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tv   Mad Money  CNBC  April 24, 2013 11:00pm-12:01am EDT

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you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now. hey, i'm cramer. welcome to "mad money." welcome to cram acamerica. call me at 1-800-743-cnbc. could this be national lemon
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day? there are lemons all over the place and they seem to be doing their thing to access everywhere i look. which is the source of much of today's weakness. the dow declining 33 points, s&p finishing unchanged, nasdaq up. first, there's apple. the $381 billion lemon in the room. finally, those analysts who would put apple in the same 4% yield club ♪ hallelujah >> or those who decided to save it for 2013 fall off the cliff. we have a plethora of downgrades. >> sell, sell, sell. >> and price target cuts. the kind used for accounting
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scandals or high-profile resignations. the hatred of apple's management is now so palpable that i find myself in an awkward place. an awkward place of feeling bad for billionaires. if the rich are unhappy, it's their own fault, but the lemming behavior is not just with apple. check out eli lilly. the blockbuster anti-psychotic drug, but a patent cliff, that's one thing. a lcemming cliff is another. one-time payment, otherwise the strength was off from the usual cost cutting. yeah. and, well, cost cutting, the
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lemmings are saying today it just won't cut it. there's got to be some growth. a cint ichilla of growth. the other stocks turned into lemmings that came from bristol-myers, pfizer, suddenly had hair on it. the tactical term for, oh, boy, things are not as clean as i thought. after deciding not to be greedy, i got a little thing going for these lemmings. it's about time somebody got some profits from these products. how about amgen today. wow, the lemmings are really willing to pile over that cliff. down 7 points, and why not?
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this quarter marked the first loss for amgen and they could be losing steam. i'm tested to blame this one on the lance armstrong confession and the end of doping by athletes. facetious. in the meantime, the host of the pipeline are not contributing anything new. there's too much hope in amgen. it might not be done going down, which is lemming pin action. and gilead and biogen, how that they are up 38, 41, and 48% respectively. they have the characteristics of classic growth and not productive in the outcareers in the balance sheets to fund them.
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still, they hate to take them away. so they will follow others blindly off the cliff. how about at&t? holy cow. no real revenue. possible tapering off the company's mondaster buyback. verizon and a real nasty lock of wire line growth as the culprit, of course, hmm, leads me to the question, did the small businesses of verizon's territory have a robust time with things? it's one, not two, one from citigroup and the others from morgan stanley downgraded the stock. think about it, when verizon presented that bang-up number, the weakness is being used as
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excuse to sell. ♪ >> verizon. let's take a step back. should i even bother to point out that at&t did add post paid customers? sorry. what's the point of being positive if the stock yield 5%? sorry. do you mind if some century link lemmings, it's down 2%. okay. let's get into the real hideous lemming behavior. check out that vast suicidal behavior that engulfed the good stocks because the earnings beat from procter & gamble is recorded much like eli lillies as a beat with no soul. yes. that 3 cents earning beat came on the heels of disappointing earning growth from 63 to 80 where it was going into the quarter. the culprit, a forecast of
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looking for 81. that's because proctor will have to spend more money to stay in place and because the conditions are, i'm not kidding, they use this word, choppy. yeah, they use that call. choppy. holy cow, if i want to hear the word choppy, i'll take my boat out on the ocean. choppy. you know the analysts are going to try to nail that down. like to hear about spending to build up a franchise. the stock can fall almost $85 and 12 cents. that put a real dent in the averages. colgate, isn't it feeling the pain of proctor? how about kimberly-clark? how about the business performing above expectations? it doesn't matter. lemmings, hey, sell some clorox, too. they both make products found in your kitchen and bathroom.
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guilty as charge pepsi co and is it given that the world suddenly coming to an end? let's give them a day. here's why. even hershey was clobbered. credit suisse. and do not ask questions given how well they were performing until today. the market is filled with halves and have-nots. not all groups are experiencing this lemming behavior. pa narrow is down where they didn't get a raised forecast and brinker didn't either. but starbucks and mcdonald's both had a good day. maybe that's because they are perceived like yum brand.
