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tv   Mad Money  CNBC  October 11, 2012 6:00pm-7:00pm EDT

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check out the final trade in our web extra. meantime, "mad money" with jim cramer is up right after this. i'm jim cramer. welcome to my world. >> you need to get in the game. >> firms are going to go out of business, and he's nuts. they're nuts. they know nothing. >> i always like to say there's a bull market somewhere. >> "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money." welcome to cramerica. other people want to make friends. i'm just trying to save you a little money. my job is to entertain and educa educate. call me at 1-800-743-cnbc. the gulf is huge, wide and growing. both sides are digging in their heels, getting set in their ways, growing more vociferous and partisan. sometimes it looks like the name calling and disagreements are so
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wide it looks like there is no hope whatsoever for compromise. i'm not talking about the race for the white house, silly. i'm talking about the battle between the bulls and the bears and the soul of the market, one that played out today with the averages rallying in the morning and getting slammed in the afternoon. dow closed down 14 points. nasdaq barely advanced .08%. it's been ages since i have seen a market where every back alley is contested. tonight i'm going to set out in real life how hand to hand this warfare is by laying out six cases of brutal partisan skirmishes that determines how the market comes out every day. six small unit actions that represent firing and maneuvering over every square foot of ground that needs to be taken. let's deal with the obvious battles like the one over employment. we know the political side of things, charges about phony
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numbers that show a profound change in hiring patterns like today with a market improvement and jobless claims. i could care less about the politics. i think the improvement in hiring explains changes in retail. also helps to explain the interest in the newly minted real realogy. all signs point to an improving housing market. today we learned the banks own fewer homes than they used to. foreclosures are down so new housing construction can't be far away. i think because of the employment number. but it's not just the politically motivated obama bashers that rebel against more robust employment numbers. the stock market bears say forget the numbers. they say i'm all washed up and the retail cohort is an accident waiting to happen. same store sales numbers are pumped up they say by actions or the money the fed is printing ending up in the coffers of retailers. they say it's artificial, not long lasting so bet against the
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retailers. they are not up for a good reason. sure it might be strong today but the hot ipos with the possible exception of linkedin skalted people. housing? according to the bears the numbers are relative to where they were it's not even meaningful to the economy. second battle, as plain as the hornet's nest or normandy beach in world war ii is the fiscal cliff. the bulls say it's not a cliff, more of a hill. a gentle and negotiated descent if it happens at all. to the bears it's one of the 2000-foot crevasses, an everest-style thing made worse by the fact the race for the presidency is so polarizing and long lasting. if you think it's difficult wait until the tea party owns the republican party in january. how about the earnings for 2013? want to see where the battlefield is most dark? consider the knife fight over
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fed ex press. the bears say this worldwide transport guided down not once but twice within a fortnight and posted a company in steep decline from the stem of asia to the stern of europe. the bulls have a knife shortened when they talked about next year being a good one and then a great one, taking no prisoners. hard to quibble with a winner. fedex is above where it was when it announced a shortfall but above the national negative preannouncement. you would think the bears would be waving the white flag. this is more of an outlaw josie wales situation. the war never seems to end. what else? we need china back online. give the bulls the upper hand. so what happens? how about a major american company that says the quarter will be the bottom for china and this stimulus will kick in huge next year so the chinese are going from head wind to tail
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wind. but how about a company that guides down for 2012 because of china? and admits that the people's republic will force analysts to slash their numbers. turns out we have a spy who came from the cold double asian situation because the company says negative things about the communists is the same one portraying the positive vision, too. alcoa which gave us the views of their conference call. then there is the animal spirits from the number of transformative deals. last week was the worst for ipos. deal after deal breaking price or going below where it is issued. dave & busters pulled their deal entirely. one of the lowest concentrations of mergers and acquisitions anyone can recall during the first nine months of the year. then today we have every ipo going to an instant premium. in what might be the hottest deal since linkedin as they show
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100% revenue growth. could there be anything more exciting than a takeover bid for sprint, the one we have been behind since it was at two bucks. today it was at $6. perhaps yes. clearwire, a company considered road kill just waiting for the turkey buzzards and the maggots to work their curious magic. finally in what may be the greatest syops i can recall, apple shareholders burned down a village to save it today. what could be more bullish for apple than three well capitalized players wanting to ply you with iphone. as well as a fourth player t mobile needing apple. the bears, o they were underneath. you were, pal. you were really just there. chomping down on apple, tearing at the bullish psyche behind the
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move. questioning, questioning. would steve jobs approve of the direction of the company? would he fire cook or is there a direction at all? this piece of apple real estate changed hands intraday with the bears in charge giving the stock decline. i smell a manchurian candidate. we don't know who will win but in politics the divide grows increasingly vicious and confusing. here's the bottom line. whether it's the employment numbers, the steepness of the 2013 fiscal terrain, magnitude of earnings short falls or the surprises. the state of china's fortunes and the bipolar mine field of apple everything seems to be on the line every day. this is more confused by the fog of war than any i can recall for a long time. nate in california. nate.
