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Cramer: Bush is Hurting the Market Multiple; Also Comments on Gap & Home Depot
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Today Cramer was dissecting some deal making on his Wall Street Confidential on TheStreet.com. Cramer said today’s strength in slow sectors is from M&A. Online Education and Paper sectors have been dead, Bristol-Myers (BMY) rumors and Bank mergers…all these are igniting dead sectors.
On big companies that could be attractive as private companies: Cramer again said Gap (GPS-NYSE) is a legitimate LBO candidate that has to bury bad results for 3 quarters; for the company to write down leases it would wreck public company financials, but as a private company they could easily absorb that over a two to three year period. Home Depot (HD-NYSE) would also work there according to Cramer.
He also thinks the public isn’t into the market this year and a lot of people are fed up with our country and investing elsewhere; he said Europe is a safe place to invest and he even said Bush is "really" hurting the market multiple right now. Watch his video, he said it so don’t shoot the messenger.
Jon C. Ogg
January 29, 2007
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