Stocks discussed on Cramer's Mad Money TV program, Monday April 10th. Click on a stock ticker for more analysis:
Avaya Inc (AV): Turned positive on this stock for the first time. Should benefit from the general upturn in telecom equipment, along with JDSU (NASDAQ:JDSU), Applied Micro Circuits Corporation (AMCC), Bookham Inc (BKHM), and Mindspeed Technologies (NASDAQ:MSPD). Analysts overly negative on Avaya because Cisco Systems (CSCO) has the largest market share. But Avaya gaining share in the private switchboard [PBX] market, and took 23% of new voice-over-IP [VoIP] deployments in the last 12 months, versus only 11% in the year before that. Avaya has enough cash to repurchase 5% of its stock. Rumors of a March-quarter miss, so stock hasn't rallied. Could buy now, but more prudent to wait until after Q1 results are announced.
General Communication Inc (GNCM.A): CEO interview; Alaskan telecom company. CEO Ron Duncan argued that GNCMA could mirror growth of Alaska's economy which is leveraged to oil and the potential for a new gas pipeline, and that the company should grow cash flow by $15 million per year. Cramer asked about errors in the company's financials associated with a billing system changeover; Duncan said the error was a one-time incident.
National Oilwell Varco Inc. (NOV): Company designs and manufactures oil rigs, has 50% of the land-based rigs market. Late-stage leverage to rising oil prices because it should benefit from the shortage of oil rigs. Stock currently at $65, should go to $77.
Nuvasive Inc. (NASDAQ: NUVA): Medical device company focused on spinal problems and minimally invasive back surgery. Should be beneficiary of aging US population. Current revenue growth 41-46%. Strong product pipeline, lowering of revenue guidance in February provides buying opportunity as stock fell from $20 to about $17, but stock highly speculative. Stock of the Week -- ie. "could be really big".
1-800-Flowers.com (FLWS): Will FLWS benefit from rising gold prices, as shoppers will buy gifts from FLWS instead of jewelry? Cramer: No, but still likes the stock.
Union Drilling Inc (UDRL): Bullish on the stock. Hold until $17 or $18, then sell.
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