 |
 |
 |
 |
 |
 |
 |
|
|
|
|
|
|
|
|
● |
|
|
 |
| |
| |
 |
| |
|
| |
Wednesday, 03/05/08
Posted 03/05/08, 11:21
pm ET |
(Scroll down to see Jim's
comments below) |
|
| |
| |
|
Today's date:
Wednesday, 03/05/08 |
|
| |
Dow Jones: |
12,254 |
+41 |
| |
NASDAQ: |
|
2,272 |
+12 |
| |
S&P 500: |
|
1,333 |
+ 6 |
| |
|
| |
|
| |
|
Final Segment 1
Title: |
'Shame And
Fortune'
(Jim's CEO
Wall of Shame
update)
leading into...
'Mad Mail' |
|
. . . .
. |
|
Featured Stock(s): |
See all specific stock
picks below...
See Closing Segment 2,
below...
|
|
|
After this segment, you
can see Jim's
Sudden:Death picks
here... |
JJC:
Some 'Mad Mail' but let me
just take a moment here...
to talk about something I
read today that made me
furious and nauseous... on
page three of the Wall
Street Journal... "WAMU
Board Sets Target
Shielding Executive
Bonuses"...
I read that Kerry
Killinger, the CEO of
Washington Mutual (WM)
and a member of good
standing of the
Wall of Shame
here... a guy who
just so happens to be one
of the worst CEOs in the
world... WM goes
down... It feels like it
goes down everyday...
This is a man who has
pushed his company to the
brink of insolvency...
and, who knows, it could
get worse from here.
This complete and total
incompetent... this guy
(Killinger)... He's
a complete and total
incompetent... is,
without a doubt, getting
what I think - pound for
pound for what he's done -
the biggest bonus plan
I've ever seen... It
made me want to puke...
. . . .
.
Killinger - who deserves
to be fired - could get a
cash bonus, ranging from
365% of his base salary
(i.e., which is listed as
$5,007,000) to 548% of his
base salary this year.
The worse thing?
Whether or not he gets his
bonus doesn't depend on
the biggest problem the
bank is facing... credit
losses.
A problem, by the way,
that Killinger is largely
responsible for...
He's the CEO!
The stock's at $12, for
heaven's sake... I
remember when it was in
the $30s...
No... Instead, he
could get this huge
bonus...
As The Journal points
out... nothing on risk
management... nothing on
minimizing credit
losses... This is
unbelievable!...
. . . .
.
After reading this, I just
want to put, not just
Kerry Killinger up on the
Wall of Shame,
but also the entire board
of directors of WM...
It's just shameful!...
This cannot be allowed to
stand and, if you're a
shareholder - which you
shouldn't be! - it's time
to start complaining!
I may not be able to make
this right, but at least I
can put them at the top of
the list, to make sure the
shame can be acknowledged
in Cramerica!...
No one is holding them
accountable!...
. . . .
.
The Bottom Line!:
Washington Mutual (WM)'s
CEO and Board (of
Directors) are taking my
#1 spot as big-time
offenders in Cramerica...
(on Jim's CEO
Wall of Shame)...
. . . .
.
Note: Jim
then left these comments
about the , and went into
reading some 'Mad Mail'
from viewers that wrote in
with stock questions, as
shown below...
| |
|
| |
|
■ |
Stock Snapshots - Includes
all stocks mentioned above |
■ |
|
| |
|
|
Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
|
|
WM |
12.80 |
12.41 |
See 'Shame
and Fortune'
comments above
for:
Washington Mutual (WM)
|
|
|
STX |
22.81 |
22.73 |
Mad Mail
Seagate
Technology (STX)
Q:
Overall, I'm
sick and tired
of all the
doom-saying in
the market now.
I don't see us
going too far
below the
intraday 11,660
level on the
Dow. Most
the short/put
plays are no
longer viable
now. So,
my main pick,
which I played
two days ago, is
Seagate
Technology (STX).
It has great
fundamentals and
the recent
analyst moves
upgrading the
stock in its
industry were
great. But
what does the
Cramer Guru
think?
JJC:
Look, I don't
like tech, okay?
Tech's a good
trade...
IBM (IBM)
has an analyst
meeting
tomorrow, and
maybe STX goes
up a little...
Go up a buck and
then take
profits...
I don't like
tech here.
It's the wrong
part of the
season to like
tech. It's
just...
After March...
when March
begins, tech
tends to
disappoint...
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
 |
|
|
|
|
|
|
|
|
|
 |
|
See all of tonight's stocks'
latest quotes on
Yahoo! Finance |
|
|
 |
This holiday's
hottest tech
item... The
Flip!...
Completely
tape-free
amazing
60-minute
camcorder for
less than $200 -
great for young
and old!
(and still in
stock)
more details >> |
|
Most popular
investing books ordered:
(click any book to see at
Amazon.com) |
|
|
 |
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
 |
|
|
|
|
|
|
|
We need your help!
If you find our service valuable, your
donation is critically helpful to support
our operating costs and is
MUCH appreciated!
(click below to donate) |
We are serving thousands
of
new visitors every day and our costs are
growing as well. Thank you for your
support & generosity!
|
|
|
|
|
| |
| |
|
Final Segment
2 Title: |
'Am I
Diversified'... |
|
. . . .
. |
|
Featured
Stock(s): |
No new stock
picks... |
|
. . . .
.
| |
|
| |
|
■ |
Stock Snapshots - Includes
all stocks mentioned above |
■ |
|
| |
|
|
Jim
Cramer's
rating on
this stock |
STOCK
SYMBOL |
Closing
price
that
day |
Opening
price
next
day |
Full Company
Name/Comments
(see comments above for
each) |
|
|
na |
na |
na |
'Am I
Diversified'
Segment...
In this segment,
Jim takes calls
from viewers to
critique their
top five
holdings, to
indicate whether
they are,
together,
relatively
diversified as a
standalone
portfolio.
. . . .
.
No fresh stock
picks.
|
|
|
|
|
|
|
[
end of final segment ]
|
| |
|
| |
|
Go to the SUDDEN:DEATH
SEGMENT from
tonight's show
here >>
See current quotes on Yahoo!
Finance from
tonight's show stocks
here >> |
|
|
|
Symbol keys: |
|
 |
A Charitable Trust stock.
- An asterisk next to a
stock symbol indicates that
Jim mentioned it is a stock
that he manages within
his
charitable trust portfolio.
| | | | | | |
