This Day On The Street
Continue to site
ADVERTISEMENT
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

[video] Jim Cramer Quick Take: PPG's Chuck Bunch Is a 'Bankable CEO'

NEW YORK (TheStreet) -- TheStreet's Jim Cramer has crowned PPG's (PPG - Get Report) CEO Chuck Bunch as one of his 21 "bankable CEOs." Cramer is co-manager of the Action Alerts PLUS charitable trust portfolio.

PPG is headquartered in Pittsburgh and manufactures paints, specialty coatings, optical materials and chemicals. At the close on Thursday, PPG stock was at $193.69. The shares are up 45.9% over the past year.

Cramer lauds Bunch for his foresight. He was "the first to recognize that you have to get out of commodity chemicals and be in proprietary chemicals" in order to best the competition. Bunch's strategy helped PPG fight back against the "knock-offs" and cheap Chinese products.

"The man has a vision," Cramer said.

Bunch seeks to "dominate" the coatings market in growth areas. Plus "he's the best paint play in the country," Cramer said -- and that includes competitor Sherwin-Williams (SHW).

In the chemicals and coatings field, Cramer sees PPG as well ahead of Dow Chemical (DOW) and DuPont (DD). Cramer said he admires Ellen Kullman, DuPont's CEO, but Chuck Bunch is more bankable.

--Written by Nora Morrison in Cleveland.

 

 

Nora Morrison is a researcher, writer and editor on music, popular culture, and business topics. She is an associate editor at TheStreet, and is on Twitter at No Ticker.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG
PPG $220.85 0.00%
AAPL $132.65 0.00%
FB $81.91 0.00%
GOOG $555.37 0.00%
TSLA $231.55 0.00%

Markets

DOW 18,037.97 -42.17 -0.23%
S&P 500 2,108.92 -8.77 -0.41%
NASDAQ 5,060.2460 -31.8390 -0.63%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs