There’s a company that brought a secondary offering to the market yesterday that Cramer wants you to watch – Haynes. No, not the underwear maker. We’re talking performance metals here, the same business as Allegheny Tech, Cramer’s stock of the year last year and a fave again in 2007 because of its focus on high-performance metals used in energy and aerospace businesses.
Haynes joins that red-hot club along with existing members Precision Castpart, Titanium Metals, Hexcel, RTI International Metals and Brush Wellman – all Cramer-backed stocks. Haynes even has a great niche business on top of aerospace, metals used in land-based gas turbines, a must to alleviate energy crisis concerns, which Cramer bets will dwarf subprime worries.