FEATURED SLIDESHOW
Who Is The Worst CEO?Mad Money needed new inductees for its
Wall of Shame, so we asked viewers for
nominations.
RECENT POSTS
- Mad Mail: Gaming Grandma’s Passing?
- Lightning Round: Exxon Mobil, Altria, Cree and More
- Lightning Round OT: Incyte, Randgold Resources and More
- What Cramer and the Obamas Have in Common
- Cramer’s Christmas List: Jimmy Buffett Margarita Machine
- Cramer: Watch Tech Stocks on Wednesday – Here’s Why
- Cramer: Tuesday's Market Action Explained
- Time to Sell Eaton?
- Lightning Round: Unitedhealth, Wendy's and More
- Lightning Round OT: Yamana Gold, 3Com and More
Text Size 
Last year, Cramer recommended Reliance Steel & Aluminum [ATU
Loading...
()
] at $35 – now it’s at $61. He got CEO David Hannah on the phone to see if this trend will continue.
Hannah says the key to Reliance's profitability is the consolidation taking place at the mill-supplier level - "the mills themselves coming together," he says. He credits these suppliers with maintaining a discipline in their pricing structure by keeping production at the proper pace. "The beneficiaries of their new level of discipline have really been our industry, and we're trying to take full advantage of all that," Hannah says.
But when did the industry make its change? Cramer wanted to know. For as long as he's been in the business, the steel industry has been, to say the least, irrational. What has changed, Hannah answered, is the attitude of those managers in charge of the mills. Today's mills, he says, are run by "a different kind of manager," and they're run for the benefit of the shareholders.
The industry as a whole is still a cheap place to be (RS's is trading at 10 times earnings), so Cramer is expecting this stock to go higher, even at $61. "Multiyear move for steel," he says. Cramer also suggests that Home Gamers keep their eyes on Allegheny Technologies [ATI
Loading...
()
] and United States Steel [X
Loading...
()
].
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes