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Oct.04

11:03 AM ET

Thursday, 4 Oct 2007

Mad Mail: 'Stay Away From Walgreen!'

Posted By:Carlo Dellaverson

Topics:Stock Market | Stock Picks | Mad Mail

Companies:Walgreen Co | Phillips Van Heusen Corp | Perry Ellis Intl Inc | CVS Corp

Dear Jim: All people may not like your picks – especially when it goes against their positions, but as the owner of a consumer-advocate website, I just have to applaud your honesty. It is very tempting to recommend a stock just because a CEO shakes your hand and asks for your help, but as you demonstrated many times and most recently on your call with the CEO of Perry Ellis [PERY Loading... () ], you provided your viewers with your honest opinion of the company without worry that you might upset the CEO. Thanks for keeping it real. --Mark

Cramer says: “I wanted to praise that guy. I think he sounded like a great guy … but Phillips-Van Heusen [PVH Loading... ()

] I like more. I wanted to give him his chance, and I’m glad we had him on.”

_________________

Dear Jim: I enjoyed your diatribe (an S.A.T. word?) against Walgreen [WAG Loading... () ] last night, and I'm wondering if they may now pursue a course similar to CVS [CVS Loading... () ] and acquire a pharmacy benefits manager. If so, which one might it be? --Ranlando

Cramer says: “Walgreen is still too expensive. CVS is still cheaper than Walgreen. I don’t care what Walgreen does … you stay away from Walgreen!”

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Jim's charitable trust owns CVS.

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