On today’s STOP TRADING segment on CNBC, Jim Cramer started on the snack topic.Cramer said he is still anti-Pepsi (PEP) because of the snackfood business. Cramer said that Pepsi did address his comments, but the fat wars will clip their wings. Cramer said it is too little too late. He thinsk Pepsi (PEP) could fall to $55 (from $61.80 now). He said they aren’t sitting still, but their 20-times earnings multiple could get cut down to 18-times earnings. Cramer said that from the May ramp you still don’t want to go back into it.NYMEX is going to price tonight. He said again that he would still pay up $20 for the stock after the IPO price.Jon C. OggNovember 16, 2006
Cramer Thumbs Down on Pepsi (PEP); Positive on NYMEX IPO Again
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Douglas A. McIntyre
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About the Author
Douglas A. McIntyre →
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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