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meanwhile, taking whirlpool off the in-lining quarter, from the wealth effect, and boeing's magnificent quarter and even lolely worm alcoa. the bulls just have to hope that wall street doesn't think it's national lemming week or maybe they will figure out that the whole cliff diving thing is a bad idea and ought to spend more time looking and less time jumping. hey, let's go to ed in wyoming. ed? >> caller: hi, jim. greetings from -- boo-yah from cheyenne in wyoming, almost had
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38 inches of snow. >> well, i guess it was more of a snow issue. let's go to josh. >> caller: hey, jim, big 18-wheeler trucker, boo-yah to ya. >> i'm liking that frigeightlin. >> caller: hey, i'm following the furloughs and the airlines and delta comes out with a better year over year quarter, they are up like 8%. i'm thinking, what's going on? are we supposed to be in the airlines? buy them or sell them or go up? >> you ought to stay in the airlines despite the chart looks dim and the sequester is a real head knocker. i was on the tarmac the other day for a couple hours and they said it was because of the sequester and a message was put out, come on, faa, stop playing
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a game. i think lcc, u.s. airways is the way to go. michael in my home state of new jersey, michael? >> caller: super big boo-yah from manchester. >> i'm not familiar with it, but go ahead. >> caller: what is going to happen to the stock of bank of america when the federal reserve stops its qe and do you think that the stock has a potential to hit 25 or above by 2013? >> there's a lot of mystery. the bank stocks go higher when they do that. that's one of the reasons that they act like total dogs. bank of america could go to 20 once the fed stops. that would raise the net interest mar inj. lots of people come on the air and say really stupid things and nobody calls them out because they are a lot nicer than i am. bulls make money and lemmings, well, if it looks like a
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lemming, smells like a lemming, i think it may turn out to be a gift in disguise. "mad money" will be right back. coming up, clean and green. it's green week at nbc universal and cramer's got the companies that can make you green while being green. clean energy fuels is building natural gas fueling stations across the country. but can it power your portfolio? cramer's exclusive with the ceo is next. >> and one of the most recognizable names in your kitchen cabinet but after a air-tight year, is the stock yesterday's leftovers or could it stay fresh? cramer gets the dish in an exclusive with its ceo just ahead. all coming up on "mad money." don't miss a second of "mad money." follow @jimcramer on twitter.
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have a question? tweet cramer. send him an e-mail to or give us a call at 1-800-743-cnbc.
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universal, i want to talk to you about the fuel that has a chance of weaning us off dirty foreign oil. right now. not 10 or 20 years from now. many viewers now about natural gas. it's the other fossil fuel. you know, the one that's cheaper that diesel? it's also cleaner in terms of co2 emissions. i've been pushing it in the future for ages now and after years where it felt like nobody else cared except for the companies themselves, we might finally be approaching a tipping point. just yesterday, "the new york times," a paper with a long skepticism against nat gas publishes" trucking industry is
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set to expand its use of natural gas." andrew littlefair is the ceo of the largest alternative transportation fuel provider in the country. it's an operator of compressed and lick kquefied gas industry. something that makes sense as the costs per gallon is about $1.50 cheaper than diesel. it's building a fueling station across the interstate highway system coast to coast, border to border. could be the stock to buy. albeit only for speculation. it's only up 6% for the year and is this the turning point? let's check in with andrew littlefair, the terrific co-founder and ceo of clean energy fuels to find out where his company is headed and the industry is headed. >> thank you. >> as soon as i knew it was green week, i think people are just beginning to understand what you've been talking about.
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>> we've been at it a while, right, jim? >> yes, we have. >> it is happening now. >> give me why it's not chicken and agency. >> well, we're going coast to coast today. it's not a perfect infrastructure yet but you have all of the manufacturers that announced product. that's different than it was a few years ago and big significant companies like ge and shell saying they want to get into the business. ups making an announcement they are going seven times -- add seven times as many natural gas trucks this year as they had last year. you're beginning to see it take place. the reason is that now the westport, the 12 liter engine, we really didn't have the right engine for america's truckers. >> and they didn't what? they didn't have the power? >> we had a nine liter. >> what are you hearing about the mixed use, the diesel and
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nat gas engine that chesapeake seems to be using. >> i love chesapeake. we work with them closely. there is a margin for conversions but i think when you turn these trucks over so fast, it's a new truck market. >> okay. >> and that's the way it will go. >> one of the things that bothered me about this article, it's the federal energy information administration, they come out and project that if lng fueling stations were felt and economic conditions were right, sales would increase to 275,000 and i'm thinking it's going to be in five years. no, 2035. and then at the end of this piece, you have boone pickens who is a backer of yours saying 70% of the 18-wheelers in seven years. that disparity between a federal agency which clearly must not believe. >> well, the eia has hardly ever been right. >> no. but they've hurt this industry by making it seem like it's pie in the sky. >> i have to fall back and look at what has happened.
