Cramer Likes Roto-Rooter & Hospices

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By Douglas A. McIntyre Published
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Chemed (CHE) is a stock that Cramer actually likes among the rubble.  CHE is divided into two segments that aren’t related: one is Roto-Rooter drain cleaner and one is Vitas that runs hospices.  Neither operation is related but they both make lots of money.  It has exited the Medicare related hospices to avoid caps, and its earnings power is there.  They beat earnings expectations and they raised guidance.  Cramer said the company didn’t even envision being this popular.  It jumped $7.00 on the news and the market sell-off took off about $2.00. He thinks this one can run and he thinks it will get its momentum back.

On a call-in Cramer did say that Service Corp (SCI) in the funeral area is a winner and it is close to a yearly high.  Cramer Also thinks that UnitedHealth (UNH) is one that he feels better about than he has ever felt on it.

Jon C. Ogg
March 8, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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