Tetra Tech, a Cramer favorite, beat analyst expectations for the fourth quarter thanks to increased margins. Profits for the civil engineering division alone were up 50%, CEO Dan Batrack told Cramer.
Tetra Tech is a civil infrastructure company that focuses on water resource management. So the recent water bill Congress passed, overriding President Bush’s veto, should be a boon for the company. About half of the $23 billion earmarked for water infrastructure projects will come out in the next five years, Batrack said, and those are the “dead center of the core markets” the company operates in.
“We’ve never seen the business stronger in all of our markets,” Batrack said.
“We’ve been right on this one,” Cramer said. “I think we stay on it.”
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