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five years ago we didn't have hardly any natural gas refuge and this year 53% of all of the new ones being purchased are natural gas. 95% of their purchases this year, new truck purchases and they buy the most trash trucks are natural gas. so it's happening, jim. >> buses? >> oh, yeah, buses. 35% of all of the buses being bought right now are natural gas. i ex interpret late what has happened and put it on the heavy duty trucking. >> i don't want to put their names in. listen, let's just explain it to you. they are talking about pilot projects. 100 trucks here, 200 trucks there. >> this is the year you're going to have some pilot and we saw it in the industry. these are good operators. they have to get familiar with the 12 liter. you're going to see about 2500 trucks entered into -- they are
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all doing it. ups, fedex, they are all testing it. and the most important thing you're beginning to see, procter & gamble, they've gone out to 45 of their haulers. remember, they don't have any trucks. >> right. they want the costs low. >> they want the costs low because they pay for the fuel. >> right. it's a pass. people don't understand that at home. >> they are going out to rfp, request for purchase. and that's where you're beginning to see them putting on these big truckers and they can save money. >> 529. do you know what that number is? >> no. >> 529 wasted on fiska but they are going to get rid of the l and g tax break, right? >> i don't think we can count on having a tax incentive until after this year. >> but the btu equivalent is bad
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for you. >> this is insane, right? >> it is insane. >> today to use a clean fuel in america, we pay more on highway tax than diesel. 18 cents a gallon. >> who in congress understands -- >> well, we're working ohhn tha. it puts us at a disadvantage and needs to get fixed. >> i think of trucking, i think of fedex and ups. >> right. >> fedex, they are skeptical. they are skeptical. they might as well say, listen, that's a bad idea. >> fred smith is the ceo of -- >> we all love him. >> he's basically said, i'm going to election trifi my light duty fleet and by the way they have 90,000 vehicles, and 16,000 heavy duty vehicles. i was on a panel today. >> bill is in this with you? >> he's testing it. he wants to make sure it's going
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to work. but he said all the right things today. i believe he will be a big user of this. look, they buy 600 million gallons of diesel a year. so if they can send $1.50, the trucks do what they do, they will save money. >> what happens to opec if people do what you want? >> you know, this is a big dream. >> i don't think it's a dream anymore. >> it's happening but if all the trucks, three million class a trucks -- >> that's rational. >> some day we may get there. that's the equivalent to cutting opec in half from what we use. >> what's the president on that? likes that? doesn't leak thike that? >> we ought to be using it. jim, it's on its way. >> it makes so much sense i feel silly talking about it. it's the first time the times has addressed it. andrew littlefair, cnle, it's
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clean energy week. thank you, andrew. [ male announcer ] there are people who find their own path. and never back down. who believe the american dream doesn't just happen, it's something you have to work for. ♪ we're for those kinds of people. because we're that kind of airline. and we never stop looking for a better way. it's how we've grown into america's largest domestic airline.
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we are southwest. welcome aboard.
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girl vo: i'm pretty conservative. very logical thinker. (laughs) i'm telling you right now, the girl back at home would absolutely not have taken a zip line in the jungle. (screams) i'm really glad that girl stayed at home. vo: expedia helps 30 million travelers a month find what they're looking for. one traveler at a time. expedia. find yours. you don't get too many gifts in this market. but today i think you're actually being handed one on a silver platter. i'm talking about tupperware brands, tup. high quality storage and
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packaging products as well as beauty and personal care brands all over the world. for the last three months, tup has been, if not a permanent resident, then at the very least it's been a frequent visitor. the stock is up 15% since we last spoke to the ceo in january, outperforming the s&p 500. in october 2006, that's right, it's given you a monster 384% with dividends. wow. but tupperware's stock got slammed. down roughly 4% in a single session. i think this pull back could be a total gift. remember, the direct sales model, a sales force of 2.8 million independent distributors, working for themselves in the developing world where they have a lot less retail infrastructure than we do. plus, after today's selloff, there's a 3.1% yield and we've seen dividends create a floor
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for many other stocks. the company has $1.1 billion in the buyback authorization. and if the stock goes low enough, management could accelerate to get shares coming back in the right direction. what about this quarter? what happened to cause the stock to get hammered? what went wrong? it beat the streets estimates by 5 cents, so far so good. revere revenues came in below the estimate. tupperware did cut the full year earnings guidance by 10 cents and i could see how people want to use that as an excuse to ring the register. although the guidance was in line with what they were looking for. really doesn't reflect the problem with the business. it's being caused by foreign exchange rates and higher share price means they can't biuy as many shares. even though i think the selloff is a gift, the stock market is
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one place to look at it in the mouth. let's talk to rick goings, just this month returned from a global tour of his company's operations. what comes next, mr. goings? welcome to "mad money." >> good to be here. >> it is green week here on nbc universal and i always think of tupperware as one of the more sustainable -- sustained from the get-go, i don't use aen to of ziploc bags, maybe i'm being too fassal. explain what tupperware does to save the earth from a host of things that shouldn't be on the earth. >> well, that's a great question and great segway into how this company was started. if you remember in the graduate, the man says to dustin hoffman, one word, son, plastics. this company was created by
