Jim Cramer - Mad Money Doximity DOX-N BUY Jul 21, 2021

Doximity is a new SPAC, a cloud-based social network for MDs offering cloud-based tools that let doctors perform everyday tasks. It's also the ideal platform for advertisers to pitch drugs to doctors. Share have been wild over the past four weeks, but is up 12% this week so far. Buy on pullback. Likes it for being the dominant platform for doctors, connecting over 80% of the nation's docs. It boasts high revenue growth at 78%, and profitability over years as margins expand going forward. They launched a telemedicine growth during last year's lockdown, so that will likely tail off. Net revenue retention rate was up 153% last year. Fabulous fundamentals. But overall, he fears the SPAC scene will collapse from too many of them and of low quality, and that could drag DOX down. Also, DOX's valuation is higher than peers, but that's compensated by a stronger growth profile. When they IPO'd, they offered only 13% of shares to the public, so beware of the end of the lock-up period--buy then. If now, buy a small position.