In the Lightning Round, Cramer was bullish on
Tiffany & Co
Cramer was bearish on
United States Natural Gas
American Capital Agency
Executive Decision: Monty Bennett
In the "Executive Decision" segment, Cramer spoke with Monty Bennett, chairman and CEO of
Ashford Hospitality Trust
(AHT - Get Report), a hotel REIT that owns 122 properties across the U.S.
Bennett said there's a pricing discrepancy between where the public markets are valuing Ashford versus what the company's assets would be worth on the private market. He said his company's current multiple of 12 times earnings would be closer to 13 times earnings in the private market.
Bennett said that after being forced to cut its dividend during the financial crisis, Ashford is now very cautious about raising it. He said the company certainly can afford to raise the payout but has adopted a modest strategy for increases going forward.
When asked about the possibility of more acquisitions such as the company's Highland deal two years ago, Bennett explained there may be similar deals out there, but for now the company is adding capital to its current assets and building its earnings platform for the future.
Cramer said that hotels continue to be a strong place to be and Ashford is right in the middle of the action.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the insane battle over
(DELL - Get Report)
, saying the real winner will likely be the bidder who doesn't get the company.
Cramer said Dell has been in secular decline for years, with continually lower revenue, lower margins and lower earnings. Despite his best efforts, founder Michael Dell has done little to stem this tide, so why would taking the company private make any difference?
Cramer said it's highly unlikely the public markets have under valued Dell so far below what the private markets now seem to be willing to pay for the company.
That's why, by his estimation, Cramer said Dell continues to be worth just $10 a share.
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-- Written by Scott Rutt in Washington, D.C.
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