GO
Loading...

One the Line: Barnes Group CEO Greg Milzcik

Some on Wall Street claim the bull market in aerospace is getting a bit long in the tooth, Cramer said. But he thinks the sector still has some life in it.

Barnes Group CEO and President Greg Milzcik, today’s call-in guest on Mad Money, agreed: “It’s incredibly strong, and we’re in the sweet spot of the current aerospace cycle.”

Barnes focuses on difficult-to-manufacture parts, exotic materials and what Milzcik called “high-volume, high growth platforms,” like those used in the 787.

Milzcik said his company has done a number of things to position itself for the long term that are paying off now. Specifically, Barnes has spent over $350 million over the past seven years in aerospace on acquisitions, revenue-sharing partnerships and capital expansion.

Analysts seemed disappointed with Barnes’ distribution business, but the Milzcik said the company has laid out a plan for sales and margin growth.

“Let the downgrades come and then I would buy some,” Cramer said. “This stock’s just too cheap when it gets down to $20. It’s just too cheap.”

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
B
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.