Cramer: I Luv I JAH?
Jarden has brands like Sybil had personalities. Talk about all over the place. Brewing some morning java? You probably use a Mr. Coffee. Need a new baseball mitt? Guess who makes Rawlings, the number-one glove in the US. Poker night with the guys? Check your cards – they’re most likely either Bee or Bicycle.
But, hey, it’s working. The company beat the Street’s earnings estimates by 12 cents a share this season. Cash flow was up big, margins trended higher and inventories were at historic lows. These aren’t the only reasons for Jarden shareholders to be happy, though. The stock’s also returned 138% year-to-date.
That, of course, begs the question: Will the run continue? Management sure thinks so, predicting organic growth in 2010. But Cramer wanted specifics, which is why he invited Chairman and CEO Martin Franklin to make an in-studio appearance. Watch the video for the full interview.
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