One automaker silently beating competition
Cramer: One automaker silently beating competition
Wednesday, 20 May 2015
Sometimes something is so amazing and right in front of an investor's face, that they are too blind to see it. Jim Cramer is tearing out his hair at this obliviousness right now, as Fiat Chrysler is tearing up the market and no one knows it.
Yes that's right, Fiat Chrysler has been killing it in the auto world. It came public again in October of 2014, and has roared 55 percent higher since then.
Both Ford and General Motors have overshadowed it, yet those two stocks can't even come close to touching the amazing returns that have flown from Fiat Chrysler.
"How has this car company silently become the best in the business, with hardly anyone seeming to notice? How can we treat Chrysler, one of the big three for heaven's sake, as though it doesn't even exist?" the "Mad Money" host asked.
Cramer thinks it hasn't garnered the attention it deserves, because of its complicated history. Chrysler was one of the hardest hit companies during the financial crisis and filed for bankruptcy in April of 2009. Most investors lost track at that point.
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