Stock Tickers: CHTR, SIRI, XMSR, CMGI, KRY, VG, FMT
Jim Cramer featured his SELL BLOCK series, where he reviews his pigs and prizes for Buy, Sell, or Hold strategies out of his past picks. These were all reviews from the CNBC “Favorite Stocks” out of the CNBC Investing Challenge that is going on right now.
Charter Communications (CHTR-NASDAQ) is the only one he’d buy, but you can take some profits. These are some of Cramer’s Sell’s or Avoids:
Sirius Satellite Radio (SIRI-NASDAQ): No he can’t say buy because of the hard time they are getting over the XM Satellite Radio (XMSR-NASDAQ) merger after 4 Congressional hearings. He thinks XM may fold if the deal doesn’t go through.
CMGI (CMGI-NASDAQ) is one that Cramer would stay away from since it has changed business models to many times and is now masquerading as a supply chain logistics company. Oddly enough, he was fairly positive on this one before.
Crystallex (KRY), the gold mine he’s caught a double in but he wants to stay away and won’t back anything tied to Chavez risks like this one is.
Vonage Holdings (VG-NYSE) is one he wouldn’t touch ever. He thinks it may have to bankrupt and is one of the worst stocks he’s ever seen.
Fremont General (FMT-NYSE) is a subprime play, and he’d rather see you in others.
Some of these are cult stocks, and Cramer probably just slapped a few of them down. I guess BooYah, went to Doh!
Jon C. Ogg
April 19, 2007
Jon Ogg can be reached at email@example.com; he does not own securities in the companies he covers.