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>> caller: cramer the dog, what's going on? >> the usual. what's going on? >> caller: i want to talk ebay. >> let's chat ebay. >> caller: all right. i bought it a few months ago. we both liked the stock. you have mentioned it a few times. it's up a little bit from a few months ago but it's on a dip now. they just released the new grouponesque thing with the daily deals. what do you think? >> i hate to use the word groupon within maybe a 42-mile radius of ebay. ebay is a terrific company if it were just a market. you know, the online flea market but it would be worth less. paypal is the future. nate the, i have to tell you. action owners owns ebay. the coresearch director with me thinks it's worth more than $50. ed in texas, please. ed. >> caller: boo-yah, jim, from ed in houston where the oil economy is pretty good.
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we know there are super low interest rate environments pushed boat loads of investors away from fixed income and then to stocks. my question is where does it end? obviously there is a limit on the amount of funds available to stocks. some investors will continue to hold cash. do you see downward pressure on stocks as the available cash dries up? >> first it ends for the texans on sunday night. that's against green bay. here's the deal. everyone has tried to look to this issue saying, listen, it's the bubble in yield going to pop. these companies haven't even started to raise dividends the way they can. they can borrow money in the public markets and buy back stock, increase the price of the stock, give you a bigger dividend. i think people are looking at this statically. how about if the dividend increases dramatically like it did for wearhouser tonight and
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other companies. the dividends are going higher. these aren't treasury bonds. they are organic. they live. just in time for the vice presidential debate p there was a great divide on the street today. when animals attacked, the bulls and bears go at it again. i'm here to figure out who's going to win this game. "mad money" will be back. >> announcer: coming up, utter success? dean foods got a pop after spinning off the organic food biz. can it continue to milk the gains? cramer pores over the details as nbc's healthy week continues. later, red hot? the mercury keeps rising on cramer's 4-q hot list of stocks that could close out the year with a bang. so far, six have been added. tonight, two more forces of momentum join the anointed stocks. stay tuned. the big reveal is next.
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plus, lone star? everything's bigger in texas. in this state, there is no larger fuel franchise than susser holding's stripes stations. does the state's oversized job growth make this company something to fill up on? find out when cramer talks to the ceo. all coming up on "mad money." ♪ >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer, #madtweets. send jim an e-mail to or give us a call at 1-800-743-cnbc. miss something? head to ♪
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♪ it's healthy week at nbc universal. i have a terrific under appreciated health play for you. i'm talking about dean foods, the largest maker and distributor of dairy products. you know it as every other
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brand. i don't consider it a health stock. i have long been a fan of them because they have a healthy organic foods division called white wave alpro. they sale horizon organic mill, soy, almond, coconut milk. this is the wave of the future. i thought this white wave would be a terrific spin-off, didn't need to be under dean foods's roof. sure enough, august 7 dean foods took our advice and realized breaking up is easy and profitable to do filing for an ipo which caused dean stock to rocket from $12 to $17 and change instantly after the ipo was expected to raise $300 million they could use to pay down debt. they have a lot of debt. still own part of whitewave and the market would get a hot organic business an independent evaluation no longer lost within a commodity milk company.
