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tv   Mad Money  CNBC  June 30, 2016 6:00pm-7:01pm EDT

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my mission is simple. to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now! [ applause ] hey, i'm cramer. other people want to make friends, i'm just trying to mach you some money. although today i think i can make an exception. i have folks joining me in the studio. so call me at 1-800-743-cnbc or tweet me. please be nice, @jim cramer.
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here's a rally that's not supposed to be happening. [ buzzer ] this one just wasn't in the cards. sure, tuesday's session, day one of a rally at the british-inspired brutal sell-off. that makes sense. weave 've just gotten through w two of the worst sessions. day two also seemed like an unusual but reasonable possibility, because we had a big takeover, surprises, rally in oil, but today? today when the dow gamed 235 points, and the nasdaq at 1.33%. this was outrageous in its audacity. so few people believed that it should be allowed to take place. it was a totally unexpected surprise. [cheers and applause] let me explain. go back to a week ago, today.
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we had just gotten pretty close to surety, surety that the remain camp was going to win, that there would be no brexit. that the european union would be preserved. and a house divided against itself was going to stand. and i remember boarding a plane back to new york from san francisco with my daughter, just before the first returns were in. they closed that door. you had to turn off all your cell phones, and we were thinking, ah, what the heck, why don't i take the red eye back so i can squawk on the street in the morning if everyone thought this referendums with a done deal. what a yawner. we were relaxed. we played trivia games on the flight before grabbing a few winks. but when i got off the plane i checked in to see what was going on on the market, and i was horrified. brexit had won! the stock futures suggested that the market would be down 700
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down points of the entire market apparatus, to so many of the hedge funds, they were caught leaning the wrong way. they were buying. they should have been sell, sell, sell. there would have to be this kind of huge selloff, because so many funds had to reposition. basically, if you bought into the idea that the financial market was going to be torn asunder, brexit won. then you had to take action. you had to sell when you had just bought. and when so many take action at the same time, the stock market insinuations can be pretty insane, and that's what we got on friday. the first day of the selloff, insanity, aided by a parade of people who should have known better, should have none better, coming on air, and in print and on the web, predicting crashes galore, should have known
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better. and we got this 3.25% drop. aided by the myriad fear mongers who come out of the wood work to make our lives difficult and hurt people. of course they don't intend to do that. they're just wrong. we're used to seeing a dead cat bounce after such a large decline. that's what we saw on tuesday when the selling exhausted itself. again, that's pretty standard behavior. plus it was pretty well scripted. the buyers, did they buy difficult stocks? no. it wasn't just facebook, it was on netflix and google and broad com. welcome jim cramer on twitter if you've got ideas. it was a bit more than the usually fatal feline snap. yesterday, yesterday's rally took quite a few people by
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surprise. that's because what we have a real big bad event like we were told brexit was, those who haven't sold usually come in on that bounce from the day before and take advantage of any lift at all to blast out of as many stocks as they can. >> sell, sell, sell, sell, sell. >> instead, oil rallied. they've been in total bear mode. transports took off led by the pathetic airline stocks. and buyers went into the banks, the banks. talk about a trash sector. now these moves had some underpinnings. a diamond resource. i followed them. they tend to make a lot of right moves. one of the heavily moved is the travel and leisure stocks. brexit seems synonymous with the potential decline of world travel, why not?
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dahar shot up. europe's in disarray. we just heard from some european alpha called easyjet. the business had soured. the advance seemed to be inconceivable. all about how airbnb was supposed to be destroyed in the hotel industry. with the european banks still reel, banks in this country would be hard-pressed to make any money, writright? but the fed blessed the financials. and we got big buybacks. still, though, a two-day rally off a two-day selloff isn't entirely out ufr tof the ordina. but it looked like the bayers had indeed run out of fuel. and the sellers would once goagn
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materialize. earnings are going to be coming in soon, and they're not going to be teparticularly strong, right? how could they be anything but bad? didn't we just have brexit? >> sell, sell, sell, sell. >> but then the super unexpected happened today. lion's gate buying starz!. that meant the apollo's diamond acquisition the day before might not have been as much of an aberration as we thought. didn't brexit spell the end of confidence? didn't we hear cassandra debate? and then we heard the total head spinner of mongo lease buying hershey. wow. here's a group, the food group, which had been huge. it typically would have sold off
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by now. the food sellers were claiming overvaluation. what if one food company wants to buy another food company? i don't know if the rejection's a done deal. hard to believe hershey closed up 16%. here's what really matters. for two days, friday and monday, we heard the world was coming undone. we, meaning you and i. now we may have taken it in stride, as we suggested. in other words, i'm not taking any action, may do a little buying. but hedge funds don't do that. they have a bias toward action, towards trading. they go after everything, and they go short. hedge funds galore used it to place bets. why not, when the market's a free fire zone. how are you going to get hurt by doing some shooting? the down side, it seemed so lhota poilo
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low at that point. you fear only one thing. you fear only one thing. and that's the buyout. why? because it's terminal. you can't fight it. you're finished, if that's exactly what happened here with the hotel and entertainment and food biz. suddenly out of nowhere, when brexit was supposed to create the ultimate for stocks, we have billions upon billions buying other countries. the shorts are getting crushed. so here's the bottom line. when investors get scared out of their wits and hedge funds take action on those fears, the market can have a pretty explosive reaction when those shorts go astray. that's exact lly what happened today. and all i can say is it's a sight for a sore bull's eyes.
