How does a company like Polaris , maker of all-terrain vehicles and snowmobiles – the very definition of consumer discretionary products – manage to top its earnings in an otherwise dismal environment for the consumer?
Speaking alongside Cramer on Tuesday’s Stop Trading! segment, Polaris CEO Thomas Tiller answered that question with a sense of ease: because of the quality of the company’s products. There will always be a segment of the economy that isn’t struggling, and these people are going to look for the best products out there to fit their lifestyle.
Polaris is thriving because it’s constantly innovating, Tiller said, even as the lion’s share of American consumers probably couldn’t think of something they need less than a snowmobile.
Cramer called Polaris an outlier, saying Tiller “must have quite a product” and praised the CEO for running an efficient shop in a tough economy.
Shifting gears, Cramer said that he expects more American companies to be “given away,” and expressed his continued astonishment over the Anheuser-Busch - InBev deal.
It's probably not the last time we're going to see an American icon's shotgun wedding to a foreign company, Cramer said, so long as these economic conditions persist and the dollar remains weak. It would have once been unfathomable to think a company like Clorox could get bought, but now that stock's market cap is a mere $6 billion, considered cheap to many foreigners. And news just crossed that Sprint Nextel looks closer to being swallowed up by the South Korean SK Telekom .
A new era of M&A is upon us. Only this time, it might not be for America's good.
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