Cramer Bullish On Alliant Techsystems
Cramer was out with bullish comments on Alliant Techsystems (ATK) on Thursday’s “Mad Money” TV show. Cramer explained that ATK operates in hot markets like ammunition, missiles and launch systems and space technologies. Right now the stock trades at 13.8 times 2008 expectations, but the company is growing at 20% a year. Cramer feels ATK is too cheap and should sell at much higher prices.
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