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>> i just have one quick question. what do you think of gillian science. >> they have to make an acquisition. they have all this cash and not a lot of growth, because there are other people shooting against their franchise for hepatitis c. has to happen. >> mike from new jersey. it's great to be here live and feel the energy of the show. question on the stress test. are stress tests alive? do they change? a bank like citibank, do they know how to -- >> i felt that they really had it all set, and they did. they got it very right, and that's why citi is a huge buy. today was the takeover that took over the take. the potential for big acquisitions has put the bears back on this behind paws.
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i can't say that i feel sorry for them, no, no, no. if you feel you're seeing stars, you're not alone. i'm speaking with the ceo behind some of the country's most popular beers, wines and spirits. then you heard me talk about the snack attack. and we've got kwucone of the lat payroll at the time. stick with cramer! [ applause ] ♪ don't miss a second of "mad money." follow @jimcramer on twitter. have a question? tweet cramer #madtweets. send jim an e-mail at "mad
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money money".cnn.com.
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folks, they did it again. i'm talking about civil stz.
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you know them as corona. and tequila and . they had a 2% earnings beat with higher than expected revenue, thanks in large part to a 19% increase in beer sales. stocks soared nearly 4% on the news. and i bet it's got more room to run. they've made a series of acquisitions in the red hot craft beer space and picking up luxury wine, most recently purchasing prisoner wine.
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they have given us a remarkable 17% gain since we spoke to the ceo roughly 17 months ago, find out about the quarter and where the company's headed, welcome back to "mad money." >> thanks, jim, nice to be here. >> i got to tell you. i think 15% organic growth in beer, i've never seen anything like it. how were you able to put up those numbers? >> you know, it's a lot of blocking and tackling. but more importantly, you know, i always like to take it back to a simple fact. the consumer's voting with their feet. we've got fantastic brands in corona, pacifico is red hot at the moment. and needless to say, our craft brand belles point is absolutely on point with 60% growth in the
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quarter. >> a lot of people will say what does it mean. talk about how many different breweries you've had to build because you've had to meet demand? >> well, we're right now at three quarters of the way through building the largest brewery in the world down in mexico. that brewery will produce almost 300 million cases of beer on an annual basis. we started ground breaking in mexicali, which is the state of baja, california, in mexico, not to be confusing. that's going to be a large brewery, and we're also started on the construction of a brewery in virginia which is going to be our east coast brewery. so we've got a lot of shovels in the ground at the moment. >> you've got the best expansion
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plan. heavy double digits for your brand? >> me onliy. 90% growth on that brand. prisoner, also a new acquisition, just absolutely on fire. and some of our other brands, like kim crawford, number one new zealand saw vig none blank. number one chardonnay in terms of growth in the country right now. black box, which is our premium box wine, high double digit growth. quite a number of our brands are absolutely on fire, both wine and beer. >> how's your tequila purchase working out? >> tequila's working out well.
