Seeking Alpha
Profile| Send Message|
( followers)  

Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Wednesday June 25.

blockquote>

Trees in the Sea: FMC Technologies (NYSE:FTI)
Continuing his series on clean offshore drilling, Cramer discussed FMC Technologies which uses “subsea trees” which connect oil wells under water to surface rigs. The use of subsea trees prevents spillage and saves money, because fewer rigs are needed. The company expects to grow 62% in the next five years and has $1.8 billion worth of work outstanding. FMC plans to buy back 10% of its shares and Cramer says it is a buy at its current low price.
Treasure from Trash: Republic Services (NYSE:RSG)
A merger set to take place in the fourth quarter will make the combined forces of Republic Services and Allied Waste a powerful duopoly which will control 60% of the waste management space. The deal will save the combined companies $100 million the first year and $50 million for two years after that. Although Republic has an $8.2 billion debt, the company plans to pay down close to a quarter of it in the next three years. Cramer’s predicts the stock will jump 26% to $40 and has an 18% growth rate, but Cramer would wait till next week to buy, because Republic is up 3% on a positive note by Goldman Sachs.
CEO John McGlade, Air Products (NYSE:APD)
Cramer’s next “new tech” play is Air Products which has patents for lithium-ion batteries for hybrid cars and is currently supplying Duke Energy with oxygen to make coal into cleaner gas. McGlade commented on the company’s “pretty unique business model” which allows it to pass rising costs onto its customers. “He is trying to solve mankind’s problems,” Cramer said of McGlade. “I say mankind’s problem-solving is going to make you more money. Buy some Air Products. You won’t regret it.”

Seeking Alpha publishes a summary of Jim Cramer's stock picks every day including: Mad Money Recap, Lightning Round, Stop Trading and his Wall Street Confidential Picks.

Get Cramer's Picks by e-mail -- it's free and takes only a few seconds to sign up.

Seeking Alpha is not affiliated with Jim Cramer, CNBC or TheStreet.com

Source: Treasure from Trash - Cramer's Mad Money (6/25/08)