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Media

Cramer Critiques Poor Management

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By Douglas A. McIntyre Updated Published
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Stock Tickers: UPS, MMM, MRK, MOT; ITW, BDK

This morning on TheStreet.com’s Wall Street Confidential, Cramer said it’s 2-days of Fed blabber and the media has to cover it but it’s unimportant.  Illinois Tool (ITW) and Black & Decker (BDK) are the ones going up and if you focus on the fed you won’t see these.  If you look at the Fed meetings 6-months out then you have easy comparables ahead, and stocks try to discount 6-months out.  He hits some management teams he doesn’t like: Merck (MRK) has poor management and bad pipeline; UPS (UPS) he’s trying to get a feel for; 3M (MMM) management doesn’t have a clue and the company isn’t in control of its management like it used to; and on Motorola (MOT), Icahn is now different because he comes in with critique and suggestions that are well founded.  Cramer noted Ed Zander isn’t what the street thought he was.

Cramer does think we’ll still get rate cuts but he is no longer relaying on the Fed to make huge returns to us.

All comments are not verbatim and are meant as contextual and some summary notes as we do not cover all aspects or every single aspect of Cramer’s calls.

Jon C. Ogg
January 30, 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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