Club Industry is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

ClubCorp CEO Eric Affeldt talks with CNBC39s 39Mad Money39 host Jim Cramer during the Executive Decision segment Monday Photo CNBC Screen Shot
<p>ClubCorp CEO Eric Affeldt talks with CNBC&#39;s &#39;Mad Money&#39; host Jim Cramer during the Executive Decision segment Monday. (Photo: CNBC Screen Shot.)</p>

Watch ClubCorp CEO Eric Affeldt's Interview with Jim Cramer on CNBC's 'Mad Money'

Host Jim Cramer interviewed&nbsp;Eric&nbsp;Affeldt&nbsp;during his Executive Decision segment to illustrate a trend of increased discretionary spending by the wealthy.

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:

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish