It is YEARS since Cramer took a careful, detailed look at PBT. Cramer is a great source for learning how to invest and how to manage a portfolio. Unfortunately, he can hurt you if you focus on his Lightening Round recommendations and market timing ideas. If you want to follow Cramer, subscribe to his Action Alerts portfolio and buy and sell with him as he manages his Charitable Trust. The Mad Money suggestions are strictly off the cuff. They can be helpful--but only as a starting point for your own research. Cramer is often dead wrong on future stock price movement. I can't count the times I have said to myself, "Whew! Thank goodness I didn't listen to Cramer."
Yep - his bs buy buy buy should be bye bye bye. Between him and that crap TheStreet pitches to folks it is garbage. Check out their numerous BUY recommendations on CLF as it was going down and then changes to HOLD after it hits 52week low for a solid example of plain garbage.
Cramer changed his mind this week and said don't buy because PBT has reduced its dividends. Seems like he really doesn't understand this royalty trust. Payments are down because the price of oil and gas was lower for their trailing months sales and they didn't produce as high a quantity. Price should improve by the November payment schedule due to market conditions. I don't know why production has been lower. If PBT Management sells more then this stock will be