Cramer: How to Cash In on Family
There’s nothing more important than family, so if you are looking for a way to make money off that fact, take a look at Ancestry.com, Cramer said Monday.
The website allows users to research their family history using an extensive collection of historical records. Cramer likes that it’s a subscription-based business with over 1.6 million subscribers.
The company reported a stellar quarter back on April 18th, delivering a 3 cent earnings beat off a 15 cent basis. Revenues rose 41.3 percent and it gave upside guidance for the next quarter, as well as the full year.
Cramer has liked this stock since it became public back in November of 2009, and since then its run up 174 percent.
To find out more, Cramer sat down with CEO Tim Sullivan. Watch the videoto see the full interview.
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