Jim Cramer wants companies to start taking action. The secret to unlocking major value lies in the actions that are taken right now. Don't just stand there, do something!
"Almost every single company with a stock that jumped today played a major role in that jump, and very few of those rallies were earnings based," the "Mad Money" host said.
All of the companies that managed to rally were those that were run by management that wasn't afraid to make bold moves and control its own destiny. These managements weren't crying over weak retail sales numbers or worried about the direction of the German 10-year treasury or Fed rates.
Because they understood that with taking action, they could create instant wealth for shareholders—exactly what shareholders pay them to do.
One example included Pall Corp, the company that makes filters for industries such as aerospace and biotech. Danaher acquired it on Wednesday for $127.20 a share, which was astounding, considering that Pall was at $99 on Monday.
The most brilliant move was when, on top of the acquisition, Danaher decided to split itself into two entities. The first is an industrial company with a specialty in test and measurement, and a science and technology with Pall under its umbrella. Cramer thought this was genius, as it didn't make sense to have all of these businesses under one roof.