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- CEO Interview Owens-Illinois
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Cramer welcomed Chairman and CEO Albert Stroucken of Owens-Illinois (OI) to his show to discuss his company’s prospects. Recently, OI reported solid earnings, crushing Wall Street estimates by 29 cents a share. The company also upped its outlook and and delivered strong free cash flow, but the stock fell after the report. Wall Street analysts and bears are worried that rising raw material costs and energy costs could hurt the company going forward. “We had a dramatic improvement in profitability because we had been underperforming for a number of years,” Stroucken said. “Now that OI is operating at a higher level profit growth may not be as high, but it still is going to be a good year-over-year comparison,” he added. Cramer asked him why did the analyst over react than? Stroucken said if he knew how the stock market worked he would no longer have to work for a living. He explained that OI is focused on finding new innovations and technologies to increase productivity and bring down costs. Cramer said he’s still bullish on OI.
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Fuente Original
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13 May, 2008| Economy |
@ 20:17
- CEO Interview Owens-Illinois
-
Cramer welcomed Chairman and CEO Albert Stroucken of Owens-Illinois (OI) to his show to discuss his company’s prospects. Recently, OI reported solid earnings, crushing Wall Street estimates by 29 cents a share. The company also upped its outlook and and delivered strong free cash flow, but the stock fell after the report. Wall Street analysts and bears are worried that rising raw material costs and energy costs could hurt the company going forward. “We had a dramatic improvement in profitability because we had been underperforming for a number of years,” Stroucken said. “Now that OI is operating at a higher level profit growth may not be as high, but it still is going to be a good year-over-year comparison,” he added. Cramer asked him why did the analyst over react than? Stroucken said if he knew how the stock market worked he would no longer have to work for a living. He explained that OI is focused on finding new innovations and technologies to increase productivity and bring down costs. Cramer said he’s still bullish on OI.
…
Fuente Original
-
13 May, 2008| Economy |
@ 19:52
- CEO Interview Owens-Illinois
-
Cramer welcomed Chairman and CEO Albert Stroucken of Owens-Illinois (OI) to his show to discuss his company’s prospects. Recently, OI reported solid earnings, crushing Wall Street estimates by 29 cents a share. The company also upped its outlook and and delivered strong free cash flow, but the stock fell after the report. Wall Street analysts and bears are worried that rising raw material costs and energy costs could hurt the company going forward. “We had a dramatic improvement in profitability because we had been underperforming for a number of years,” Stroucken said. “Now that OI is operating at a higher level profit growth may not be as high, but it still is going to be a good year-over-year comparison,” he added. Cramer asked him why did the analyst over react than? Stroucken said if he knew how the stock market worked he would no longer have to work for a living.
…
Fuente Original
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13 May, 2008| Economy |
@ 19:47
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