Cramer’s Sell Block - Buy Martha Stewart Living Omnimedia
On Thursday’s “Sell Block” segment, Cramer changed his tune on Martha Stewart Living Omnimedia (MSO). He said he is no longer negative on the name and thinks investors should buy the stock. Cramer thinks the stock is strong turnaround play candidate and new CEO Charles Koppelman can transform the company into a merchandising powerhouse. He pointed out that MSO has inked some new merchandising deals with Wal-Mart (WMT), Costco (COST) and a new partnership with KB Home (KBH). Cramer also likes the company’s aggressive expansion abroad. He said wait for the company to report earnings next week and look to buy the stock under $8 a share. The “Clean Tech” sector is poised to be the biggest gainer in 2008. See what our analysts rank as the #1 opportunity today
July 30th, 2008 at 7:00 pm
Wow, so now Martha Stewart has started selling her things at Walmart? To be honest, Martha Stewart is too big a name to stick with a company that is falling apart (=K Mart). The move to Walmart is a good move for her enterprise, but it will also be great for consumers who mostly shop at Walmart anyway. I’m no fan of Walmart, most of their items are low quality items, but let’s face it, this is a real and practical move on her part.