Yea its worth 20 maybe even 25 he said. I figured he was pumping it because he bought a million shares for himself. I dont trust the guy. I should have known he was an idiot when he bashed my favorite stock, HL, that blew up in his face.
Damn, Cramer. So Dole is using this IPO money to pay down a huge debt, so the company can get an upgrade credit rating. I must quit listenig to this fool. He pumps the heck out of it, "buy all you can" at the offering of $12.50. Yeah, right, and it's what now? I figured, it a name Brand, how bad can it be? Well I found out. Amazing how Cramer is supposed to do all this homework, due dilligence, then omits the big Dole debt.
Hey Folks, We have to find humor where we can and we did listen to a man dressed up as a pineapple telling us to buy, buy, buy! Now, I should have listened to the banana I met earlier. I am considering two options - "Kick the Can" or just put it away for awhile and wait and see.