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.
Cramer Talks Alcoa (AA)
Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.
A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
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