Smart man. Cramer changes his calls on stocks as often as he changes his underwear. It is irresponsible to put people who don't know what they're doing (which comprises a sizable portion of his audience) into the most overvalued of equities. He should be banned from giving investment advice. If you want to read a good piece google Alan Abelson Jim Cramer Winners of the New World.
Did Cramer also tell you it is best of breed? Did he mention 3 times sales, 18 times earnings?
are Cramer bagholders. He was pumping this inflated stock well into the hundreds. Typical Cramer, putting the most unsophisticated of investors into the most obscenely valued stocks. Amazing he doesn't et called out on it.
Haven't you heard? There is no risk to chasing expensively valued Disney shares. Due diligence stops with DIS "investors" upon making the determination that they have found a "good company". Price is irrelevant. Risk is irrelevant. Valuation is irrelevant.
You know, the scene where the house tells the people, get out get out now.
Unsophisticates chasing the Cramer flavor of the day. Never any discussion of value or risk. Selling a message of unlimited growth. Best of breed he said. Valuation is irrelevant. Of course until it becomes relevant.