Cramer Thinks Triple-S Management GTS) Is A Buy

Jim Cramer told viewers on Mad Money investing in a non-profit health care company that turns into a for-profit company is a pretty good thing.

Cramer noted one group of stocks that fits this bill: non-profit Blue Cross-Blue Shield affiliates that turn into publicly held, for-profit companies.

Cramer ran the numbers and said during the first four years that these companies are public, Cramer said on average these stocks were up 28% a year.

Last week, Triple-S Management (NYSE: GTS) went public, and Cramer said Triple-S Management should make people Mad Money.

Cramer said people are lucky that they can still get Triple-S Management at $15.87, just slightly above the IPO price.

He explained that non-profit companies start out non-profitable or very slim margins on their contracts. But when these health care companies go public, they raise prices on those contracts.

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