Cramer doing the Lightning Round is a feat no less amazing than Rodney Dangerfield’s “Triple Lindy” dive in Back to School, but even the Great One gets stumped every once in a while. Case in point: Sara’s question about water stocks when Mad Money was at UT Austin’s McCombs School of Business on Tuesday.
Well, today Cramer has a play for that market – Pico Holdings. Pico’s a diversified holding company with four operating segments, the largest one being water resource and water storage. It sells water to utilities, cities, developers, industrial clients, and it stores and builds up infrastructure for resale. Don’t be confused: PICO is not a water utility, and it doesn’t plan on entering the heavily regulated water utility market.