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Cramer’s Private Equity Trifecta Strategy

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By Douglas A. McIntyre Published
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Cramer said that private equity has a ton of money tied up, with Goldman Sachs alone raising $19 Billion.  Cramer said they can borrow up to 10-times and they are willing to pay big premiums.  He thinks Lamson & Sessions (LMS-NYSE) is the one they should pay $35 to $40 to acquire it.  His private equity master plan works, but he says he still only wants to look at companies if they make sense.  If it was valued like PW Eagle that just got a bid it would be valued at $35 to $38 today.  He said it didn’t even move when LMS hired a banker.  LMS only has a $445 million market cap and Cramer thinks this should be rolled with American Standard (ASD-NYSE) now that they are selling the plumbing business; and then he’d buy the Home Depot building and supply business.  Cramer thinks this would be a big powerhouse company that would be a vertical integrated company that could easily be public again in 3-years.

Jon C. Ogg
February 13, 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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