This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Cramer's 'Mad Money' Recap: The Looming Cliff

Chirico attributed PVH's strong quarterly results to both the Warnaco acquisition as well as improvements in gross margins and tax rates. He said many of PVH's brands, including Heritage, IZOD and Tommy Hilfiger, are performing well, as is Calvin Klein. Chirico even called out the new store designs at JC Penney (JCP) as an area of strength.

Chirico noted that PVH was affected by Hurricane Sandy in the Northeast, that area of the country representing about 35% to 40% of sales this time of year. But even with store closures, Chirico said PVH was able to compensate in other areas.

When asked about the Warnaco acquisition, Chirico once again reiterated the deal will be accretive to PVH's earnings in year one but will really start to deliver for the company in years two and three. He said now is a great time to invest and acquisitions like Warnaco allow PVH to grow its brands into global powerhouses.

When asked about international growth, Chirico was bullish in his outlook for Asia and Latin America as well as in South America. He said that when you have great brands, they drive consumers into your stores no matter what the economy is doing, and that is certainly the case for many of PVH's world-renowned brands.

Cramer remains bullish on PVH.

Food for Thought

In his second "Executive Decision" segment, Cramer checked in with Gary Rodkin, CEO of ConAgra Foods (CAG), which on Tuesday announced the $6.8 billion acquisition of private-label food maker Ralcorp (RAH).

Rodkin explained that one key aspect of ConAgra's growth strategy is private-label foods, and with the Ralcorp acquisition his company is now the largest player in that space. He said ConAgra already sells almost $1 billion worth of private-label products annually, so they are coming to the private label business with considerable experience.

The goal is not to compete with ourselves, said Rodkin. One of the things Ralcorp does for ConAgra is give it more access into channels such as Costco (COST) and Target (TGT) as well as with specialty supermarkets like the privately held Trader Joe's. Many private-label goods are in different segments and channels, he said, which means more sales for both categories.

2 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs