Just said he respected Dan Hesse more than almost any other CEO...are you kidding? If by respect he means you overpromise of grand plans, mergers, overspending and a parachute of $49 million as you leave the company in disarray then I guess we all should respect Mr. Hesse. Of course that failed plan and the big paycheck is common for Wall Street so I can understand why Cramer blesses him it is the world Jimbo and his cohorts have thrived in for many years.
The generic reared it's head but if you had a better market I think the stock would have closed up another .20-.30. It has to hold this gain and build on it to move substantially higher along with better numbers in the coming months. I think the market did not expect these September numbers.
It would appear they forgot how to do a conference call. When you say spending will increase more than analysts were expecting you do need to break those extra cost down so those analysts can model it into their new estimates. This was a monumental blunder to the tune of about $20 billion in market cap with the shares near $73. I've been nibbling in the $71's and $72's. If they explain the expenses to the street tonight or tomorrow this may get back to $75 plus tomorrow. But boy was this a dumb move throwing out a big expense number without details. It would appear these execs have become a bit full of themselves for now and this may humble them a bit going forward.
CNBC endorses it and don't forget he King himself....Cramer. These three pulled off one of the best Pump & Dump acts I've seen in years.
I could not agree more. He and his group are days away from real-time moves in individual stocks. What investors do not need is another Cramer wannabe leading them into losing trades. When these guys sign that Fox contract like Lou Dobbs (a 360 degree viewpoint from his CNN days) I believe that a lobotomy is part of the deal. Of course more dollars will make these people sit and fetch on request.
It is amazing how the market is holding down both GM and F while it ticks higher. Both sets of earnings were not terrible especially F which warned and actually best the lowered numbers and it is getting beat up pretty good today. It does appear they are creating their own buying opportunity by flushing out the weak hands as a result of a lack of buyers. The close will be interesting I'm nibbling down here near $30.10 area.
But how long can they put up with her? I'm not in IBM in any trade or investment (my mom owns shares) but this is quarter after quarter with her at the helm even while the markets were doing well the past year or two. Obviously something is wrong and it is a big ship to turn in the right direction and if not for Buffitt the shares would be in the $130's by now.
and nobody else is I think we are close here with HLF. I saw so many shorts come in the past two days so any hint of good news this will move nicely upwards. The good news or even no bad news is the key here.
I am amazed at how the execs are allowing this long for the results to come out. Who are they using H&R Block?
I've never owned this but this blonde analyst that keeps pumping this stock on Fast Money is the biggest slime ball since Cramer. She would not come on the show after the stock blew up but had another analyst take her place on the phone. Cramer went to Hawaii quickly after GTAT filed for bankruptcy days ago and only came back yesterday after pumping GTAT above $18 for a second time on August 26th. Why do people still listen to anybody on any airwaves?
After the incredible amount of money Verizon dropped in their laps they have done nothing but destroy shareholder value. The special dividend created a drop in the amount of shares investors held and the shares are now at a new 52 week low with markets not to far from their highs....Sad!
He does this so often when a stock has run quickly. I firmly believe he has already been on the phone in the early AM with his hedge fund brothers and that's the signal to short the additional run when he rants before the open like he did today. If a retail and a hedge fund investor where hanging from a cliff who do you think he would help first?
The look and explanation he gave was priceless.