MICROS Systems (MCRS)
Kelly in Pennsylvania wanted to know about MICROS Systems, the world's leading developer of enterprise applications serving hotels, restaurants and specialty retailers.
"The company provides complete information management solutions by simplifying the cash register and linking it to the back office," explained Cramer.
"At first glance Micros looks fairly cheap, selling for 15 times next year's earnings with a 15% growth rate, but given that the company has $7 a share in cash, it's actually extremely cheap. Plus, we like the new CEO's strong computer services background. Now, the business seems to have stabilized, yet stock is down 11% for the year, which gives you a nice entry point."
However Cramer did add a caveat – if we go over the fiscal cliff this stock will likely trade lower with the rest of the market. If you're expecting no compromise by Jan 1st, "you can pick at MICROS on weakness."
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