Tour de Salesforce.com

Salesforce.com just may be the “last momentum stock standing,” Cramer said on Friday’s Mad Money.

Cramer Bullish on CRM
Cramer Bullish on CRM   

The business software company presented a conundrum for Cramer a couple months ago when it was simultaneously upgraded and downgraded by two different analysts. Cramer said back then that the stock was a sell even though the company itself had a great thing going. He predicted it would beat earnings – and it did, big time.

So on Friday’s show, Cramer revisited CRM by speaking with CEO Marc Benioff, who reinforced his perception that this is one of the most well-run companies around.

Benioff spoke of his company’s new web-based business model that works on a pay-as-you-go subscription basis for customers – a far cry from the days of ordering business CD-ROMs through the mail and hoping they worked out.

Benioff said the company is sitting on over $1 billion in deferred revenue, which Cramer called “money in the bank” for CRM.

While CRM is too expensive a stock for Cramer – it trades at 170 times earnings – he did bless it for investors who want “momentum, growth and quality.”

Watch the video for Cramer’s extended interview with Benioff.



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