Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday March 21.
Is a “new tech” company which is the largest producer of industrial batteries for forklifts, mining and railroad equipment, and most recently, nuclear submarines for the U.S. Navy. ENS has perfected its own technology using Think Pure Plate Lead which is used to make batteries smaller and more efficient. These batteries will soon replace the litium-ion batteries found in hybrid cars. Demand is increasing for the TPPL technology, which currently comprises only 10% of ENS business, and Cramer thinks this segment will grow. The company can pass high commodity prices on to the consumer and derives 60% of its revenue from overseas. A Merriman downgrade brought the stock down 8%, and Cramer would take advantage of this buying opportunity, which follows a big run in the stock following its successful quarter.
Special Guest: Senator Chris Dodd [D-CONN]
Senator Dodd appeared on Mad Money to discuss the Homeowner Rescue Bill which will allow troubled homeowners to seek loans and refinancing help from the government rather than foreclosing. Senator Dodd added a “contagion effect” as debt exceeds equity for 9 to 12 million of the nation’s homes, foreclosures are growing, and other sectors of the economy are being affected. “The heart of the problem is housing,” Dodd said. And “the heart of the housing problem is the foreclosure issue. Until you address that, all of this is going to continue and get worse.”
The Senator believes helping the homeowner will help everyone, as even solvent households are affected by falling property values when neighbors foreclose. Although the President might veto the bill, Senator Dodd is optimistic it will be passed into law. Of the bill, Cramer said, “This is the beginning of the end of the decline in your house’s value.”
Mad Mail: DeVry (NYSE:DV)
While a viewer touted DV, Cramer referred to his rule not to touch a company that is being investigated for accounting irregularities.
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