Cramer said there are some other stocks that can make you 50% gains while the rest of your stocks languish. Cramer believes that mastrerCard (MA) is another potential situation like that. It came public around $40 in MAY and has doubled. Cramer said he didn’t care and he thinks it is still a sustainable moving stock.Cramer thinks MA has a lot of upside and the IPO was priced way too low because it came right after Vonage (VG) IPO and Wall Street was desperate not to burn investors with a poor IPO pricing. Cramer said it should have come public at $60 or maybe even $70. He thinks this is an irreplaceable franchise because of its global payment network. He also like demutualizations because they have a history of being inefficient but after the come public they have to start cleaning up and trying to grow.MA already has a $12 Billion market cap, which I compared to American Express (AXP) $71 Billion market cap. MA closed up 1.1% at $89.20 in normal trading and then traded up another 2.5% to $91.50 in after-hours prints immediately after the Cramer pump.
Weekend Edition: Cramer Keeps Backing MasterCard (MA)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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