Cramer Speculative Healthcare Play – Symmetry Medical

Cramer offered up a speculative healthcare stock in Symmetry Medical on Thursday’s CNBC “Mad Money” TV show. The company supplies orthopedic implants to healthcare giants like CR Bard (BCR), Smith & Nephew (SNN), Zimmer Holdings (ZMH), Stryker (SYK) and Johnson & Johnson (JNJ). “Think of Symmetry as the arms dealer to the medical sector,” said Cramer. Symmetry also produces instruments that are used to place and remove implants, plus the company makes cases for organizing, securing and transporting sensitive medical devices. The stock was branded speculative by Cramer because the company had some issues with the SEC this year, after one of its overseas divisions overstated revenues last October. The company took a $2.2 million charge from legal and accounting costs, but Cramer said those issues are now behind the company. Cramer pointed out that Wall Street is predicting a 8.5% growth in revenues, but Symmetry thinks it can do 12% to 15%. He thinks the stock could hit $21 if management can beat the street’s growth estimates. 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!

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