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Web.com CEO on Stock's Massive Run
Producer
Although the overall market plummeted Thursday, Web.com Group saw shares rise by 20 percent. Its stock popped after announcing late Wednesday its plans to acquire privately-held Website services company Network Solutions for $560 million.
When WWWW [WWWW
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] was trading at $15.64 in May 2010, Cramer recommended investors avoid the stock because it was too expensive. He did, however, say it was worth buying on a pullback. Sure enough, the stock fell to around $8 a share, giving investors a chance to buy before Wednesday's massive run.
Cramer wanted to learn more about Web.com's tremendous move to the upside. To do so, he spoke with CEO David Brown. Watch the video to see his full interview.
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