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Media

Cramer: Bush is Hurting the Market Multiple; Also Comments on Gap & Home Depot

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By Douglas A. McIntyre Published
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Today Cramer was dissecting some deal making on his Wall Street Confidential on TheStreet.com.  Cramer said today’s strength in slow sectors is from M&A.  Online Education and Paper sectors have been dead, Bristol-Myers (BMY) rumors and Bank mergers…all these are igniting dead sectors. 

On big companies that could be attractive as private companies: Cramer again said Gap (GPS-NYSE) is a legitimate LBO candidate that has to bury bad results for 3 quarters; for the company to write down leases it would wreck public company financials, but as a private company they could easily absorb that over a two to three year period.  Home Depot (HD-NYSE) would also work there according to Cramer.

He also thinks the public isn’t into the market this year and a lot of people are fed up with our country and investing elsewhere; he said Europe is a safe place to invest and he even said Bush is "really" hurting the market multiple right now.  Watch his video, he said it so don’t shoot the messenger.

Jon C. Ogg
January 29, 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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