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On CNBC’s MAD MONEY tonight, Cramer went over his SELL BLOCK. This is where he says to take profits or losses. Here it is: New Century Financial (NEW): Cramer was negative on it ahead of earnings. Dividends don’t lie, but this one was a lie. Cramer has two more dividends that could be signaling a lie too because they are so high they give a warning flag.
Prudhoe Bay (BPT) and Frontline (FRO) are BOTH going into the SELL BLOCK because their dividends are too ridiculously high. BPT is down 18% and the stock and the dividend have to drop. FRO and its 28% yield are misleading because they have to sell off assets to maintain that payment instead of using funds from operations.
Jon C. Ogg
February 15, 2007
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