CEO Interview Tupperware
Cramer recommended shares of Tupperware (TUP) as a play on falling gas prices and a defensive stock. He explained that 17% of the company’s costs are related to oil-based resins, so lower oil prices will lead to higher margins. Tupperware CEO Rick Goings joined Cramer to discuss his company’s prospects. Goings mentioned that the company’s guidance didn’t factor in lower resin prices. The firm forecasted earnings of between 37 cents or 42 cents per share, which was below Wall Street estimates of 46 cents. Cramer said if resin costs come down, Tupperware could be setting up to under-promise and over-deliver. Goings pointed out that 50% of Tupperware’s profits come from abroad in places like Latin America, China, Indonesia and Malaysia. Cramer told investors to buy TUP. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!



July 25th, 2008 at 10:18 am
Thanks for the info, I think it will be helpfull for me and my business plans that I have for the neer future.
Good luck.