is heading for $40 from a recent $33, Jim Cramer said Friday on CNBC's Stop Trading! segment.
Cramer said CEO Barry Diller has "treated Wall Street with total disdain," but he wouldn't buy the stock for Diller anyway. Cramer would buy the stock because operating chief Doug Lebda "is a fantastic manager" who, while Diller is busy painting the town red and being dubbed the nation's laziest chief executive, is "doing the blocking and tackling." On top of all that, Lebda is a people person, Cramer declared.
Cramer was less effusive about
, saying the stock has had a big run and "you want the run to be digested" before you buy the stock. Cramer said investor-agitator Nelson Peltz is "a force for good" both at Wendy's and at
, and he believes that new Wendy's chief Kerrii Anderson will do a good job. But he emphasized that both companies have been poorly run for a long time and doubts there is that much room for upside from recent levels.
Meanwhile, Cramer is looking for big things from mail-order pharmacy
, on the grounds that the company is due to give guidance next week, rather than the typical end of the year. Cramer said he believes the stock could rise 10% from its recent $61.
At the time of publication, Cramer had no position in stocks mentioned.
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