TheStreet’s Jim Cramer is keeping an eye on ConAgra Foods (CAG) as the packaged foods company prepares to post fourth quarter results before the opening bell Tuesday. Cramer says that ever since ConAgra bought private label Ralcorp Holdings, they have continuously missed numbers. Cramer says he’s interested to hear what they have to say about that. He says what he’d like to hear is for them to say, we understand how our share base really isn’t happy with us and we will take the charge and get rid of the private label. Remember, he says, they have a new CEO, Sean Connolly, which is why this is front and center. Cramer says keep an eye on Pinnacle Foods (PF) and on TreeHouse Foods (THS) as potential buyers of Ralcorp. He says TreeHouse in particular could make this work.
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