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Bucyrus Int'l: 'A Truly International Business'

Bucyrus International might be a $5 billion company, but Cramer’s expecting it to be worth $10 billion before too long.

This is another new-tech stock, the kind that he’s been talking so much about lately. Bucyrus makes equipment that miners need to dig deep for their product. These “multimillion dollar, high-tech excavators,” as CEO and President Timothy Sullivan called them, operate in the Andes mountains 15,000 feet above sea level, but are controlled remotely by computer.

“Anywhere you can plug in a laptop computer,” Sullivan said, “you can tap into the computer systems on these excavators.”

Also, “there’s no one,” the CEO claimed, whose machines can bring up coal and copper and other minerals at the same pace as BUCY . “And there’s no one that’s going really to be able to catch up to where we’re at today, technologically.”

Sullivan dismissed the idea that rising raw costs will hurt his business, especially when it comes to steel. BUCY sells equipment to miners, miners sell their iron ore and metallurgical coal to steel producers, then BUCY buys that steel for its equipment. He called it “a complete circle of cost increasing” that allows him to “effectively pass on those costs to our customers.”

“It’s a full circle,” Sullivan said, “and it works for us.”

Sixty-five percent of BUCY’s business came from overseas last year, and Sullivan said he expects 70% in 2008, making his firm “a truly international business.”

Cramer’s call: “You can’t get from $5 billion to $10 billion without scoring a double. I am telling to stick with Bucyrus.”

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