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Time to Buy Travelzoo?

“Is it time to double down on Travelzoo?” Cramer asked Wednesday.

The New York City-based company , which publishes travel and entertainment offers, has become the quintessential momentum name of late, the “Mad Money” host said. It’s the kind of stock that keeps going up when you thought it couldn’t possibly go higher, he said, and then rapidly gives up a lot of its gains.

Cramer said TZOO, which is up 83 percent in just over two months, is not an online travel company like Priceline, Orbitz or Expedia . It is an online deal company with 23 million subscribers that makes its money advertising attractive hotel and airline deals in its newsletters.

“What’s propelled the stock lately is the company’s shift into offering local deals,” Cramer said, calling it a Groupon-like business model.

The local deals platform, he believes, could eventually dwarf the core business.

TZOO’s stock spiked in late April, after the company reported a 9 cent earnings beat when the analysts expected them to deliver 28 cents. Its revenue growth accelerated to 29.8 percent. The stock has since pulled back about 25 points, but Cramer pointed out the stock is now barely above where it reported its last quarter.

“Maybe you are getting an incredible result for free,” he said.

To find out if there is still upside in Travelzoo, Cramer spoke with CEO Chris Loughlin. Check out the video to see the full inteview.

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