Jim Cramer: I’m a Huge Backer of Abbott Labs CEO Miles White
Jim Cramer is bullish on Abbott Laboratories' acquisition of St. Jude Medical.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer is bullish on Abbott Laboratories' (ABT) - Get Report acquisition of St. Jude Medical (STJ) . 'What CEO Miles White is doing is taking advantage of the fact that St. Jude doesn't have the scale - St. Jude has fabulous devices for the heart, but they don't have the scale to compete against Medtronic (MDT) - Get Report ,' Cramer said.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
