Cramer Bullish On EPIQ Systems (EPIQ)

January 11, 2008 10:30 AM UTC
Last night on Mad Money, Jim Cramer talked about Epiq Systems (Nasdaq: EPIQ). Jimmy said Epiq Systems is the ultimate hedge against the fed not cutting rates and the US going into a recession.

Epiq makes money from people filing for bankruptcy and foreclosures. Epiq sales are growing by 38%, but Cramer said it trades less than twice its growth rate. Therefore, making Epiq an undervalued stock.

Cramer said EPIQ is the best play if a recession does come. This is definitely one to keep a close eye on, I know I will.

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