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converting polyethylene something like that from the refining industry. how do you make a product out of it? we came up with resins and earl converted it into a natural product. that's how it all started. we've continued that legacy. it's interesting, i just came back from one of the places in indonesia and all over the world we've begun selling water bottles. we'll sell tens of millions of these and to give you an idea, the impact of the environment of these lifetime guarantee tupperware containers is the typical person in their lifetime will run through 4,000 p.e.t. bottle its. they are filling up dumps all over the world. this doesn't go into a dump and we have a product line that replicates this but water is a new territory for tupperware and there will be a point in time
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where we're selling hundreds of millions of these each year. >> rick, you do a lot of work in the emerging markets. are the emerging markets conscious? some of the companies don't have -- they don't seem to care as much but are these companies conscious of what is being done to the environment? >> well, they are. and i know from my close contact with the people in the chinese government, for example, but they've had some bigger fish to fry in many of these emerging markets. firstly, feeding their people. and so as that starts to happen and you get on with the hierarchy of needs, food, clothing, and shelter, they turn immediately to the environment. i'm noticing a big consciousness out there but they have government's limited resources. >> okay, rick, let's talk about the quarter. because when you came on last time, you said what keeps me up at night is germany. it was 60% of our profits. now, in your conference call, i'm only putting it out because you make the point, you are
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unhappy with germany. this turned out to be something that did merit sleepless nights. >> well, yeah. more specifically, i used to be worried about germany in the mid-'90s when they were 60% of our profits. i outlined in a conference call this morning we have 15 markets that are the drivers of our business right now. so like many of the portfolio managers, you can have one that doesn't hit the mark you want it to but still have a great quarter like we did this quarter. germany has been up very nicely for the last two years. they had some promotional issues in january where the promotions didn't click. normally they are able to come back and fix it. i remember i was on the last conference call i was in germany but what happened to them was 15-year record snowfalls and we had all kinds of party cancellations in march. i'm pleased to say, jim, the beginning of the second quarter, we're getting back on that track
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again. so i feel good about germany, our management team. we have a sales force size and dynamic product size. so this will be a good year for germany. >> that's good. i know you called it out. you mentioned it, indonesia, turkey, china. you're a straightforward guy. you said you went to your 25 largest shareholders, some of them want dividends, other with a share with purchase. since then, the stock has moved up so much that maybe it's not a great idea to continue to repurchase up here. maybe this is a time to continue to up that dividend. >> well, i was at a well-known beauty company that starts in direct sales, it starts with, a, when we had to cut the dividend. i said to myself, i'm never going to go through that again. so when we moved the dividend forward, it -- from my standpoint, it's a permanent thing and we've done it three
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years in a row and then last year we did it 74%. it was double digit each year prior to that. so given the option of using some share repurchase and buying in shares gives us some flexibility because once you raise the dividend, that is in my dna it's a permanent move. >> all right. one last question, rick. if you look at the united states, okay, some of these emerging markets, some of the lesser emerging markets earlier development are so fabulous. why waste your time on these developed markets? it seems like the world is your oyster in these undeveloped markets. >> well, for really a very strong reason. i'd say we're an and business. you go to the established markets of the world, the u.s. and europe, you have a per capita incomes. i was in norway last year. you don't have population growth but you have big disposable
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income. we want to be there and we want to be there, too, because they buy our high-quality premium price products. so you go to indonesia, again, last week there, $3500 a year in per capita income. and so if somebody says, well, which do you want? we want them both. >> all right. i do have to ask you this. last time there was a lot of people talking about tupperware, herbalife, avon, why aren't people talking about that anymore? >> well, i think what happened is people like you and broadcast who disseminate information, there's been a significant number of people who have explained the difference and i think it was helped by us doing the work on creating a white paper that we didn't talk about their bad and we're good. these are just chuck and cheese. we recruit people to sell. most of those kinds of companies
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recruit people who consume products. they are very, very different. our people generally are here to build a career in a business. so i think there's a greater understanding of that and it's also why there's more predictability with a company like tupperware. >> rick goings, chairman and ceo of tupperware, congratulations. another good quarter, sir. >> thank you, jim. >> okay. look, this stock has been such a horse. not unlike what we saw in a lot of the beverage companies or drug companies. i think tupperware is doing a pretty remarkable job. germany is going to turn around. tup, it's for me. stay with cramer. >> announcer: you're not going to want to share either. "mad money's" back to school tour returns tomorrow. i was cooking dinner for my family.
