Sometimes the only problem with a good investing thesis is that you get in too early. That’s what happened when Cramer recommended Itron back on April 22, 2008.
He liked the stock as a play on smart grids, digital upgrades from the old-fashioned 20th century kind that allow for optimal energy usage. But it wasn’t yet time to own Itron , which is why the share price has dropped 24% since then. Compare that to the S&P 500 being down just 12% over the same period.
Not until President Obama started pushing for smarter, more efficient power grids did Itron become attractive. And since Cramer again recommended the stock on Oct. 19 of last year, ITRI has jumped 35%, besting the S&P’s mere 10% gain during that time.
But does Itron still have room to run? Cramer thinks the answer could be yes, but he wanted an insider’s take before making a call. Watch his full interview with CEO Malcolm Unsworth for an in-depth look at this company, which reports its second-quarter earnings a week from today.
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