Cramer previewed AeroViroment (AVAV) that Cramer featured ahead of the actual IPO. This makes small unmanned aircraft drones that fit in backpacks. The Army uses them to spy out over the next hill. They also have something that can detect explosives. This IPO is set for next week, and is looking for 6.7 million shares in a $14.00 to $16.00 range from Goldman Sachs as leader. This is part of network centric warfare. Cramer says that the growth is deceptively low because of lumpy orders and he thinks that 2006 was back-end loaded. Cramer thinks this will open higher, and he says if you can get in under $20.00 then you should. He won’t pay more than $25.00 based on comparing the Boeing (BA) and L-3 (LLL) as he noted.
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Jon C. Ogg
January 19, 2007