[video] Jim Cramer Quick Take: Eaton's Sandy Cutler Is One of My 'Bankable CEOs'
NEW YORK (TheStreet) -- TheStreet's Jim Cramer has declared Eaton's
Cutler has put together a "powerhouse" with Eaton's acquisition of Cooper in 2012. The combined company provides global power management, and, in Cramer's view, is "the foremost electrical company in the world." Eaton is a holding in Cramer's charitable trust, Action Alerts PLUS.
Eaton has lagged the market, Cramer noted, but "that's a mistake." The company is "completely bankable." Cramer sees Eaton as properly levered to both the commercial and residential power businesses.
Plus the company has a "fantastic" truck business, which Cramer compared to Cummins
Cramer sees Cutler as "the great industrial CEO of our time." Why hasn't he received more recognition? Maybe because he is in Cleveland, or maybe because he's not very into promotion, Cramer mused.Cramer sees a bright future for the merged Eaton and said, "The combination of Cooper and Eaton will continue to pay off for all of 2014."
--Written by Nora Morrison in Cleveland.
At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.