Cramer: Time to go Bargain Hunting
The market has taken a beating lately, Cramer said Wednesday. In turn, lots of stocks fell undeservingly fell, as panicked investors sold out of their positions.
"Time to go bargain hunting," Cramer said.
The "Mad Money" host is looking at Wabco Holdings , a Piscataway, N.J.-based company that makes baking, suspension and transmissions for commerical vehicles. In the last two weeks, its stock has pulled back more than 11 percent from its 52-week high. To Cramer, that's a steal given the "unstoppable 18-wheeler bull market in trucks." With just 8 percent of sales from the U.S., Wabco is an international play on the truck bull market. It plans to triple Chinese sales through 2014 and more than double Indian sales. In Europe, Wabco has more than $3,000 in content per vehicle.
In its latest quarter, Wabco beat the raised estimates and gave bullish guidance. Cramer likes this name going forward, but to learn more about its future prospects, he chatted with CEO Jacques Esculier. See the full conversation by watching the video.
When this story was published, Cramer's charitable trust owned Wabco.
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