Cramer's 'Mad Money' Recap: Banks, Other Laggards Are Leaders (Final)
Finally, when asked about the company's plans for its cash flow, Hamada said that Avnet's strategy remains to focus on organic growth first, increased liquidity second and finally to return money to its shareholders, something that was music to Cramer's ears.
Cramer says the technology sector continues to roar higher and he remains a believer in Avnet.
In a second "Executive Decision" segment, Cramer welcomed back Jack Hartung, CFO of Chipotle Mexican Grill (CMG) , the restaurant chain that just delivered a 4-cent-a-share earnings beat on higher-than-expected revenue and a 12% increase in same-store sales.
Hartung started off by explaining that of the 12% increase Chipotle saw in same-store sales, only about 4% came from price increases, with the rest stemming from loyal customers coming back more often and telling their friends. He said that Chipotle has many loyal fans that are helping promote the brand via social media, leaving the company to focus mainly on educating them about Chipotle's food with integrity and its "people" culture.
Hartung touted Chipotle's people culture as one of its many strengths, adding that 98% of the company's managers come from crew members. The entire company is built on hiring and developing future leaders, said Hartung.
Turning to Chipotle's second restaurant concept, Shophouse Asian Kitchen, Hartung cautioned against expecting a rapid expansion of the chain. Instead, he said that the company is focused on introducing the brand to customers and developing its team members. Shophouse is preparing to open a second location in Washington, DC, added Hartung, but beyond that, growth will take time.
Hartung had similar sentiments for investors and analysts, saying that instead of focusing on short-term issues like the pace of growth or the food prices of the day, focus on Chipotle's bright future and its culture of delivering great food and a great experience to its customers.
Cramer agreed, saying that the future does indeed look bright for Chipotle and investors should stop worrying about short-term issues.
In a third "Executive Decision" segment, Cramer sat down with Maurice Taylor, chairman and CEO of Titan International (TWI) , a manufacturer of wheels and tires for big machinery. Titan just delivered a 52-cent-a-share earnings beat with a strong outlook.