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it is number one fastest growing luxury tequila brand in the country right now. >> now one of the things i think we talked about, justice department got a good break. they took a good break and made it something special. when you bought casa noble, it was not the fastest growing tequila by any means. you did something. what did you do to make it ahead of the other guys? >> there's a couple of things. number one, we've got a great position with our beer distributors and our wine and spirits distributors, the number one provider of growth in beverage alcohol in the entire united states, at retail and for
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our distributors, now, you know, we've been able to take that position and capitalize on that. with the brands that we have been adding to our portfolio, so we've got a great sales organization that's focussed completely on execution, execution every day. and therefore, we've got a very well-oiled machine when it comes to driving the growth of these brands. >> the real shocker for me was pacifico. i thought it was a throw-away brand. it's one of my favorites, and you see me sell it at my place, but what happened to that? you have a 24 ounce that is suddenly the hottest thing in beer. what did you do? how did you know that that was where you should go? >> well, first of all, the brand up 17% in the quarter. and the new 24 ounce can that you just mentioned is the number one new import skew in terms of
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growth in the country. now you know we have been listening to our consumers, and interestingly enough, there's been a lot of chatter about the fact that our consumers, who are often craft drinkers, when they decide that they want to drink something else, noncraft, it appears that pacifico is becoming their beer of choice. so they are vacillating between high-end crafts like our ballast point and pacifico, which is a really great and full-bodied, mexican import, but a little easier drinking than your double ipa. >> you did a remarkable job once gone. we have total faith in you, because you have delivered time and time again. thank you so much for coming
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onto "mad money." >> thanks. >> that's constellation brand's correct. th ceo. coming up, this company has thrived in the cloud. and they have all the tools to turn data into information. >> what you bought, what you may have returned, what your customer service has been like, they get all that in one package. >> and this private player is offering unique insight into the future of tech. >> we keep hearing another thing in the big theme is artificial intelligence. how would that play in a world where we have artificial tlechbs
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the food group. that's because it's kind of almost no growth. but it's always been loved. sure, there are periods when the love is tested, mainly by dramatic accelerations. the market's love affair with food stocks has been torrid. and today it reached fever pitch. >> buy, buy, buy, buy, buy, buy. >> it was a rejected bid by maund leez for hershey. the 16% gain in hershey's stocks says where there's smoke there might be fire. here's what happens when these food stocks, unless they buy other companies in their industry, and rationize them by hiring a lot of people, it's mighty hard for them to grow. the supermarket aisles are pretty much set, right? there's some market share to
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come from others. you can spend your way into better supermarket real estate, you see that in the promotion numbers. but there's not going to be two more aisles of chips ahoy. so maund leez has to grow by acquisition. witness kraft heinz. tyson bought hillshire brands. if you're not moving, you bought yourself. hershey can accelerate its growth. and like i said last night, this group was already in the process of being re-rated, because of the robust quarter reported by general mills, and they announced real growth in its core business, cereal. how did that come about? simple. general mills is becoming more natural and organic. the removal of some of the
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artificial color was more dramatic. given how conscious the younger generation has become about natural and organic. it's the same reason why we've maintained foods like soy and almond milk. we kept running out of almond soy milk. it's so challenged for growth you can never rule out a takeover. same goes for kellogg, another stock that's flying kraft heinz needs to do a deal. when it comes to food, there's no real mother of inconvention.
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i've said the lack of growth, considered today, a gun jump. and on that move, it's a good one for the bulls. let's take some questions. yes. >> hi, jim, vivian from new york. so glad to be here. >> thank you. >> boo-yah. >> tesla had this evening a report of a fatal crash that's being investigated by the highway safety administration, using the auto pilot software. there was a fatality. and for a moment, the solar city deal will not be front and center. this is a great car. the tesla is a great car. any one who drives it knows. but i think that that solar city deal was ill-advised. my advice is buy the car not the
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stock. >> hi, jim, keith from new jersey. i have a question about starbucks. >> sure. >> where do you see its sources of future growth? >> that's a good question. it's a fantastic company, but it's still what i would regard as a senior growth company and needs to put up new stores. and the answer is india. it's the place that apple thinks is a great market, the place that howard's spending a lot of time in. from your pantry it the front page, i expect more merger talk in the snack aisle. we talk about a rate rise in the future following brexit. where does the company stand now? then it's a company behind the data of disney, pfizer and fedex. and i'm answering all your questions in tonight's very special edition of the lightning round. so stick with cramer!
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as we get closer to the labor department's all-important non-farm payroll report, it's important to get a read on the situation from someone who's closer. i'm talking about pay czechoslovak
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now a lot of people view paychecks as being totally hostage to interest rates. between the time your employer transfers his budget into paychecks's account, this company collects interest on what's known as the float. but they've proven they can do really well. the company has reported a strong quarter. while paychex reportedenin repo stock was so good it septembnt soaring 6% today. but even here at its brand-new, 52-week high, the stock supports a 72% dividend yield. let's talk to the president and ceo of paychex. welcome back to "mad money."
