Mad Money with Jim Cramer

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Best Managed American Companies

One of the biggest myths today is that the U.S. doesn’t make things anymore, Jim Cramer said on CNBC’s “Mad Money.” There are a lot of great American companies that have been around for a long time, he said. These U.S.-based businesses do a great job of finding ways to make money in any situation, including Europe’s ongoing debt crisis and an economic slowdown in Asia.

“The fact is, many of our older, more experienced executives who work at fabulous American companies not only used the recession to take share and obliterate their weaker competitors,” Cramer said, “but they've also taken advantage of the Federal Reserve's policy of low rates to strengthen their own balance sheets and pay down high cost debt.”

Of all American companies, Apple typically gets the most attention on Wall Street and for good reason. On Tuesday, the Cupertino, Calif.-based technology company said its earnings nearly doubled on a jump in iPhone sales, surging past expectations. Its revenues also easily topped estimates. While Apple’s growth is certainly worth celebrating, Cramer said a lot of older American companies are being overlooked. He thinks these long-standing U.S. companies are worth considering, though, because they are resilient and often pay a dividend. Rather than buy another stock that may be overvalued, investors can get paid to own shares of these American-run businesses.

“Sometimes, through the political nonsense, through the chatter about governmental help, and Federal Reserve this and tax that, it pays to remember that old companies, unlike old dogs, can learn new tricks,” Cramer said.

Read on to see who made Cramer’s list of best run U.S. companies.

By Drew Sandholm with Reuters
Published 26 April 2012

When this slideshow was published, Cramer’s charitable trust owned Apple, DuPont, General Electric, and International Business Machines. GE owns a minority stake in NBCUniversal, the parent company of CNBC.

Photo: CNBC.com