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that should make dean and whitewave go substantially higher, but dean foods wasn't finished. they have caught break-up fever. management is trying to unlock value for shareholders by breaking off divisions worth more separately than under the same roof. ceos like to make companies larmger and sometimes it leads to bigger bonuses. greg engels of dean foods is committed to putting shareholders first. september 26 he announced the sale of the morningstar business which makes creams, coffee mixes, whipped toppings and blended iced beverages. that sounds like something b & g should be buying? morning star sells mostly to food service. dean foods hasn't found a buyer but the talk is they could sell for a billion dollars. that's too big for b & g. the stock has been falling since
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dean foods spiked up to $17.46 on the announcement of the whitewave ipo. it's now back to $14.65, almost as if it's doing nothing to enhance the shareholder value when dean is doing a ton. there are reasons why dean foods has been coming down. just today ubs cut estimates based on worries about food cost inflation pointing out fluid cost increases have increased by 24% since bottoming in the second quarter. that's crucial to the bottom line. it's not good. however, last quarter dean's management reported that milk inventories are high so probably shouldn't be overly concerned. they are taking out dairy business left and right. they control 38% of the market giving them pricing power. if the increase in the prices hurts dean and it probably will, this is something baked into a $14 and change share price. it could drop another buck if
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they were to slash estimates. but that's rallying nicely higher if it doesn't. i've got to tell you that's a risk/reward. now that dean foods is breaking itself up the key issue isn't the price of milk. the question is how much value dean can unlock by spinning off the white water portion and selling morningstar. the sum of the parts, i think, vastly exceeds the whole. now goldman sachs did an analysis and came up with the same number. when you break it down the organic business, organic whitewave, spinning off with the business based on where similar companies are trading, add them up. these firms say is it the sum of the parts is worth $20 a share but deutsch bank's analysis was higher. that's 36% to 46% higher than where dean foods is now.
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we agree with the valuations. we did it ourselves. this is not a case where i'm suggesting the company should break up and outlining how much money it could make if company were open minded. they have already embraced the breakup. they told us they would spin off whitewave and said two weeks ago they were selling morningstar. this is happening. the $20 sum of the parts isn't pie in the sky, no. management is doing the right thing and giving their plans $20 is where i expect this stock to go. even if dean can't find a buyer for morning star i could make the case is stock will go to $18 just on the strength of the whitewave ipo. that will give you a 23% gain. it spiked on the news the ipo was happening. i bet a strong ipo could cause dean foods to rally right back up. you have to consider the whitewave company is in the same
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pantheon as whole foods and haines slesle yal. two anointed stocks highly valued in large part because the market likes countries that recognize healthy eating is the wave of the future for years, not just for a healthy week here at nbc universal. healthy food creates healthy growth and healthy profits. as my two vegetarian daughters would tell you. for the record, they think silk is the milk of choice. bottom line. dean foods has a healthy organic division buried in the milk business. no one seems to want it. the company is breaking up, unlocking the value of the hot whitewave business. this is a terrific opportunity to buy a great break-up story at a discount to where i expect it to travel right back up. after the break i will try to make you more money.
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>> announcer: coming up, red hot? the mercury keeps rising on cramer's 4-q hot list of stocks that could close out the year with a bang. so far -- six have been added. tonight, two more forces of momentum join these anointed stocks. stay tuned. the big reveal is next. later, lone star? everything's bigger in texas. in this state, there is no larger fuel franchise than susser holdings stripes stations. does the state's oversized jobs growth make this under the radar company something to fill up on? find out when cramer talks to the ceo. all coming up on "mad money." you.
