Jim Cramer's Wall Street Confidential Picks, 8/9/07

Recap of Jim Cramer’s comments on Wall Street Confidential, Thursday August 9. Click on a stock ticker for more analysis:

Penny General: Family Dollar (FDO), Wal-Mart (WMT), Tribune (TRB)

Cramer predicts Dollar General will be the first among recent private equity takeovers, including Tribune, which will fail. Since it became private, Dollar General has been biting at Wal-Mart's ankles, and WMT will probably respond by lowering prices to knock them out of business, according to Cramer. This will be bad for FDO as well, and Cramer predicts by the holiday season, Dollar General will be "Penny General." When asked if Dollar General made a mistake going private, Cramer responded that while he doesn't like to call people idiots anymore, "Dollar General made really bad judgements."

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