The Street: Jim Cramer picks Safeway over Whole Foods
NEW YORK — Mad Money's Jim Cramer tabbed Safeway over Whole Foods in an interview with The Street published Tuesday.
One of the big plusses behind Safeway is its proposed IPO of its Blackhawk pre-paid card division. But that isn't all, Cramer noted — main stream supermarkets are eating away at Whole Foods' grab on organics. "[Safeway] understand[s] that organic's the way to go, and these places have reinvented themselves," Cramer told The Street. Safeway is also "shareholder friendly," Cramer added, with a dividend at 6.7%.