GO
Loading...

Cramer: This Company a Remarkable Comeback Story!

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

Symbol
Price
 
Change
%Change
SNZ
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.