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boom. heart attack. the doctor recommends bayer aspirin to keep this from happening to me again. it's working. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. it can happen to anyone. talk to your doctor. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs.
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spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you.
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before we get to today's lightning round, we have very exciting news around here. it is time to hit the books.
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♪ hallelujah >> don't forget to tune in tomorrow to watch "mad money" on the road. yes. we're taking the show to my hometown, philadelphia, to reboot the back to school tour. you know what goes really well with college life? not the liquor. no. come on. young people. wings. so i'll be sitting down with buffalo wild wings ceo sally smith to breakdown what is next for bwla stocks. now it's time for the lightning round. buy, buy, buy. sell, sell, sell. the lightning round is every oh. are you over? it's time for the lightning round on cramer's "mad money." i wasn't to start with matthew in new jersey. matthew? >> caller: jimmy, a very special
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byob boo-yah from the town of new jersey. >> i'm liking that. what's up? >> caller: i want to hear you talk about the internet security sector in light of the twitter hacking and in particular i'm interesting in hearing about source fire, sfrie. >> there can be no shots in this cyber security scott. intel owns macafee. they are huge right now. ed in wyoming. ed? >> caller: boo-yah from wyoming. >> it's been snowing out there. what's up? >> caller: i'm looking at the read index at the highest point since 2007. i'm looking specifically at that. i'd like your opinion. >> there's been publicity about that group.
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i'm still going to recommend lny. let's go to trevor in massachusetts. >> caller: hey, jim. how are you? >> doing great. how are you? >> caller: it's been tough in boston. i'd like to ask your viewers if they are watching that they can consider donating to the one fund in boston. this is clearly going to help victims and families get through hard times here. >> absolutely. my daughter and i are helping out, too. and -- yes, absolutely. people should do that. absolutely. how can i help? >> caller: i'm calling about walter energy. a buyer of 26, dropped down a lot here, down to 16 and up to 18. >> i think it's too cheap. i do not want to sell the move on the first day. i think the stock can go up higher and mineral stocks are going to have another good days. let's go to mike in illinois. mike? >> caller: jim, you covered tri when it ipo.
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it's doing good so far. >> it's still cheap. it's still cheap. it's still a good financial. nothing's changed. i like the stock. and that, ladies and gentlemen, is the conclusion of the lightning round. >> announcer: the lightning round is sponsored by td ameritrade. from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade.
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>> announcer: the wildcat is the spring of the campus. it's springtime in philadelphia and now a new species has been introduced into his environment. "mad money's" back to school tour returns tomorrow. >> boo-yah! >> oh, we're going to be really busy over here at "mad money" tonight because we're going to be packing our bags and favorite mixed tapes because we're going to philadelphia. our road trip to villanova and
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back to school tour. that's tomorrow. at the same time, earnings season is in full swing. no matter how busy you get, however, don't forget to spend your time doing your homework and that's why we play my favorite game, am i diversified. that's why you call me or tweet me. we have great tweets of our set. give me your top five holdings and i'll tell you if your portfolio is diversified enough. let's start off in puerto rico. what do you have for me? >> caller: how you doing? boo-yah, boo-yah, jim. >> i like that. what's up? >> caller: just checking to see what's your opinion on my portfolio. i have lpk, fb, facebook, lng, lcc, afce pop eyes. what do you think? >> all right. let's take a look at this. there's two ways to look at any portfolio.
