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Final
Segment #1: |
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'Mad
Mail'
'Wall of
Shame' -
continued... |
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Thursday,
June 11, 2009 |
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Mad Mail...
Viewers
write in to
ask stock
questions...
and Cramer
answers...
(below)
See viewer email
questions below, and
Cramer's answers on
whether or not he
likes the stock in
question, or general
market comments...
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Continued below...
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Jim's Charitable
Trust Alert -
Just happened:
* Just
BOUGHT new bank stock:
Bank of
America!
*
see
all
Jim's
latest
holdings here> |
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Thursday,
October 22, 2008
(Cont'd from
above)...
Jim:
All week, we
have been
adding brand
new faces to
the
Mad Money Wall of Shame…
based on the
hundreds of
nominations,
write ins,
and draftees
that you
suggested in
your
emails..
there is a
lot of pent
up anger in
this market…
even as we
are trending
higher… you
report, but
only I
decide which
CEO’s
deserve to
be on the
wall… it
takes a
special kind
of
incompetence…
and a record
of genuine
value
destruction
for anyone
to deserve
the disgrace
that comes
with being a
wall of
shamer.
Oh, but
there is
still too
much space
on the wall…
and too many
inept CEO’s
who would do
their
shareholders
a big favor…
by simply
deciding, I
think nicely
to spend
more time
with their
families… so
I am adding
in another
face
tonight… but
first let me
dispense
with the
brutal,
eviscerating
email I got
the other
night saying
that I
favored
Microsoft’s
Steve
Ballmer
because he
was a
classmate of
mine and
worked on
the Crims
with me… and
that is why
I would not
put him on
the wall,
because he
is my bud…
actually
wrong… your
email made
it on the
air, and
Steve
Ballmer does
not deserve
the
ignominious
going on the
Wall of
Shame.
Why not?…
alright,
lets go back
to the roots
of the Wall
of Shame…
why we have
it to begin
with…
remember in
order to
qualify for
a place on
the wall…
the stock
needs to
have
underperformed
since the
CEO took
over… now
Steve
Ballmer
became the
CEO of
Microsoft on
January 13,
2000... not
exactly a
great time
to start
running a
tech
company… the
stock at
that point
was $53.91,
it is now
$22.83...
that is bad,
58% loss,
51% loss
when you
include
dividends…
S&P was only
down 35%…
but you know
what, that
does not
tell you the
story… you
have to look
at the
comps… Wall
Street
jibberish
for the
performance
of companies
that are
similar to
Microsoft…
Intel, for
instance,
that is down
64% for the
same period…
Cisco, off
62%… Dell,
down 69%…
see in
comparison
to other
similar tech
stocks, and
we all would
admit that
they are
similar…
Microsoft
has not done
too badly…
by the way,
we are
liking Bing…
Microsoft’s
new search
tool… you
hit up
anything,
you like
make a
mistake,
like you go
to
Philly.com
and you
spell it
with one l…
bing.
Ballmer was
smart to
walk away
from Yahoo…
so close…
but no shame
Ballmer.
But we are
not serial
blasters of
our viewers
by any
means… for
instance,
how about
this
nomination?...
▼ ▼
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▼
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Jim's
rating on
this stock |
STOCK
SYMBOL |
Closing
price that
day |
Full Company Name |
|
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SLE |
9.10 |
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'Mad
Mail'
Sara Lee Corp. (SLE)
Q:
Cramer,
I believe that Sara Lee Corp.‘s
(SLE) CEO Brenda Barnes, should
be placed on your
Wall of Shame.
Sara Lee has had around a
60% decline since she has become
the CEO. She spun off their
biggest business, branded
apparel, into
Hanesbrands Inc. (HBI).
Ms. Barnes has done nothing to
help improve this company and I
see no reason why she should not
be on the Wall of Shame. She has
been on the Board of Directors
of companies like The New York Times Company
(NYT),
which hit its low on February
20th, 2009 at a price of $3.44
and
PepsiAmericas Inc. (PAS),
which is only 2 months off its
low of $15. Brenda Barnes has
proven that she is not right for
the job at SLE.
Sincerely, Dan
Jim:
Dan, I
think that you are onto
something… Sara Lee was at
$20.06 on February 11, 2005 when
Barnes took over... and it is at
$9.10... it is down 55%, and
still off more than 43% when you
include dividends… Barnes has
tried and failed mightily to
turn Sara Lee around for years…
and she has done about as bad a
job managing expectations with
the street as she has managing
her company… I believe that this
stock would definitely go higher
if Barnes decided to take an
extended, if not permanent,
vacation… and most importantly,
the main reason that I am
putting her up on the Wall…
compared to the other food
companies, remember the
compares… Sara Lee’s performance
under Barnes has been abysmal…
the stock is down 43% with
dividends since she took the
helm… Kellogg up 23%… Kraft up
4%… Campbell’s Soup up 26%…
Cramer fave and AAP name,
General Mills up 27%… Heinz up
29%… private label company Raw
Corp up 32%… they are all up…
Sara Lee is not only down, it is
down big.
Do you know who she reminds me
of… she is like the incompetent
Dallas oil man, Cliff Barnes… as
CEO Barnes has not only just
failed to keep pace with the
other food stocks… she has
practically pushed her stock in
the opposite direction… maybe
nobody doesn’t like Sara Lee…
but nobody other than the board
seems to like Brenda “Cliff”
Barnes… and for that, she has
earned a special place on the
Mad Money Wall of Shame.
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[verbatim recap]
[end of segment]
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