Jim Cramer Says Bill Ackman Will Help Get Valeant’s Stock Up
Jim Cramer says that even as Valeant is in the process of cleaning up its' board, there is still a question about the company's billions in debt.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said that even as Valeant (VRX) has cleaned up its' c-suite and is in the process of cleaning up its' board, there are still questions about the company's billions in debt. Cramer said, 'I do think that there is still a question of the $30 billion dollar debt versus what is the real cash flow.' While Cramer is not a fan of Valeant shares for the long term, he does see the potential trading opportunity ahead of CNBC's interview with Bill Ackman on Monday.
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
