Jim Cramer Weighs In On Himax Technologies And Ferrari

Jim Cramer said on CNBC's "Mad Money" that Himax Technologies, Inc. (ADR) HIMX sells at incredibly high price-to-earnings ratio in a market that doesn't tolerate that. It's a very highly valued stock and if it misses the numbers, it's going to get crushed.

Cramer recommended Ferrari N.V. RACE as a buy when it was trading at $60. He thinks it's a great company and it's in a great situation.