This company makes small, un-manned aerial vehicles, or UAVs...

We first talked about it on January 19th of 2007...
[see complete description and recommendation from that show here... ] before its IPO, where it closed at $23.93, and then we reiterated our support for this stock on March 8th of 2007, because it dropped down... to $21.43.

Even with the big pullback, the stock is up around 40% from our reiteration...

You know most stocks cannot do well in this environment. I think this could keep going higher, especially if Obama wins... Why? Because, while Obama might not support all defense spending, he supports unmanned aerial vehicles. Don't take my word for it. I want you to check out his website, where he calls for greater investment in advanced technology, like unmanned aerial vehicles...

I don't think Obama is as bearish for defense as he may seem, but even if he is, AVAV is the defense stock that works with a President Obama...

Now, it's a little $580 million company. It's got a clean balance sheet, with no debt. And, unlike a lot of the defense contractors, we're not worried about the pension plan... $112 million in cash... but I want to know how AVAV stays competitive, and what the future looks like for the company...

So I'm bringing on Tim Conver. He's AeroVironment, Inc. (AVAV)'s CEO. Mr. Conver, welcome to Mad Money...

Jim's comments AFTER the interview:     Okay guys, listen... this is really important... I cannot stress this enough... I only have a handful of stocks, now that oil's come down... I have a handful of stocks that I am confident can rally... if Obama's elected. I think you should buy this one. I think it jumps very quickly after an Obama election. This is it though guys... there are just not a lot of plays on an Obama presidency, but this particular stock makes all the sense in the world.