You know,
I have to agree. I find Cramer a bit of an idiot. I mean, apparently
he has done well in stocks, I am not disputing that, but for an
investment adviser he is someone I find....well, comical. I've watched
his show, and to me he's like the circus; something to see and laugh
at when it comes to town, but not something to take too seriously. His
biggest fault, and this is ironically the draw of his show, is how he
preys on and encourages the emotions of his followers. Now, he may say
that its best not to invest with emotion, but watching him run around
on tv with his sleeves rolled up, yelling like some motivational
speaker selling a new brand of energy drink, sure sends a different
message. In fact, the high quality of his marketing skill, and the
poor quality of his advice, kind of reminds me of the Motley Fool.....
What you describe with Google (selling a decelerating company at an
overly high p/e), is exactly what he is doing with Starbucks right
now. I wrote a piece on that just recently, before seeing your post.
http://finance.google.com/group/google.finance.655693/browse_thread/
thread/70b1a98e1b36dba4 Google and Starbucks are both great companies,
but not great investments.
Anyways...
Mr. Big
jared wrote:
> You know, I have taken Cramer's advice with a grain of salt, always
> researching his suggestions, and sometimes I agree with him. When I
> do, I buy the stock. Most of the time I don't agree with him, but
> when I do, I figure it's a winner. I have done pretty well with this
> philosophy.
> But Google? You know, over the last 6 months, Cramer has been so
> bullish on Google, he even said something along the lines of Google
> being the 1 stock that you HAVE to be in. Then, they deliver earnings
> on Jan. 31, and all of the sudden, Cramer comes out and says "Here we
> have a decelerating growth story."
> Okay, so my question is shouldn't a guy who has been in the market as
> long as he has have known that growth was going to decelerate???
> Obviously, consistent 90+ % growth is not sustainable by anyone. Yet,
> he had people buying into Google like it was going to, I think his
> last price target was $750, right?
> Now I didn't lose $$ on Google, but I know a lot of people who did,
> and I think this is a good example of when to/not to take advice from
> anyone, even if they are an "expert" without considering all factors.
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