In Confessions of a Street Addict, Cramer lays out in horrid detail the ringer that Cendant put him through when he was running his hedge fund. The criminally mismanaged company ended up costing him more money in a day than any other stock in his trading history.
Cendant did it to him again when Cramer said that investors could make good money if the company broke itself up. Well, it did break up, and then the stock dropped, leaving our sad clown looking pretty stupid – until now.
Finally, Cendant split up on July 31, 2006, and the pieces, when added together, have since increased in value by over 32%. The Cendant name had to be eliminated before any of its components could start making money. But there is one laggard that Cramer thinks could be a great investment: Wyndham Worldwide.