Jim Cramer: Reminisces of a Douchebag

Discussion in 'Chit Chat' started by ByLoSellHi, Apr 22, 2009.

  1. It is appropo for a reminder of the douchebaggery that is and will forever be Cramer the Clown:


    (2/29/00) " It was a list of his top ten stocks - must own stocks for the new millenium. Here they are:

    724 Solutions - SVNX
    Ariba - ARBA
    Digital Island - ISLD
    Exodus - EXDS
    InfoSpace.com INSP
    Inktomi - INKT
    Mercury Interactive - MERQ
    Sonera - SNRA
    VeriSign - VRSN
    Veritas Software - VRTS

    There were some interesting quotes in the article about these must own stocks:

    "We are buying some of every one of these this morning as I give this speech. We buy them every day, particularly if they are down, which, no surprise given what they do, is very rare. And we will keep doing so until this period is over -- and it is very far from ending."

    "We don't use price-to-earnings multiples anymore at Cramer Berkowitz. If we talk about price-to-book, we have already gone astray. If we use any of what Graham and Dodd teach us, we wouldn't have a dime under management. "

    724 Solutions - SVNX

    This one now was bought out by a Venture Capital firm for $3.34 per share after peaking at $200. The chart on yahoo only goes back to 2001 so it may have been even higher.

    Ariba - ARBA

    Ariba is still around and now trades at around $9.25 after peaking at $1012.50 a share. No, this is not a misprint as the stock had a 1 for 6 reverse split in 2004. And this guy has his own show?

    Digital Island - ISLD

    Alas, I can find no record on this one on either Yahoo or Google. It has been lost to history.

    Exodus - EXDS

    I am having trouble finding this one too - there is a mention of an Exodus Communications that in September 2001 filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code.

    Courtesy of Eric J. Fox - 2007