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one to see if they are all in the same bucket and that would be bad. your problem is that opko and cheniere are both and we're going to keep opko and ring the register for cheniere. afc, that's popeyes. u.s. airways, that's terrific. facebook has been established in a position. let's just do -- instead of cheniere, why don't we put in some chevron? okay. let me get an oil that's not speculative and then we'll be in great shape. ♪ hallelujah >> let's go to nancy in florida. nancy? >> caller: hello, jim cramer. this exciting to get you on the phone. i'm a first time caller but i followed you for about five or six years. i'm about 73 so i have most of
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my money in safe things, like stocks. but i have -- because of you, i have dabbled in some stocks and i've had fun. >> that is a great thing. there should be "mad money" and retirement money. thank you for understanding that. a lot of people miss interprinte show. you do not. how can i help you? >> caller: well, in the last four years i have followed your wisdom on the high-dividend paying stocks and have done pretty well with them. >> slept. >> caller: and my five are at&t, so, tys and capono and hts. >> wow, that's really interesting. thank you for those kind comments. you know, you've got two reads that are financial, the hatteras
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and cys. we're going to have to get rid of the hatteras. we'll keep the cys and add instead -- let's pick a drug company, why don't we buy a little merck. okay? utility, ken der morgan, at&t, not as good as verizon. that way if we wind things out, mer merck, that's all right. "mad money" is back after the break. both maxwell and ted
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have hail damage to their cars. ted is trying to get a hold of his insurance agent. maxwell is not. he's on setting up an appointment with an adjuster. ted is now on hold with his insurance company. maxwell is not and just confirmed a 5:30 time for tuesday. ted, is still waiting. yes! maxwell is out and about... with ted's now ex-girlfriend. wheeeee! whoo! later ted! online claims appointments.
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how can apple stock go down from here when everyone i know has an iphone? there it is. the single most damning question that can be asked about apple the company and more important, apple the stock. this clearly explains apple to get out of its own way, despite the millions and millions of iphones sold, despite the immense popularity of the ipad, all which were extoled and repeatedly downgrade prone and endless community. the reason apple the stock can't lift even though it reported what seemed like impressive earnings, if you didn't know any better, is that everyone seems to own an apple device and everyone seems to own the stock. you can't sell iphones to people
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who already have an iphone unless the new models are much better than the old ones and they are not. however, you can sell samsung phones to apple iphone users and that's happening in increasing numbers across the globe. and if they want dividends and steady growth, not choppy declines, increasing gross margins, declining costs and competition, then kimberly is the way to go because apple is almost the amount opposite on every account. they would know what i'm talking about. it was positively surreal. it was as if the animals are critiquing the rise and fall of
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the apple empire. that's because apple intends to return to shower them with cash. the analysts figure out how exactly poor apple's performance really is. they want to figure out how badly apple is getting stomped by samsung. gross margins are the giveaway about whether apple can charge more than everyone else. the gross margins are headed down, down, down, which is why again this feels more like the fall of the roman empire, not the rise of it. now, i do believe that apple can create a fixed income floor for its stock. with that bump in its dividend. but without the consistent earnings growth and increasing growth margins, it's hard to figure out why on earth you would pay for apple. what did they need to sayen oh the call to make the analysts
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change their negative tune? they needed to say the most exciting new products ever. they didn't say that. apple needed to i a nouannounce returning to shareholders and dish network, sprint, and netflix in order for an i-television on the living room, the bedroom, not just the office. that would give the company to keep raising its dividend and raise earnings dividends, not lower them. and then all of us have something new to buy from apple. only then would the stock find new buyers. everyone seems to have what they need. there's no reason to buy anymore. on the other hand, though, i don't think after all these down grades there is a reason to sell any more, for that matter. which is why despite all of the holds and price target cuts, the stock almost closed flat today, a sign that the floor is already in or, let's just say, we're real close to it. stick with cramer.
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i'd like to wesh a heartfelt welcome to baby of our "mad money" family and congratulations to his proud mother kate. we're so happy for you and miss you very much. i'm jim cramer. see you tomorrow in villanova. >> he was literally the man behind the door. >> narrator: arthur nadel conjures a $330 million hedge fund that's all hocus-pocus. >> he was the number-one subject in the disappearance of hundreds of millions of dollars. >> nadel is charged with running what's been described as a mini-madoff scheme. >> narrator: in the blink of an eye, nadel disappears without a trace, leaving clients without their life savings. >> you just question, how are you gonna make it -- how are you gonna make it happen? [ sniffles ]


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