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what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. all week i have been taking you behind the scenes of the neverending wall street fashion show. uh now entering the fourth quarter and money managers start to get antsy. they know when the year ends their clients will want to see they owned the hottest stocks out there. not only that. their investors want to see they were overweight the best performers meaning they own large positions in the stocks. for many this is a matter of survival. if the end of the year rolls around and investors see they don't own any of the obvious stocks that were on fire those
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investors may pull their money out. that can hurt the survivability of faund so many managers have no choice but while the market is coming down to pay up for the stocks that have already had enormous runs. that creates the dynamic i have been talking about this week. in the fourth quarter some of the best performers are anointed even in a sell-off like they can't go out of style until the end of the year no matter how expensive they dwept get and they aren't cheap. so many hedge fund and mutual fund managers are buying them nonstop if only to show investors they were smart. they own the right ones. i have been highlighting these anointed stocks in pairs starting with amazon and google. then we have visa and master card. last night we put lipstick on a tractor with ulta and tractor supply. doesn't mean they will go straight up. that's wrong. they are hostage to the market. but as they come down, remember,
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there are buyers underneath. tonight i have two more. unlike the others they are not in the same sector. we are looking at painting and drinking. two things you shouldn't do at the same time. definitely not out of the same container. i'm talking about sherwin williams, the paint company up 67% for the year already. perhaps the best looking one-year chart on the planet and diageo which rallied 30% year to date. these are un-insinkunsinkable. when you decide to sell your house, first you give it a new coat of paint. then the new family wants to pick their own color so they repaint it again. end of the year, you better believe every portfolio manager will want to know how we played the housing rebound. if he's smart he can tell clients, i did it with sherwin williams. yesterday there was a moment when the dow was down 169 points but sherwin williams was up. that's an important tell.
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gives you an idea how resilient the anointed stocks are. sherwin williams pulled back more than a dollar today. this is the opportunity to start a position in a stock that's been roaring all year. again, this is not a guarantee that the stock wills go up. just the opposite. as the market sells off these are the stocks to go for. sherwin williams deserves to go higher. not just because the money managers will buy it hand over fist but because the business is, indeed, in terrific shape. come on, man. this is a paint company. overall sales grew 9% translating into a 31% increase in earnings per share. tremendous operating leverage. plus not only is sherwin williams selling more paint thanks to the housing rebound they can benefit from the raw materials in paint. some of the most important raw materials have stabilized or already have come down. the price of propylene declined
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as has titanium dioxide, a crucial ingredient in paint. that's a whitener. you get it in toothpaste and paint. sherwin williams is selling for 19.2 next year's earnings with a 16% long term growth rate. not cheap. but they are looking into the future seeing sherwin-williams is just 16.p 8 times # 2014 earnings estimate. based on those number thes, the out years, you can make a case that it's cheap which they do. plus you can make a case the analysts missed this one. only 12 analysts have eyes on it with three buys. the analyst community. some of them will upgrade the stock. we have the paint side covered. what about the drinking thing? that's diageo with fantastic brands including johnny walker, j & b, smirnoff, kettle one.
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bailey's. two-fisted drinker. guinness, captain morgan. jose cuervo. my cat's name. and tanqueray gin. they have the least exposure to europe. 21% of the business and the most exposure to emerging markets accounting for 40% of the sales. this company figured it out. this is the number one international spirits company in latin america and africa. by 2015 they should make up more than 50% of sales. this is the alcohol stock to own. up 30% this year. rallies more before 2012 is over. this is a master of branding. it owns 7 of the top 20 global liquor brands. each product category it has a spectrum of products, shelf space grabbers running from good to better to best. think about johnny walker. don't want to spend much?
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buy red. even though it sits at the only intersection between diageo and sherwin-williams because it goes down like paint thinner. [ rim shot ] >> 67-year-old man running on set. or pay more for johnny walker black which my staff didn't get because they switched right to gold. black is my drink of choice. when i'm not sipping cheap scotch on my dirty linoleum floor or you can pay for the nose for blue which is over priced versus my favorite lagavulin. they are getting off the linoleum floor. it has the highest yield and most sustainable groountd it's the cheapest. 10% long-material growth rate. lower valuation than beam.
