Cramer said that he is also a cynical and skeptical man, but sometimes you need to trust people to make you many. Some CEO’s can make you more money if you take what they say at face value even if you bet against them. Some CEO’s deserve the benefit of the doubt. Over the next 5-days Cramer is doing the "benefit of the doubt CEO list" where you have to take the companies can still be bought based on the CEO trust even if they had bad news. If you did this with Coach last year like Cramer has noted so much you would have doubled your money.
His NEW "benefit of the doubt" list, Cramer is picking VF Corp.’s (VFC) Mackey McDonald. If they have bad news you can buy the stock. He sold his lower margin business and they were puzzled as to why the stock fell when that happened. Now it is up $8 from the drop then and the stock is higher than before the sale of the unit.
Jon C. Ogg
March 26, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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