I-Flow Corp., maker of products to administer medicine intravenously, was recommended by Jim Cramer said on his ``Mad Money'' television program on CNBC because he said the stock price doesn't reflect the company's value.
Cramer, a market commentator and former hedge-fund manager, said the stock dropped to about $13 from $16 two weeks ago after the company said fourth-quarter revenue was $26.9 million, less than the $28 million estimated on average by five analysts in a survey by Thomson Financial.
``This is a missed-quarter story; I call that a little disappointing, but at $13 it's a steal,'' he said. The medical device has ``a great product'' that's liked by ``everyone at all levels in health care -- the patients, the doctors, the hospitals.''
I-Flow's main product is a pump that automatically and continuously delivers local anesthesia to patients at home or at outpatient clinics and hospitals, for up to five days. The shares of I-Flow rose $1.39, or 10 percent, to $14.89 in after-hours Nasdaq Stock Market trading, after closing at $13.50.
Cramer also recommended Steve Madden Ltd., which designs footwear and sells its products in more than 2,000 stores, after the company yesterday reported improvement in its margins across all brands.
``Madden is expanding its brand, which is the best way to grow,'' Cramer said. ``The products look high-end; they are trendy but affordable.''
Cramer also recommended companies that make communications gear, such as fiber-optic products and computer chips, including Bookham Inc., Broadcom Corp. (BRCM:US), Marvell Technology Group Ltd. (MRVL:US), JDS Uniphase Corp. (JDSU:US) and MRV Communications Inc. (MRVC:US)
Crocs Inc. (CROX:US), the maker of a colorful line of casual-wear clogs, and Starbucks Corp. (SBUX:US), the largest U.S. coffee-shop chain, plus Archer Daniels Midland Co. and Pacific Ethanol Inc. (PEIX:US) were also recommended. Cramer forecast that Starbucks will reach $37 a share. He also recommended Vernado Realty Trust, Schlumberger Ltd. (SLB:US) and PW Eagle Inc.
He told viewers to avoid Skechers USA Inc. and Silicon Motion Technology Corp. (SIMO:US)
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