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>> thanks, jim, great to be here. >> this was your most robust quarter. what the heck happened? this was a dramatic acceleration in your business, over a three-upon the periothree three-month period. >> i think we had great sales execution particularly in the quarter, but in our selling season at the first of the calendar year. and it's across all divisions, whether it's payroll, hr, 401(k), all the divisions are hitting hard, and our client retention is at a record high. almost hitting $3 billion in revenue is a new high for paychex, and we're excited about it. >> we always try figure out which is which. it seems everything did go into high gear. >> it really did. we had the highest net client growth that we've seen since the recession. that's a combination of great
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sales and great client retention and service that we're giving the clients. we also are seeing the revenue per client expanding. so all the products and feature set that we offer and the need coming down in size, we're seeing more clients take more products. >> the government continues to give you what i would say is a leg up. they passed through, the president put through some overtime rules. frankly, not a lot of people saw it coming except for you guys. this is the kind of thing that how does anybody figure it out without paychex? >> that's the hard part. you need to make sure you're tracking all that time and paying the right rates which can get confusing. we have a mobile option, you can punch in, punch out on your phone on the paychex app. these regulations have not always been good for business, but they have been good for paychex because we have been able to help small businesses
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grow. >> july is dividend season for you guys, but historically, there's been a nice boost in the dividend, even though you yield 2. 2.8, which is good r momore tha july is going to be good for shareholders. >> we've been consistent last year, a 11% increase in last july when we saw that. and i think, you know, you would expect consistency from us, and we like having that high yield as well as the top playing field for shareholders. >> what's going on? you've got a business that's fairly competitive. and it seems that you offer all these cloud initiatives. and you spend a lot of money doing them, and now they're all in play. are you starting to take shares from maybe some of the silicon valley guys? you're not om retaining but
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winning a lot of new business. >> well, we are winning. having the great technology that we've invested in in the last few years and a personalized service for making sure our clients are served the way they want, i think we are taking some share, but there is new business growth coming in now. we're back to almost that business, the new business startups that we saw prerecession, and i think we're getting a better share of the new businesses as well as taking some share. i don't know if we're taking so much from the silicon valley type of software companies, but we're certainly taking from some of our competitors, and you're seeing more of a need, jim, than ever before because of the regulations you talked about. >> last question. i do find that what you're saying doesn't jibe with the general climate. you just don't get this kind of growth that you're having unless things are a little better in the country than people, let's say here in the media, is that fair? >> you know, i think our small business index, we put out on a
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monthly basis, it dropped a little bit. but until then we saw the first part of the year going up, and we have had four years where the index is above a hundred. the growth rate for small businesses has been growing and positive over the last four years. i think it's leveling out some, but i think it's pretty positive, and there's certainly a need for the products, for these businesses as you've said many times. they've got to outsource to be able to handle the regulations that are coming out. >> it's good that i'm a client of yours, because i would have no idea how to deal with the rules and laws. >> this stock's going higher too. [ applause ] ♪
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♪ [ applause ] it is time! [ buzzer ] are you ready? the lightning wround. >> my question is on visa. >> the class action suit was thrown out, i think it was an incredible overreaction. i told some subscribers, had it not been restricted, i think it
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should be buy, buy, buy, buy. >> what are your thoughts on sarepa pharmaceuticals? >> do want the drug approved. >> flextronics. >> changed it to flex. i really like it. >> boo-yah. been watching you since the cut low days. i'm curious today in light of their great pipeline and the zen core collaboration about novartis. >> i think it's one of those situations that you can buy that one. that's a buy and put away. i think you're in good shape
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with novartis. >> dante from hudson county, new jersey. is clips natural resources going to make it. >> on twitter, they said you didn't like it. i didn't like it at 50, 60, okay, at 5, i don't know. i think iron is coming back, but frankly, the balance sheet is so bad i just can't recommend it. i would say don't buy, don't buy. i would cut it in half. yes. >> barry from new york. i love your show, been watching it for a long time. >> thank you. >> wynne resorts, what do you think? >> i think steve is fantastic. they just got hong kong numbers which were very weak that shows maybe the people from overseas aren't coming. >> brian from new york, a big boo-yah from my 3-year-old son rhonen. >> like that. >> what do you think of valiant? >> i don't care for valiant.
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they got $31 billion in debt, and that's going to be very hard to pay unless they make some dispositions. people know that the seller's a little hobbled. let's just say i think it's too hard. i don't want to open twn the st. >> i want to know your thoughts often medi vation. >> i wish they would buy the rest of rejen ron. but that stock was at 5,000. i think medivation gets bought. >> a long-time watcher. i want to get a comment on fortress. >> i don't know what they own. so i'm going to have to say no.
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no. too hard to know. italy's the only one kind of in that group of not knowing what they own that i'm saying is okay. these are very blackstone. too hard. >> roger from hoboken, new jersey. love your show. >> what a turn around. >> what do you think of valley national? >> i like valley nat. my supermarket manager's from there. i like local banks a lot more than national ones. >> a big boo-yah from chatham town-. >> what's going on. >> astrazeneca, buy, hold or sell? >> don't like it as much as know rar var tis. i think you do better with bristol-myers. >> aig, with the possibility of a breakup and hancock opposed to it, is it time to sell?