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substantially smaller dividends and growth rates slightly higher. the street is backing away. bottom line. sherwin-williams and diageo, made for each other. they have been anointed. these names have had terrific runs so far this year. i bet they keep going right into the first quarter. they are the stocks money managers will accumulate in order to show they were participating in the winners and not wallowing in the losers of 2012. i want to go to keno in texas. >> caller: what's up, jim? love the show. >> thanks, man. what's going on with you? doing the show here with some choice brands. what's going on? >> caller: today i have a stock of morrison coors brewing company. >> yeah. >> caller: for three months i have seen coors fluctuate between $40 to $46 a share. beer and sports go hand in hand. around this time the campaigns
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revolve around the nba so i expect an increase in yield and production in the next six months. my question is buy more? sell now? >> believe it or not this doesn't have the great growth potential i first thought it did when they merged. i do actually like bud more. i like constellation more and diageo more. last night i had a pabst blue ribbon. sometimes i have a coors but that doesn't make it the best stock. simon? >> caller: boo-yah. thanks for everything you do for the small investors. >> doing my best. thank you, uh sisimon. >> caller: linn energy is pricing to make it easier for 401(k)s to participate in the limited partnerships, high yield without tax headaches. do you recommend picking up some of linn?
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>> you know, when i first looked at it it was terrific. i wanted to see where it was priced, where it trades. i don't want to say, yeah, it's
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good or bad. these are about price. as i have learned too well with some of them that were -- that looked cheap for me but it turned out to be overprized. let me come back. john in oregon, please. john? >> caller: hey, jim. boo-yah from western oregon. i have a question about the home construction. do you think the nice ride that we have had on residential construction is over with or not? >> this is a group and i was doing work on toll brothers. they have big spurts, then slam downs. everyone says it's over in the slam down and you should be a buyer not a seller. you want to get it, try these hot list momentum stocks. remember, no guarantee they won't go down. .
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>> announcer: lightning round is sponsored by td ameritrade. [ bell ringing ] >> it is time. it is time for the lightning round. you say the name of the stock. i don't know the calls or the name of the stock ahead of time. i tell you whether to buy or sell. when you hear this sound -- [ buzzer ] -- then the lightning round is over. are you ready, skee-daddy? time for the lightning round on cramer's "mad money." darren in south carolina. darren? >> caller: boo-yah, jim! >> right back at you, partner. >> caller: yes, sir. jim, i'm interested in mwe. >> stay interested! it's a good one. that's the company that has marcelus assets in pennsylvania. they have a good distribution. jim in flor jim! >> caller: dr. cramer, i
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presume. >> you betcha it is. what's going on, chief? >> caller: i need your best medical advice as soon as possible. i'm not good at anatomy but i have a bad pain in my wallet area. >> i'm not a proctologist. >> caller: $140 call option on which expires next month. i wonder if i'm on death watch. >> look, i think you should roll it over to another contract. i don't want you to have a gun to your head. is doing well. if we are just trying to play that next month that's dicey for me. roll it out. then you will do better. take the gun away from the head, sir. joe in florida. >> caller: boo-yah, jim, from vero beach, florida. my question is about nps pharmaceuticals. >> you live by my friend near
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spanish house where i may surf this winter. jeff in new york, please. jeff! >> caller: how are you? love the show. >> thank you. >> caller: calling about opco health. the ceo has some new products coming out. >> i wish dr. frost would come back on the show. i would love to know what's going on. the stock is a great spec. we can flesh it out even better. let's do that. leslie in florida, please. >> caller: boo-yah, jim. >> boo-yah. >> caller: i'm in sunny south ft. myers, florida. how about verizon? >> i got to tell you, verizon is under pressure because of the possibility of sprint and the t mobile tie up with pcs. verizon has a chart that looks like it will be peaking out. when it gets to 5% yield let's pull the trigger. there is too much competition where there was none five weeks ago. eileen in ohio. >> caller: hi, jim.
