Cramer on CNBC’s MAD MONEY also had another two CEO’s that you can count as one who deserves the benefit of the doubt on:
Cramer thinks that a retailer CEO that can be given the benefit of the doubt even after bad numbers is Mike Ullman of JC Penney Corp (JCP). The CEO wasn’t happy with the quarter and he was upset about the inventory, expenses, and product mix. But the CEO said he was upset and said he would get it back on track in the next quarter. The stock fell after the report to $77.00, but Cramer said the March numbers are coming in great. Cramer thinks you can back him.
The second name on the list is one that Cramer didn’t believe before, and the CEO made Cramer look bad because Cramer didn’t believe him. Terry Lungren of Federated (FD) came on MAD MONEY after a big miss and said that that wouldn’t happen again. As it turned out, after hitting $36 and after Cramer turned his back on it, and it closed today at $46.23.
Jon C. Ogg
March 27, 2007
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
