ClubCorp CEO Eric Affeldt appeared on CNBC's 'Mad Money' Executive Decision segment on Monday.
Host Jim Cramer brought Affeldt onto the segment to illustrate a trend of increased discretionary spending by the wealthy. It is a trend, Cramer said, that he and his viewers need to profit from.
Cramer introduced Affeldt by citing Club Corp's recent first quarter earnings report. The Dallas-based company reported a 2015 first quarter revenue increase of $36.3 million to $202.1 million when compared to the first quarter of 2014.
"I wouldn't be surprised if it (the stock) had more room to run," Cramer said.
During the eight-minute segment, Affeldt discussed the transition process after the company acquires a new club, the golf business, membership revenue and structure, and membership offerings on food service.
"We're in the process of re-inventing the club industry," Affeldt told Cramer.
Watch the entire segment below: