Economy Blog

Cramer recommended alternative energy and wind power company MasTech (MTZ) for his speculation Friday stock pick. Cramer pointed out that MasTech is engaged mainly in building infrastructure for the telco and energy industries but it also has a growing wind power business. He called the company a service firm for the wind-power sector, like Halliburton (HAL) and Schlumberger (SLB) are service companies for the oil industry. During the company’s last quarter, wind accounted for $45 million or 17% of sales and Cramer thinks sales make up a much larger slice of revenue in the second quarter and next year. The company has a $1.4 billion backlog and trades at only 10 times forward earnings. Cramer recommended buying shares of MTZ under $11.
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Fuente Original

Cramer recommended alternative energy and wind power company MasTech (MTZ) for his speculation Friday stock pick. Cramer pointed out that MasTech is engaged mainly in building infrastructure for the telco and energy industries but it also has a growing wind power business. He called the company a service firm for the wind-power sector, like Halliburton (HAL) and Schlumberger (SLB) are service companies for the oil industry.
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Fuente Original