Cramer Talks Real Estate Buys and Banks

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By Douglas A. McIntyre Published
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On today’s STOP TRADING segment on CNBC, Jim Cramer was outsaying Ken Heebner was right on real estate. He talked about SL Green (SLG) and CB Richard Ellis (CBG) after KenHeebner was talking them up. Cramer alsosaid Wells Fargo (WFC) was a great call because they are expanding in sub-primemortgages and doing well where others can’t. Cramer also said that Commerce Bancorp (CBH) is down on the targetedinvestigation, but this is the best run bank there (even though he said youhave to believe all is great for it to go up rapidly now). Indymac (NDE) was also noted as ugly toCramer, and Cramer said that if the CEO is saying his segment stinks then heisn’t going to try to out-guess the CEO. Cramer told Bank of America (BAC) point blank to stay out of theacquisitions game from here on because the stock is finally looking ok. 

As a reminder from earlier he did telegraph that he wasgoing to discuss Yum! Brands (YUM) on tonight’s MAD MONEY segment after

6:00 PM

on CNBC.

Jon C. Ogg

January 16, 2007

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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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