Starwood Property: “I feel the same way. It’s down 44%, the yield is 13%, but this guy [CEO Barry] Sternlicht has always impressed me as a straight shooter. We need him on. … I’m getting to the bottom of this.”
Oxford Industries: “If you like apparel, you’ve got to buy PVH, [CEO] Manny Chirico. I don’t really care for apparel right now. Too much inventory.”
Amgen: “I like Amgen.”
General Electric: “I think Mr. Culp is doing a fantastic job against tremendous circumstances, but I would — I think you’ll do OK, but I don’t really call that … the word diversification does not come to mind with that strategy.”
SpartanNash: “First time that’s been asked about. I like it a lot more than Aeromark, sorry Philadelphia’s own, and I think that if it hasn’t come down with — something must be going on there because almost everybody else in that business is getting crushed. I think he’s got a good one.”
Ingevity: “I think it may be time to do a little” selling because it’s a “pastiche, if not mosaic of industrial companies, of which I want you to sell half tomorrow morning and let the rest run.”
Disclosure: Cramer’s charitable trust owns shares of Bristol-Myers.