Cramer Quick Take: Yahoo! Can Go Higher
NEW YORK (TheStreet) -- Is Jim Cramer a fan of Yahoo! (YHOO) CEO Marissa Mayer? You bet he is.Cramer told Debra Borchardt at TheStreet.com Monday he thinks Mayer is doing great things at Yahoo! and will likely be one of the great CEOs of 2013 as a result.
Many people misunderstood Mayer's recent move to axe all work-from-home privileges, said Cramer. The problem Mayer faced was one of a fragmented workforce with extremely high turnover, he said. Bringing everyone together and rebuilding the team was essential. This is not analogous to other companies, he said, but it was the right move for Yahoo!.
Cramer said Yahoo! remains an inexpensive stock and he would be a buyer.
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-- Written by Scott Rutt in Washington.
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