There is more to Platform Specialty Products than simply activist investor Bill Ackman owning the stock, says Christopher Tsai, President of Tsai Capital Corporation. He likes the specialty chemical manufacturers long operating history, experienced management, strong cash flow and high barrier to entry. Tsai is also bullish on shares of Colfax Corporation, which he says has great exposure to emerging markets and an impressive ability to reduce costs. Finally, Tsai says he is a fan of Visa's stock, saying the credit card giant's shares are not overpriced considering the company's extraordinary growth.

More from Video

Crunch Franchise CEO Wants to Be 'Starbucks of Fitness'

Crunch Franchise CEO Wants to Be 'Starbucks of Fitness'

Looking Ahead to Wal-Mart and Nordstrom Earnings

Looking Ahead to Wal-Mart and Nordstrom Earnings

Cramer: I Love Our Financial Stocks!

Cramer: I Love Our Financial Stocks!

Elon Musk Wants Tesla Private But Electric Car Rival Fisker Wants to Go Public

Elon Musk Wants Tesla Private But Electric Car Rival Fisker Wants to Go Public

Jim Cramer on Canopy Growth's New $4 Billion Stake From Constellation Brands

Jim Cramer on Canopy Growth's New $4 Billion Stake From Constellation Brands