Starwood Property Trust, Inc. (NYSE:STWD) is one of the stocks that Jim Cramer shared his take on. A caller asked if the time has come to put the stock on their watchlist, and Cramer replied:
“Okay, this is a tough one for me. I think the world of Barry Sternlicht. It’s got a 10% yield, which is really terrific. I want Barry to come on and tell me what’s in the portfolio so I would feel better recommending it, because I was quite surprised they would have such a precipitous fall given how good Barry Sternlicht really is.”
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Starwood Property Trust, Inc. provides real estate credit, property investments, and infrastructure lending, including commercial mortgages, residential loans, equity interests, and commercial mortgage-backed securities-related assets. The company maintains a REIT status. During the November 18 episode, a caller asked whether they should buy, sell, or hold the stock, and Cramer responded:
“You’re dealing with Barry Sternlicht, who’s a very smart person, who has dealt with all sorts of bad markets and has come up fine. I am loath to abandon it because I think I respect him that much.”
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This article is originally published at Insider Monkey.
