Cramer commended Hill for all he's done at Commerce Bank and now Metro Bank and recommended his book as a must-read.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer said that while investors are going gaga over possible turnarounds at
Research In Motion
, they forget about another important turnaround player,
Cramer reminded viewers that back in the day, Lucent was the hottest thing in technology and included the old Bell Labs, the brains behind all that was
. The company had thousands of patents and traded upwards of $80 a share.
But then, in the blink of an eye, technology and innovation passed Alcatel-Lucent by. The company's technology was no longer state of the art and its patents were nearly worthless. The company fell into a death spiral ala
and now pins its hopes on yet another lifeline loan. Its shares trade around $1 a share.
Cramer said there's only been one successful technology turnaround in recent years, and that was Sprint Nextel. Nokia, HP and RIMM, said Cramer, will not be the next Sprint.
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-- Written by Scott Rutt in Washington, D.C.
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