Jarden (JAH) Offers Variety of Products and Good Earnings Potential -Cramer
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Cramer believes that Jarden Corp. (NYSE: JAH) will bounce up as the product mix is right and folks might be sprucing up their homes, and kitchens in particular, instead of going out to spend money.
Jarden's CEO Martin Franklin spoke with Cramer, and said that retailers wouldl ike to focus on a fewer amount of companies that provide more, rather than more that provide less. Mr. Martin was also conservative on his view, noting that Jarden has beat estimates for the past several quarters, and sees a good 2010. He also noted that more families are taking "stay-cations," and their products provide a better value for home entertainment (i.e. - having guests over, enjoying a home-made gourmet breakfast, etc.)
Cramer noted that Jarden products occupied up to 2/3 of shelf space at researched Target (NYSE: TGT) stores. Target is America's number two retailer behind juggernaut Wal-Mart (NYSE: WMT).
Jarden's brands include Coleman Outdoor Gear, Marmot, Oster, Sunbeam, Pine Mountain, Mr. Coffee.
Jarden's CEO Martin Franklin spoke with Cramer, and said that retailers wouldl ike to focus on a fewer amount of companies that provide more, rather than more that provide less. Mr. Martin was also conservative on his view, noting that Jarden has beat estimates for the past several quarters, and sees a good 2010. He also noted that more families are taking "stay-cations," and their products provide a better value for home entertainment (i.e. - having guests over, enjoying a home-made gourmet breakfast, etc.)
Cramer noted that Jarden products occupied up to 2/3 of shelf space at researched Target (NYSE: TGT) stores. Target is America's number two retailer behind juggernaut Wal-Mart (NYSE: WMT).
Jarden's brands include Coleman Outdoor Gear, Marmot, Oster, Sunbeam, Pine Mountain, Mr. Coffee.
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