Dissident investors trying to force change at
New York Times Co.
will fail because of the company's capital structure, Jim Cramer said on
"Stop Trading!" segment Wednesday.
"When you have dual classes of stocks, you can forget about it," Cramer said, referring to separate, supervoting shares owned by the family that controls the Times. "My advice to dissidents: Sell your stock."
, which he said could be a beneficiary of store closings at rival
. Cramer also said the company is "moving very aggressively to be a
"This one's done going down," Cramer said, adding that the stock reminds him of
Barnes & Noble
when it was making its trough.
Cramer contrasted quarterly reports at
, saying the latter continues to harvest big revenue from its consumer division, while Citigroup flails.
Cramer said Citi's management ranks are dominated by legal minds. "They ought to get a banker in there," he said. "I would steal someone from Wells."
Lastly, Cramer predicted
will go to $100 after investors digest a conference call transcript that suggests its hydraulic business is bouncing back.
At the time of publication, Cramer had no positions in the stocks mentioned.
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