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
- Remorseful Regulator Leads Reform Fight
- Lightning Round: AT&T, Verizon, Novartis and More
- Lightning Round OT: Alcoa, Weight Watchers and More
- Why Amazon Rules Retail
- Nordic American: Sinking Ship or Titan Tanker?
- Cramer: What Monday’s Housing Number Really Means
- Cramer: Buy These Banks, If...
- Time to Buy Treasurys?
- Lightning Round: Las Vegas Sands, ADC Telecom, Satyam Computer and More
- Lightning Round OT: Knight Capital, Ebix and More
Text Size 
Horsehead Holdings, a strong zinc refiner that’s new to the market, couldn’t have picked a worse time for its IPO. The company came public in August in the middle of the credit crunch almost invisible to Wall Street.
Nor was it a good time to be in the metals and mining sector. Freeport-McMoRan [FCX
Loading...
()
] sold off to a low of $67.07 in the middle of that month after closing just under $94 on July 31.
But the Federal Reserve’s 50-basis-point rate cut changed everything. Cramer said he thinks the metals, zinc especially, have bottomed, and FCX is back up to about $109. Horsehead [ZINC
Loading...
()
] might not climb quite so high, but “I think the stock ought to see some of the action that the other metals stocks saw,” he said.
“The only thing keeping ZINC down is the fact that no one knows it,” Cramer said.
That probably won’t last for long, though. The one firm that covers ZINC said the no debt, solid cash flow and cheap valuation will probably be too hard to resist for a zinc miner looking for a refinery play. Still, Cramer said it should be a while before ZINC gets bought out.
Cramer expects this orphan stock – what he calls a small-cap with little analyst coverage – to start getting more and more coverage. And with that the share price should go “much, much higher.”
Jim’s charitable trust owns Freeport-McMoRan.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Data is a real-time snapshot *Data is delayed at least 15 minutes