Cramer likes DuPont Fabros Technology, he really does. But there’s a problem.
This real estate investment trust leases data centers to Google , Microsoft , Yahoo! , Facebook and others, which use the space to house their servers. Cramer thinks of the company as a REIT tie-in to the mobile Internet tsunami, as he calls it, and the broadband shortage that it’s creating. He’s predicted the growth in this space to be a multiyear trend.
So what’s the problem? DuPont Fabros , which is in no way connected to DuPont, stopped paying its dividend in late 2008 due to cash troubles, and that made Cramer a bit wary. So much so that he wasn’t willing to recommend the stock when first reviewing it last Thursday.
Enter Hossein Fateh, DuPont Fabros’ CEO and president. He got the chance to change Cramer’s mind during Wednesday’s Mad Money. When’s the dividend coming back? What else should investors expect from the company? Watch the video to find out.
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