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One the Line: Barnes Group CEO Greg Milzcik

Thursday, 2 Aug 2007 | 7:30 PM ET

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.”

Spotlight on Barnes Group
Mad Money host Jim Cramer interviews Barnes Group CEO Greg Milzcik.

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.”

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