Executive Decision: Federal Realty Trust CEO Don Wood
Back on May 7, Federal Realty Investment Trust CEO and President Don Wood appeared on Mad Money, saying that the worst of the property-market crisis was over. Cramer followed the statement with praise for the business, citing abundant capital reserves, and an endorsement of the stock.
Well, FRT , which specializes in retail properties, has fallen about 5.6% since then. But that doesn’t mean investors should dump and run. In fact, Cramer says they should do anything but. He still thinks Wood “knows this game as well or better than anyone else out there,” and he trusts the CEO’s ability to regain those losses.
Cramer invited Wood back to the show for an update and to double check his theory that FRT is still worth buying. Watch the video for the full interview.
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