GO
Loading...

Enter multiple symbols separated by commas

Cramer: This Company a Remarkable Comeback Story!

jim-cramer-fb2-200.jpg

Back in 2009 this stock was trading for under a dollar. Now it's 14 and change.

The company Cramer is talking about is Sunrise Senior Living, which, on August 22nd accepted an offer of $14.50/share from Health Care REIT.

The deal is expected to close in 2013.

Cramer said events were noteworthy because back in 2006 and 2007 shares plunged as a Securities and Exchange Commission probe resulted in restatements that reduced earnings.

Nonetheless, when CEO Mark Ordan took over in March of 2008 he promised to turn the company around – and turn it around he did.

“A little more than a year ago, he came on this show, with the stock trading at $6.84, and told me—and hopefully you, too—that a turn was at hand,” said Cramer

“Sure enough, Ordan delivered. Back on August 22nd we found out that Sunrise Senior Living had caught a $14.50 takeover bid from Healthcare REIT, another excellent company—that’s a 62% premium to where the stock was trading the day before.”

“Even better, if you listened to Ordan when he came on the show, you now have a 110% gain—more than a double,” Cramer said.

Cramer went on to say that it’s easy to get jaded by the stock market, so when a CEO delivers for you, when he gives you a big gain, Cramer thinks it warrants attention- if only to remind you that these wins are possible.


Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Cramer's New Book