Below is the editor's note pasted from the downgrade article--basically saying that no human takes responsibility for the article content because ratings are established by computer. YOU CAN'T MAKE THIS STUFF UP.
My take? Cramer is practicing the new formula--create a platform, make yourself into a good enough showman to build a following of retail investors, then take their money. These are the P.T. Barnum's of our digital age.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
I AM POISED TO BUY ON ANY PRICE DIPS. THIS IS THE BEST DEFENSE AGAINST THE MANIPULATORS. STOCK JUDO.
Do you realize TheStreet had a BUY on Questcor at $54.40 and the stock fell to $35 in two weeks after they posted this on July 9, 2012?
Questcor Reaches New 52-Week High (QCOR)
By TheStreet Wire 07/09/12 - 10:18 AM EDT
Find out if (QCOR) is in Cramer's Portfolio.
NEW YORK (TheStreet) -- Questcor Pharmaceuticals (Nasdaq:QCOR) hit a new 52-week high Monday as it is currently trading at $54.34, above its previous 52-week high of $54.30 with 1.1 million shares traded as of 9:55 a.m. ET. Average volume has been 1.9 million shares over the past 30 days.
Questcor has a market cap of $3.22 billion and is part of the health care sector and drugs industry. Shares are up 20.8% year to date as of the close of trading on Friday.
Questcor Pharmaceuticals, Inc., a biopharmaceutical company, provides prescription drugs for the treatment of multiple sclerosis, nephrotic syndrome, and infantile spasms indications. It primarily offers H.P. The company has a P/E ratio of 31.5, equal to the average drugs industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Questcor as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Questcor Ratings Report.
See all 52-week high stocks or get investment ideas from our investment research center.
Laughable. Whole note is positive but downgrade. LOL Computer generated because Cramer has proved that he has no f****** clue what is going on with this stock. The investment arena is losing all credibility. Use your own judgement; that'syour best bet.