Sometimes Jim Cramer tells a caller that he needs to do homework before he can opine on a stock. And he's not kidding.
Following is Cramer's research or homework on stocks recently called to his attention by investors who watch the TV show.
Don't worry, it's ok if you copy.
On May 6, Gerry in Arizona called about GasLog, a company that owns and operates ships that carry liquefied natural gas.
From homework, Cramer discovered that GasLog had aggressively expanded its fleet. Last month the company bought three LNG carriers for $468 million and announced that it would pick up three more ships at a similar price.
"My view? We know there's huge demand for liquefied natural gas, but this stock is about the demand for ships that can carry liquefied natural gas, and right now it's looking like there might be a glut of shipping capacity here, hence why GasLog has pulled back more than four points from its highs. Any kind of shipping business can be very tough when capacity is on the rise, so I would stay away from GasLog for now," Cramer said.
Intelligence Group (ININ)
On May 7, Mark in Florida asked about Interactive Intelligence Group, a company that provides technology and cloud-based software that allows businesses to automate many aspects of their call centers.
According to Cramer's research the software is quite valuable to clients because it generates savings on labor costs and allows them to streamline processes.
"I happen to like what Intelligence Group is doing, as the company's cloud orders are growing at a spectacular pace, up 165 percent in the latest quarter. However, the stock is incredibly expensive, selling at 128 times next year's earnings estimates, and we know that the cloud names can be incredibly risky in this market. I'm willing to give Interactive Intelligence Group my blessing for speculation, but only if you're a real risk-taker and only if you buy it into weakness," Cramer said.
On April 23, Sara in New Jersey asked for Cramer's thoughts on Entegris, a provider of critical products and materials used in advanced high-technology manufacturing.
According to the company's website, products made by Entegris are used to make the building blocks of many of the world's most complex microelectronic products, such as computers, mobile devices and phones, data storage components, televisions and monitors, and automobiles.
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"I think this stock makes sense given the potential for increased semiconductor capital spending over the next few years," Cramer said. "Also, I wouldn't be surprised if Entegris catches a takeover bid from a larger semiconductor equipment maker that's looking to expand its reach. So I'd be a buyer, but only for speculation as this is just a $1.6 billion company with an $11 and change stock."
On May 21st, Cyrus in Indiana asked Cramer about CalAmp, a company whose hardware, software and wireless solutions connects clients to business-critical data and transforms it into actionable intelligence for people, systems and machines.
With shares down more than 30 percent year to date, Cramer can understand why the stock may look cheap. But he thinks it could get even cheaper.
"CalAmp operates within a very competitive environment," Cramer said. "It has a high level of customer concentration, and a lumpy revenue stream. If the stock comes down another 10 percent to below $17, then I might consider it for speculation, but not at these levels."
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