Cramer's 'Mad Money' Recap for July 23 - TheStreet.com: "People better start caring about General Electric (GE - Cramer's Take - Stockpickr), Jim Cramer told viewers of his 'Mad Money' TV show Wednesday.
He argued that while the company's share fells along with the financial sector, it has not rebounded in recent days, leaving it a prime buying opportunity.
Cramer cited an article is this weekend's BusinessWeek, which called into focus GE's exposure to the financial sector.
Cramer, though, said GE is not just a financial. Unlike the financials, GE, with many other businesses, actually made money this quarter, beating Wall Street's expectations, he said.
Furthermore, Cramer noted that the company has plans to sell of its under-performing consumer and industrial segment. The remaining segments, such as its infrastructure division, should all perform well in the coming year."
Saturday, July 26, 2008
Cramer's 'Mad Money' Recap for July 23 - TheStreet.com
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2 comments:
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