Buy This Biometrics Spec?

Sometimes a little short-term bad news, Cramer said Wednesday, is a long-term buying opportunity. Especially when the stock in question is part of a big, multiyear theme like national defense.

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That could be the case for L-1 Identity Solutions , which lost 25 cents, or 4%, today, after reporting a mixed quarter and offering poor guidance for the rest of the year and 2010. Cramer recommended ID as a speculative play a couple of weeks ago as part of his homeland-security portfolio, but now he’s not sure whether or not to reiterate his call.

The Mad Money host wanted a granular look at the quarter, so he invited L-1 CEO Bob LaPenta onto the show. Watch the video for the full interview.

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