Cramer’s SELL BLOCK (BPT, FRO)
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…
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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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.