Why Cramer Likes Six Flags Stock Now

Although U.S. stock market has rallied on news out of Europe, "Mad Money" host Jim Cramer still recommends investors try to play it safe by sticking with stocks that boast "domestic security," meaning the underlying company has zero exposure to Europe and its ongoing debt crisis.

Cramer pointed to theme park operator Six Flags, as an example. The company owns 19 theme parks, water parks and zoological parks in North America, and recently reported a teriffic quarter. Its stock sports a 4.1 percent dividend yield, too.

Despite having filed for bankruptcy in 2009, Six Flags restructured and in Cramer's opinion, has really turned things around. On Tuesday, Six Flags reported a 63-cent earnings beat off a 64-cent basis with revenues that were 6.5 percent higher-than-expected. Meanwhile, it said ticket sales increased by 11 percent while in-park sales rose by 12 percent and the company’s deferred revenue jumped 22 percent at the end of the quarter.

In addition, management has hinted that they may sell their 40 percent stake in Dick Clark Productions — the business behind the Golden Globes, and the American Music Awards — and redistribute the proceeds to shareholders via a special dividend or a one-time buyback.

To learn more about Six Flag’s prospects, Cramer spoke with to Jim Reid-Anderson, the Chairman and CEO. Watch the video to see the full interview.

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