Cramer Calls MNTN 'Awful'—But Says To 'Pull The Trigger' On This 'Great Spec'
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On CNBC's "Mad Money Lightning Round," Jim Cramer described Babcock & Wilcox (NYSE:BW) as a "great spec" for power plant construction, advising to wait for a price drop before investing. The company reported better-than-expected Q3 EPS results, with a loss of 6 cents per share, beating estimates. In contrast, MNTN, Inc. (NYSE:MNTN) was labeled "awful" by Cramer, who emphasized the need for profitability. MNTN's price target was lowered by Morgan Stanley, and its shares fell 2% to $11.70. Babcock & Wilcox shares dropped 3.2% to $8.22, reflecting market volatility.
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