Cracker Barrel cuts dividend by 80%: Cramer is still all praise for its CEO
Cracker Barrel Old Country Store Inc (NASDAQ: CBRL) is down 20% after announcing a massive cut to its dividend on Friday. Cramer has confidence in $CBRL chief executiveThe chain of restaurants and gift stores trimmed its dividend by a whopping 80% to 25 cents a share this morning. Still, famed investor Jim Cramer is all praise for Julie Felss Masino – the chief executive of Cracker Barrel. On CNBC’s “Squawk on the Street”, he said today: She’s going to fix it. They had to slash the dividend because they needed to reapply that money to be able to make the stores look better. She’s going to rein...