Banking, finance, and taxes
Cramer's Private Equity Targets (April 26, 2007)
Published:
Jim Cramer was giving another private equity target on tonight’s MAD MONEY on CNBC, but it turned out to be two picks rather than one. He reminded not to speculate on ones where the fundamentals are bad nor ones you wouldn’t want to own on their own. Tonight Cramer’s two picks are in retail: Ross Stores (ROST) and TJX Companies (TJX).
Ross Stores (ROST) is one he thinks has a great balance sheet that can be bought on all borrowed money and their fundamentals are good. Operating margins are down 250 basis points because of execution and systems, but they are starting to get better. They can fire workers and close the bad stores down to make this do well.
On TJX (TJX) he notes that they are the best place to buy solid brands on clearance. They also have some other brands that generate cash. These are both his key picks in retail, and he’s been positive on these before.
Jon C. Ogg
April 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
