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For an "Executive Decision" segment, Cramer spoke with Bob Martin, president and CEO of Thor Industries (THO) , a stock that's off $40 from its highs back in January, despite posting an 11-cents-a-share earnings beat on a 24% rise in revenues year-over-year.
Martin said the he doesn't run the company on a quarter-by-quarter basis, but thinks longer term. He said based on their analysis, the steel and aluminum tariffs will have little effect on their business because most of their steel is sourced domestically.
When asked about labor costs, Martin admitted that labor is tight in northern Indiana, where Thor is headquartered, but they are expanding in both Idaho and Ohio as well as further into Indiana to find the workers they need.
Turning to the topic of millennial consumers, Martin said that the millennials are a bigger segment than the boomers and Thor is actively talking to younger buyer and catering to them with smaller, more affordable RVs that have all the comforts of home. He said the entire industry is catering to millennials, with many campgrounds upgrading to more amenities and even wifi in many locations.
Cramer called Thor a good stock and one he's continuing to recommend.
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