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i enjoy your show. >> thank you. >> caller: i want to know if i should sell my duke stock since the merger with progress. >> no, no. duke is fine. obviously you would do better under a romney regime, but i like it. it's a battleground play but the dividend could grow higher. ron in texas. >> caller: big boo-yah from dallas, texas. thanks for taking my call. >> wrong romo. go ahead. >> caller: can i get your opinion on con-ed. >> lots of people giving up on it. i i'm listening to the ceo of realogy talking about the growth market. this is a good stock. i wish it had a 4.5% yield. i will bless it at 4% because of the balance sheet and growth prospects for a dividend play. chris in georgia, please. >> caller: boo-yah, jim. what do you think of akam.
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>> positive note today. it's a commodity streaming business. i don't want it. it's played out. lisa in missouri. lisa! >> caller: jim, can i say boo-yah st. louis cardinals? >> absolutely. >> caller: i'm calling about pfizer and i wonder if i should sell it or hold on? >> it's at 25. i think it can go back to 22, 23. not more than that. there is no reason to sell it. i don't like it as much as bristol-myers. richie in california, please. >> sunny san diego boo-yah, mr. cramer. >> sounds good to me. >> caller: what's up with -- >> which one? >> caller: starbucks. >> oh, this is going down. stephanie link, both of us feel you lay and wait. buy a little in a year. let it come in and go for a
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multi year turn we think howard schultz is engineering. everyone has given up on schultz. sound familiar? that's what they did when starbucks was at 18. he was there to turn it around. that, ladies and gentlemen, is the conclusion of the lightning round. [ buzzer ] >> announcer: the lightning round is sponsored by td ameritrade. like in a special ops mission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. trade commission-free for 60 days, mike rowe here at a ford tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of tires?
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if you're looking for investments to generate income then high yielding stocks are the only game in town. the fed committed to keeping interest uh rates low through 2015 there is no way to get a decent return from treasury bonds, certificates of deposit. we are always searching for ways to get yield in a safe way on "mad money." tonight i want to introduce you to suser petroleum partners. it's a master limited partnership, the largest motor fuel distributor in texas. it was spun off out of suser holdings which operates a chain of convenience stores last month. it's the mlp we are interested in with a bountiful 7.2% eeb. it has gas stations including
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the gas station of its parent as well as other small mom and pop operations. 90% of volumes based on long term fee based contracts with a fixed profit of 3.4 cents per gallon they ship. that's the consistent utility business model we like. plus, the company has terrific growth prospects because the name of the gas and convenience store chain owned by its parent is dominant in texas and expanding quickly. they have a $235 million capacity on a revolving credit facility that can allow them to do acquisitions. we have stripes merchandise on the table here in case you hadn't filled up lately in the lone star state. this is an intriguing story probably unknown to you. i want to learn more about it. let's talk to the chairman and ceo of susser to learn more about where the company is going and what it does. it's probably unclear to you. welcome to "mad money." >> thank you. >> i studied it and said, you know, i have to ask him at the
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beginning. explaining the difference between stripes and susser the parent, what you do and why one is more consistent and one may have more growth. >> thanks, jim. >> sure. >> susser holdings is the operator of over 550 stripes branded convenience stores most of which with a laredo taco company restaurant inside. our business has a great track record of same a store sales growth, but inherent in retail operation is volatility with fuel margins that move up and down. >> like from costco recently. it's been squeezed in the markets. >> absolutely. the fuel distribution side of the business, something we have been at for over 70 years is stable. we have now taken public that subsidiary, susser pe trel yao ming partners. as you mentioned in the intro susser petroleum partners has a
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strong track record of stable fuel margins, the lever of the business is growing fuel volume. we have been growing it at a very healthy rate for over 20 years. the more stripes stores you put up the better the limited partnership should do. >> absolutely. there is gross profit from stripes stores. we'll build 26 this year. we have guidance for 28 to 35 next year along with sales growth relating to the wholesale distribution to third party customers we produced year in, year out. that pretty much flows through to. >> in your presentations which are numerous for those who want to know about susser, parent or sub. you link yourself to texas. why can't this be a regional to national store? >> our business has wonderful scaleability, jim. we think we will continue to
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expand our footprint. but our core markets which are texas, oklahoma, new mexico and louisiana have fabulous demographics and they are very, very large. our territory is as big as boston to new orleans. it's a lanch territory. huge growth. we see the opportunity to build a larger, stronger business continuing in our trends in the coming years. >> we have seen circle k, others in the business. why have they not done mlp similar to this. we don't have a lot without a lot of risk. >> i think that we are the first to take advantage of the mlp structure inside the fuel distribution side of the business. but there are other companies, i think, that study it hard. there may be other names that
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come to market. >> we are very interested in natural gas, texas, oklahoma. huge amount of natural gas. would you ever see that stripes would ever have compressed natural gas pumps? >> jim, i think we will have a couple of sites in test mode in the next six months. >> really? >> we are looking at partnering with major oil producers in the permean and eagleford shale play which are big markets for us. important markets. we are working with a couple of large producers that want to try to get that product to market. we're going to test it and see how it does the and if there is an appetite we'll continue to grow that and distribute natural gas as well. >> that's terrific. >> i understand as you add stores we shouldn't look at it as a static rate.
