Cramer Talks Hotels & Financials (APR 2, 2007)

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By Douglas A. McIntyre Published
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On today’s STOP TRADING segment on CNBC, Jim Cramer talked about Starwood Hotels & Resorts (HOT-NYSE) with the stock up 4% after the CEO "Stepped down" after losing the confidence of the board of directors.  He got thrown out after doing a turnaround here and as Coca-Cola (KO-NYSE) and he must be personally hard to take because he has actually done a good job.

The regional banks are overvalued and they would sell lower if they didn’t have the dividends.  Cramer still likes Citigroup (C-NYSE) because Chuck Prince will add severe value just when he leaves.  Cramer thinks Bank of America (BAC-NYSE) is cheaper than the regionals and the regionals may have more risks than the megabanks.  Cramer pointed to Countrywide (CFC) being down today after the CEO was on CNBC this morning.

About Goldman Sachs removing Morgan Stanley (MS-NYSE) from its conviction buy list and adding Merrill Lynch (MER-NYSE): Cramer said Merrill Lynch is the one most leveraged to subprime and Cramer thinks  these companies must be starting to profit from subprime cleanups now instead of having risk.

Jon C. Ogg
April 2, 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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