Tom writes, “My wife and I have been homegaming for four months. Help, we are in the house of pain with Precision Castparts (PCP). Can a slight pullback in aerospace cause this kind of price erosion?” Cramer explained that yes it can, but he would stay with PCP. Roy writes, “I listened to the 1Q 2008 review for RAM Energy Resources (RAME) and I was curious as to why you would recommend them with $351 million in debt? I can see how their growth would be enormous with the expansion of their West Virginia and Barnett Shale rigs and their 188% growth in 1Q sales. However, their financials seem like they have too much debt. Am I missing something?” Cramer said he RAM is drilling like crazy and its fine if they take on debt to expand operations.
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