The shortage of water and infrastructure are two running themes in Cramerica that could make you mad money. Cramer happened to stumble on a company that integrates both these themes – Tetra Tech , and he has CEO Dan Batrack on the line to find out if he’s being too bullish on the secular story of water.
Water is a long play and the right place to be, Batrack says. TTEK just hit a 52-week high and has had five quarters in a row where its backlog has grown faster than its revenue. “We have a great pipeline of opportunities in front of us,” Batrack says.
Batrack also points out that Tetra Tech’s largest contracts are with federal agencies like the Department of Defense, the Department of Energy, the Environmental Protection Agency and even the Department of Homeland Security. In addition to the feds, TTEK has contracts with many state and local businesses.
Looking for a nice speculation play on water and infrastructure? Look no further than Tetra Tech, Cramer says.
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