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.
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