On today’s Wall Street Confidential video on TheStreet.com Jim Cramer noted Alcoa (AA). Cramer said this was an undermanaged company and this might not be able to be resisted; it’s a country club that needs to change. Cramer thinks Rio Tinto (RTP) is the more likely buyer. On 3M (MMM) Cramer doesn’t like the buyback; the quarter was really bad and they are selling the good properties to maintain its bad ones. The buyback isn’t a good one because the business isnt well run; he’d take the profit on the pop. On General Motors (GM) Cramer said it has decided to be a small company and GM might want to consider Chrysler if DaimlerChrysler (DCX) spins it out because it could be am interesting buy for GM. GM can make more money as a smaller auto maker than as the largest, so that contradicts the ‘smaller company’ depending on how you take it.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
