Macy's Terry Lundgren Is One of Jim Cramer's 'Bankable CEOs'
Macy's department stores have been on fire since February and CEO Terry Lundgren continues to deliver, says Jim Cramer.
Hedge funds have repeatedly bet against Macy's CEO Terry Lundgren, but TheStreet's Jim Cramer says that is just wrong. Macy's department stores have been on fire since February and Lundgren continues to deliver. Cramer believes Macy's shares can go through the $60s as the weather improves, and while Cramer trimmed back his position in Macy's for his Action Alerts PLUS portfolio, he thinks Lundgren is "totally bankable" and he would be a buyer on any pullback to $55 a share.
At the time of publication, Cramer was long ___.
