Executive Decision: Bob Gamgort
For his third "Executive Decision" segment, Cramer sat down with Bob Gamgort, CEO of Pinnacle Foods (PF - Get Report), home to such brands as Vlasic, Birds Eye, Mrs. Paul's and Duncan Hines. Shares of Pinnacle are up 41% since Cramer recommended it a year ago.
Gamgort said Pinnacle's mission to to reinvigorate iconic brands, making them fresh and relevant. The company accomplishes this goal by increasing productivity, which then provides it with the fuel to invest in innovation and marketing.
When asked about the move towards healthy eating, Gamgort said that 40% of what Pinnacle sells has fruits or vegetables as their primary ingredient, proving that Pinnacle is giving consumers what they want in 13 different food categories.
Turning to its acquisition strategy, Gamgort said Pinnacle looks for market leaders or brands that can become market leaders. Pinnacle looks for synergies so they can innovate and grow.
Cramer said that Pinnacle remains one of his favorites among the food stocks.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer opined on the "feel good" story that American natural gas may be able to put a damper on Russian President Vladimir Putin.
Cramer said while it's true that America has a glut of natural gas, it's also true that we simply have no infrastructure to send it anywhere and little political will to change the tide.
Cheniere Energy (LNG) will be first online with a natural gas export terminal in Louisiana, but that project's exports are already locked in for years to come.
Dominion Resources (D) is working on our nation's second export terminal in Virginia, but that project is also years away from being able to help those in Europe.
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-- Written by Scott Rutt in Washington, D.C.
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