On tonight’s MAD MONEY, Cramer featured the IPO frenzy.
Everyone is fascinated with IPO’s, but Cramer says he will tell you which to buy and which to sell and prices to get in and out. He will be the final arbiter on these.
This is the busiest week for IPO’s this year. IPG (IPGP) and Guidance Software (GUID) he likes, but he really PANNED Artes Medical as too speculative………(EDIT POST 6:40 PM EST)
1) review comparable public companies; 2) See if it is a hot issue; 3) are they desperate or are they in fine shape looking for security; 4) are they late to the party and trying to catch the end of a craze; 5) decide when to sell beforehand; 6) use limit orders.
IPG Photonics: IPGP is in industrial lasers. It trades at 35-times earnings, but it is hot because it is niche and controls 60% of the fiber lasers and the sector has lamost 40% growth to 2010. He thinks it could end up being a core tech holding for some companies and it could price higher and he would easily pay $20 per share. If it gaps too much you have to let it slide back down.
Jon C. Ogg
December 12, 2006
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