rampant problem by helping consumers catch identity fraud early. The company provides customized credit management and identity-theft detection, protection and recovery services, Cramer said. And almost all of its revenue comes from the identity-theft and credit-management services. Better yet, the company has no analyst coverage, meaning that it is likely priced too low, he said. Cramer did not overlook the fact that the company messed up badly a few months ago and missed its quarterly numbers. "No one trusts them now, and once a little stock like this alienates people, they don't come back for a while," he said. But he believes that the stock is cheap and that the pessimism has been priced in. He told a caller that the company said it had the shortfall because it pushed back some projects. In another caveat, he said that the company's market cap is only $150 million. Use limit orders when you buy "or you will get ripped off," he said. "If you use market orders, I guarantee you will lose money."
NoodliciousThe New York Times reported that a noodle craze is sweeping through East Asia, and Cramer said that there's money to be made on the company that makes this latest food fad. He said that the company is House Foods and that it should be purchased in Japan, where it trades on the Tokyon Exchange under the number 2810. Cramer said that he usually hesitates to recommend stocks on overseas indices and that it's a risky play, but he also believes that this stock could be worth it. The company not only has all of Asia to sell its noodles to, but its products also will hit shelves at Whole Foods ( WFMI) here. They are apparently "yuppie ambrosia," Cramer said, adding that they've been featured on several television shows. They're incredibly popular, he said, and they could be the next big food fad in America, too.
Someone's in the Kitchen With MiddlebyOne of the stocks most asked about by callers is TurboChef Technologies ( OVEN), a company that Cramer got behind back in June while it was going up, but sold long ago. For callers complaining because the company has been hammered down to $11, they'll have to keep calling, because Cramer said he sees it languishing near $11 for a long time. The company was briefly a darling because its oven was supposed to revolutionize the kitchen-equipment business, he said. And it nailed down a deal with the Subway restaurant chain. But the real kitchen-equipment maker to invest in is Middleby ( MIDD - Get Report), Cramer said, a company that has contracts with Papa John's International ( PZZA) and Domino's Pizza ( DPZ). This is not a near-term earnings story, but a stock with a "great, long-term-growth story," Cramer said, in large part due to the major bull market in restaurants. When the restaurant industry does well, a company like Middleby should do well because these companies will buy lots of capital equipment, he said. And when a restaurant expands, the competitors have to follow suit to keep up, Cramer said, calling it a restaurant "arms race." Middleby is a good all-around merchant, with lots of different products, he said. Plus, not one of its customers accounts for more than 10% of its overall sales, he said, adding that much diversification is important in a fickle industry. It also beats out TurboChef on the numbers by having higher operating margins and generating more cash, he said. But Cramer said not to buy the stock yet, because it is scheduled to report tonight. Wait until after the conference call, he said, because no matter how well it does, there's always someone who is disappointed when a stock has done as well as Middleby has.
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BullishCramer was bullish on Carnival ( CCL), Royal Caribbean Cruises ( RCL), American International ( AIG), ABB ( ABB - Get Report), Crown Castle ( CCI), Powerwave Technologies ( PWAV), Myogen ( MYOG), Cypress Semiconductor ( CY), SunPower ( SPWR), Gilead Sciences ( GILD), Terex ( TEX), Hexcel ( HXL). Costco ( COST), NMT Medical ( NMTI), Procter & Gamble ( PG), Northeast Utilities ( NU), Abbott ( ABT)and Citi Trends ( CTRN).
BearishCramer was bearish on Pixar ( PIXR), O'Reilly Automotive ( ORLY), Applied Materials ( AMAT), Novavax ( NVAX), Estee Lauder ( EL)and Baxter International ( BAX). For more of Cramer's insights during the most recent Lightning Round,
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