On CNBC’s MAD MONEY on the road at UT in Austin, Cramer also came on with a DEFENSIVE PLAY from Texas and he brought on the CEO of HJ Heinz (HNZ-NYSE). Cramer thinks is the best defensive stock out there. The CEO said they won’t be replaced by China and they are on Chinese tables. As far as shareholder activists, the CEO said they have worked with the activists; CEO’s have shareholder bosses and they can use the activist shareholder as a good fit. HNZ launched 100 products this year and wants to launch 200 next year.
Jon C. Ogg
March 20, 2007
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