A Stock that Pays You to Wait
In this uncertain and often volatile market environment, Cramer on Monday told investors to look for companies that pay you to wait.
International Paper is a good example, the "Mad Money" host said. Headquartered in Memphis, Tenn., it operates as a paper and packaging company. Cramer called it a classic cyclical business that has refused to be dragged down by a weak economy. Instead, it has taken control of its own destiny through good management and smart acquisitions.
Cramer thinks IP is worth buying at current levels. It sports a 3.8 percent dividend yield, so investors are paid to hold onto it. Its yield goes up as the stock price goes down, Cramer explained. So the worst thing that happens is the stock falls and you can buy more shares with a higher yield. He recommends buying shares now and using the dividends to buy more shares.
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