[video] Jim Cramer Quick Take: Ford's Alan Mulally Is a 'Bankable CEO'
NEW YORK (TheStreet) -- Ford
Instead of going bankrupt like its Detroit counterparts, Ford was able to hang tough because Mulally "had the foresight to raise a lot of money before the recession hit," Cramer explained. For this reason, Mulally is one of Cramer's "Bankable 21." GM is an AAP holding.
However, Ford's stock has stalled as investors wonder if the CEO can "clean up" the European operations within his one-year, self-imposed deadline.
"I think he can do it," Cramer said. He reminded investors how much shares of Microsoft
He concluded that Mulally was able to steer Ford clear of bankruptcy, turn its operations around and "now he's going to turn it into the global powerhouse that it used to be."