Stocks discussed in the in-depth session of Jim Cramer’s Mad Money TV program, Tuesday October 24.
Cramer tells investors not to be intimidated by Google's $471 price tag because he predicts it will go at least to $560. To prove his point, he compared Google with other companies to see the results. Google, with 14-per-share earnings and 34% growth would be at $742 if he applied Starbuck's impressive 21% growth and and 53 times per-share earnings. Wholefoods, which outranks other retailers in growth and has double-digit same store sales would bring Google to $644 with it numbers. Google would be sitting at $546 with F5 Networks' numbers, at $784 with Akmai's data and at $826 with Hologic's earnings and growth. The one question that remains, according to Cramer, is why Google isn't higher.
Related: Carl Howe believes that the slowing down of the internet advertising boom may pose problems for Google.
After reporting a great quarter, Netflix is a buy at $27.37 according to Cramer who confesses, "I've been consistently negative on Netflix ... I got this so completely wrong." Cramer said it was a mistake to think that Netflix with 40% growth could be beaten by Blockbuster's internet business. While video on demand could pose a threat to Netflix, it is a few years away and the company is far from its saturation point.
Related: George Gutowski comments on Netflix's high acquisition costs.
For long-term investments, Cramer recommends looking for cheap cell phones which will be popular in emerging markets. Cramer likes Nokia, the "biggest cell phone maker on Earth" more than Motorola which he says has a "measly" dividend and is "unreliable" because of its deals with Sprint Nextel. ERIC has slow growth and a high multiple and Cramer wouldn't consider buying it. Only 10% of Nokia's products are sold in America, the phones are cheap and as the middle class in India and China grows, "they're going to be buying Nokia phones," Cramer predicted.
Related: Phil Davis endorses Nokia for the long-term.
CEO Interview: Eli Harari of SanDisk (SNDK)
Eli Harari commented that the company's 15% selling price decline was a surprise; "We delivered record revenues and beat estimates, and our fundamentals are as strong as ever. This was very puzzling." However, he added that the one bright spot of the decline was that it brought the company's costs down which is "healthy for consumer electronics." Cramer asked how SanDisk makes any money on its MP3 Players since they are so inexpensive, and Eli Harari replied, "We can make money because we manufacture the flash memory" without using a middle-man, "that's why it's such a great value."
Related: Shlomi Cohen predicts that Sandisk will recover from its recent decline.
More: Cramer's latest stock picks, including: Mad Money Recap, Lightening Round, Stop Trading and his Radio Show.
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