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Re: DewDiligence post# 6461

Wednesday, 01/30/2013 9:17:20 AM

Wednesday, January 30, 2013 9:17:20 AM

Post# of 29420
The Cramer shares your enthusiasm --

Don't just stand there, do something!" exclaimed an animated Jim Cramer.

The Mad Money host just couldn't control his enthusiasm after word surfaced that hedge fund Elliott Management will nominate five executives to Hess Corp's board as it pitches a plan to break up the U.S. oil and gas company to boost returns for investors.

"This colossal and colossally underperforming independent oil and gas explorer and producer, which is now the subject of proxy fight by a very aggressive hedge fund, has already vaulted ten points on the news, and I think it can go much higher if the company gets sold or takes the advice of the hedge fund and splits up its assets," said Cramer.
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