GO
Loading...

A Recession-Resistant Stock

Friday, 16 Sep 2011 | 7:20 PM ET
Diamond Foods: Snacking on Profits
Investors need to own secure, recession resistant stocks, says Mad Money's Cramer, regardless of what's happening in the economy. Discussing the outlook for the snack-food company, with Michael Mendes, Diamond Foods CEO.

"If we really believe we're headed into a slowdown, then you need to own some recession-resistant stocks that work regardless of what's happening with the economy," Cramer said Friday. "That means anything you can eat, drink, brush your teeth with or medicate yourself with."

Take Diamond Foods , for example. The San Francisco-based company makes a variety of snack products such as glazed nuts, roasted and mixed nuts, breakfast trail mix products, microwave popcorn products, and potato and tortilla chips. Its products are sold under the Emerald, Pop Secret, Kettle, and Diamond of California brand names. If its Pringles acquisition goes though, it will become the second-largest snack company in the world.

On Thursday, Diamond reported strong quarterly results. Cramer has been bullish on this stock for some time, so those who own it were lucky to enjoy a 9 percent gain on Friday.

Cramer continues to like DMND (even though it's not exactly cheap), but to learn more about its future prospects, he welcomed CEO Michael Mendes back on "Mad Money." See the full interview here.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change
DMND
---

Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.