Stock Tickers: SHLD, RSH
Cramer also noted on MAD MONEY that he has two more retailers that he thinks their CEO’s deserve the benefit of the doubt, the end of this week’s series. He noted JC Penney as one that just upped their dividend and their share buybacks, and Cramer said he thanked the CEO. He thinks that some CEO’s don’t get respect from Wall Street if they won’t grow territory and grow store count.
Tonight Cramer said that he is featuring Eddie Lampert and Julian Day.Lampert is for Sears (SHLD-NASDAQ) and Julian Day is for RadioShack(RSH-NYSE). He has been positive on both of these names. RadioShackis a fairly new one for Cramer, but he has been sticking behind Searsand Lampert since the dawn of Lampert running the stock up. RadioShackis actually gtenerating cash while it is still trying to turn itaround. Cramer said that Julian Day is getting no respect from thestreet. On Eddie Lampert, he is fixing Sears brick by brick even ifthe analysts keep panning him. Cramer thinks that Sears Canada will beresolved soon and he thinks the value of his land holdings has goneup. He is still a buyer of SHLD and still a buyer of RSH.
Jon C. Ogg
March 30, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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