Evan said he didn’t know why Cramer would call a company like Thompson Creek Metals too speculative, though it has strong earnings, while recommending another spec stock, NovaGold Resources . Was it a question of growth? Proven reserves? Something else? Both companies have unproven reserves, Cramer said, but both George Soros and John Paulson have sent geologists to NovaGold’s mines. They’ve found what they think is the largest gold repository in North America, and that’s why Cramer likes NG. He thinks it maybe the stock of 2011.
John asked Cramer if he had any picks in the nanotech business, but Cramer urged him to stay away. The “Mad Money” host called nanotech a fad, saying he’s “never made any money in it.”
And finally, Jeff wanted a play on water. Cramer offered PerkinElmer, a testing and cleaning company that is cheap.
“I think that’s the way to go,” Cramer said.
When this story published, Cramer’s charitable trust owned Deere, NovaGold Resources and Weatherford International.
Call Cramer: 1-800-743-CNBC
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