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Trian Fund Management, owned by activist investor Nelson Peltz , announced last week it has a more than 7 percent stake in industrial conglomerate Ingersoll-Rand. After the news broke, the stock jumped more than 5 percent.
Naturally, “ Mad Money ” host Jim Cramer wondered if any money can be made by piggybacking off of Peltz. To find out, he analyzed some of Peltz’s highest profile deals since his fund’s inception in November 2005. As it turns out, he found that piggybacking off of Peltz is a sound strategy indeed.
In his research, Cramer looked at what happened after Peltz’s firm took positions in Wendy’s , H.J.Heinz , Tiffany & Co. , Cadbury-Schweppes, Legg Mason , Family Dollar Stores and Kraft Foods . Cramer wasn’t interested measuring whether Peltz made money, though. He only wanted to find out if investors made money after buying into these stocks after Peltz’s positions became publicly available information.
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