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>> stock's back to 52. i'm concerned. i spent some time with the ceo. they have a long-caterm care business, it's not going to explode higher. traveler's is the better one. and that is the conclusion of the lightning round. [ applause ] ♪ the lightning round is the lightning round is sponsored by td ameritrade.
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♪ "mad money," we're always looking for privately owned companies that are at the cutting edge of technological change. take informatica. we often talk about big data, the information we generate is changing the way we do business.
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if you use big data, you need a company like informatica. last summer, it was taken private for $5.3 billion by premiere advisers. still, i think they can give you a terrific read on the industry. i had a chance to check in with anil, the ceo of informatica earlier, take a look. when we speak about big data, one thing is clear, that amazon's got that wired. they figured out. what happens if you're not amazon? how do you compete? >> data is i have helpful for companies to do that. maybe i can give the example of nordstrom. they are a customer of ours, and they come up and meet you and say hi, jim. they get their data from nordstrom, what you bought, what you may have returned.
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what your customer service has been like. they get all that in one package. >> that's how come when i go to nordstrom, when i bought my tuxedo shirt and suspenders, a different salesperson knew that i had bought that and knew that i liked cuff links which was amazing and asked me if i wanted to look at cuff links. >> they also have the data. they also have machine learning in there. machine learning is built on top of the day to to recommend something that they believe you might like. ah-ha, customers who bought this, also bought that. and they want to use the machine learning on top of that. >> when we met with bruce nordstrom, they said it was difficult to compete with amazon. >> we help customers really bring data, all types of data that's relative to them to help them transform and improve their business processes. and they can include really top applications on top. >> there are a doeearth of
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companies who do what you do. the oil companies can't drill anywhere. and they use informat ica to figure out what the sightings? ? >> they do a couple different things they use master data management to understand the profitability of an oil well. they collect data from the oil well, they have telemetry data from the oil well and bring in a lot of other data to see how much they invest in it, how much have they been able to produce for it and get a full picture of the oil well and the full profitability. >> when oil's at 100, you can drill anywhere and you make money. if oil's at 47, you don't want to drill if it's a $60 well. >> when i look from a maintenance perspective, when i look at the track record of what this oil well is, they're able
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to gather that data and make some very important decisions on what they need to do to keep that oil producing. >> we keep hearing another thing in the big theme is artificial intelligence. how would informatica play. >> we bring the data for intelligence. so think of this nordstrom example. once you have the complete picture of the customer, then you can use the artificial intelligence on top to provide a recommendation to the customer. you can say hey, you bought this, you may also be interested in these other things. or in the conocophillips example. is this well going to be operating till its next mants nants window? >> last question. as a private company, what can you do that you couldn't do as a public company? >> you know, being a private company has helped us focus on
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growth and innovation. we have been expanding in the cloud, for example, both sales force and microsoft came in as investors. we have an investment in the cloud. we have been able to go into new areas like data security. these are the kinds of things that we have been able to make investment decisions that we've only been able to do as a private company. >> we don't know the time frame when you might come public. but obviously, you were doing well before you went private. >> absolutely. we're very interested. yea we're thinking about late 2018 and looking forward to coming back to the public market. >> i hope you do. it was a great story, i'm glad to stay in touch with you. i had to believe that someone besides amazon could do this. back after the break.
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the con who was involved with facebook is on the run from feds. it's on "american greed". don't miss it. we have three days off. you don't want to get greedy. maybe you have stocks that have really stooroared. visa seems like an attractive opportunity, given that the court suit that got thrown out is not that big a deal for that terrific growth company. i think you can stay with the food stocks. i still feel the food stocks have upside, although if i own hershey, i would probably sell half of them. right here on "mad money," i'm jim cramer, and i will see you tomorrow! [ applause ]
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>> tonight on "jay leno's garage"... whoa! oh, sure, we're all used to four wheels... [engine roars] but what happens when you take some away... officer, i'm sorry. it's not what it looks like. [horn honks] or add a few? i love how you bounce up and down on these seats. we're gonna look at vehicles with anything but four wheels. [laughs] some were made to save money... insurance was cheaper. some to save space... it seats four people in the front. some to save the planet... >> all electric, no emissions. >> actually, you can go pretty quickly in this thing. or just for the hell of it. most people i see can't drive on four wheels. why two? >> why not, jay? >> "why not?" but all these vehicles have one thing in common. [metal scraping] they're out to get me! [engine roars]

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