Cramer’s One-on-One with Travelzoo’s CEO
When looking for a great bargain, sometimes you have to take a second look at stocks that have been obliterated by the market, Cramer said Monday.
Take Travelzoo, for instance. This “quintessential momentum stock” got pummeled after reporting a quarter that many considered disappointing back on July 21st.
Now the “Mad Money” host is wondering if TZOO, which is trading at just 16 times next year’s earnings, has become way too cheap.
To find out, he sat down with CEO Christopher Loughlin.
Loughlin told Cramer, "we've got a fantastic company on our hands."
He also addressed the company's buying back up to 500,000 shares of its common stock.
"We think it's a great value and we're buying it back. We think it's a good idea for our investors at this time."
Watch the video to see the full interview.
Call Cramer: 1-800-743-CNBC
-An earlier version of this story incorrectly stated the number of shares Travelzoo is buying back.
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