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Media

Cramer Names VF Corp to a Trusted CEO List

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By Douglas A. McIntyre Published
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Cramer said that he is also a cynical and skeptical man, but sometimes you need to trust people to make you many.  Some CEO’s can make you more money if you take what they say at face value even if you bet against them.  Some CEO’s deserve the benefit of the doubt. Over the next 5-days Cramer is doing the "benefit of the doubt CEO list" where you have to take the companies can still be bought based on the CEO trust even if they had bad news.  If you did this with Coach last year like Cramer has noted so much you would have doubled your money.

His NEW "benefit of the doubt" list, Cramer is picking VF Corp.’s (VFC) Mackey McDonald.  If they have bad news you can buy the stock.  He sold his lower margin business and they were puzzled as to why the stock fell when that happened.  Now it is up $8 from the drop then and the stock is higher than before the sale of the unit.

Jon C. Ogg
March 26, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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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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