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>> we are confident we can grow the distribution meaningfully in the coming years and it should be a very stable, solid producer of dividend income for investors. susser holdings are the parent. hopefully we'll be faster growing company with volatility. susser petroleum partners is designed to be a reliable producer of yield in the years ahead. >> this is what i'm talking about. you know how hard it is to find steady, reliable income. susser petroleum partners is offering precisely what we are looking for on "mad money." we'll be right back after the break. thank you. >> coming up, hold the phone. sprint ran higher today on takeover news. but before you ring up the games could should uh you hang on the line for more or is it time to disconnect? don't move. cramer makes the call. i don't spend money
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on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪
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is sprint for sale? will shareholders approve the transaction? will clear water be part of the deal or is the more than 70% move many the stock going to appeal instantly when we find out more what's going on. these are the questions that swirled around one of our favorite stocks. nobody needs to know what's really happening although my
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colleague laid out the template better than anybody. with access to sprint spectrum and sprint acquiring clearwater. i don't like making decisions in a vacuum but both have a huge amount of debt. it is the bond market i believe controls the deal and not the stock market. sprint needs capital to complete the capital. sprint almost went under because of the nextel acquisition but the ceo put the business back on a growth path out of sheer street smarts and fabulous customer service. however many observers feel it is outgunned and under manned versus at&t and verizon. i feel they have done a good job and would have access to the capital they need through the bond market to finish the build out. sprint's bonds have been the belle of the junk market. but it would allow sprint to borrow at low rates resolving
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the larger solvency issues that have doggeded the company. a well capitalized sprint could give verizon and at&t a run for their money. to me that's a keeper. despite this move up today which didn't take it much further than the stock moved before the pcs deal with t mobile. clearwater is the horse of a different color. while the company has valuable assets it owes billions with debt and so little cash. it would be foolish to buy the stock it doesn't own already. better to allow them to buy the company in a reorganization. that makes me want to be a seller of clearwire. i never recommend stocks on a takeover basis. that's all you're doing with clearwater. no matter what it's important to recognize that dan hessy has done right by shareholders since day one. i have the conviction to buy more sprint below $5 if the softbank deal was all smoke and no fire.
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the real winner is you, the consumer. the more well capitalized players in wireless the better things are. three cheers if the softbank investment is the real deal. stay with cramer. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race.
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no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. hey, it's sandra -- from accounting. peter. i can see that you're busy... but you were gonna help us crunch the numbers for accounts receivable today. i mean i know that this is important. well, both are important. let's be clear. they are but this is important too. [ man ] the receivables. [ male announcer ] michelin knows it's better for xerox to help manage their finance processing. so they can focus on keeping the world moving. with xerox, you're ready for real business.
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seconds away on "the kudlow report," investors watching tonight's debate for a ryan victory which would solidify a romney runaway and that presents very bullish market stock opportunities


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