Cramer's Stop Trading! The Good Dividend Cut (2/27/09)

Stocks discussed on Jim Cramer's Stop Trading! TV Program, Friday February 27.

The Good Dividend Cut: General Electric (GE)

While Cramer is usually in favor of fat dividends, he applauded General Electric’s announcement that it will reduce its yield in order to increase its cash. Cramer says the move was necessary to compensate for the conglomerate’s embattled commercial finance division. Concerning the FDIC’s proposal to double bank insurance fees to support the FDIC’s insurance fund, Cramer says the current regulations should not be tampered with. “I’m tired of punishment of the banks…let’s spread the non-wealth…I’m sick of class warfare. The FDIC should be on neutral ground.”

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Comments

[freddie:]

Anyone who acts on anything Cramer says is a fool. I tune in every so often, and record his "recommendations" and then track them. Oh, his poor "Charitable Trust." In mid-Dec, he touted MAS, kissed the CEO's ass, said the P/S guaranteed the "accidental" high dividend, "BUY, BUY, BUY". Then a week or so back, someone called in to ask about his recommendation now that MAS tanked and cut its dividend, and Cramer claimed he recommended a sell in Dec.!!!!!! and then cut the guy off.

The only honest and appropriate recommendation I have heard from the guy was when a retiree called in to tell Cramer he just received a big disbursement from his folding retirement fund, and asked for stock advice. Cramer told him he didn't belong in the market, and told him to get a CD. Then he said, "I can't believe it, did I just recommend a CD." Yeah, you did Cramer, you finally made a proper and prudent recommendation to a retiree. "Class Warefare"!!!, it has been conducted against the working and middle classes for decades, and this con artist, shill and entertainer dares to defend banksters who still are running the show!!!!

Mar 02 01:06 PM

[Football Geek:]

fred you miss the whole concept of the show, it's pure
entertainment

Mar 02 03:17 PM

[Richard Col...:]

"fred you miss the whole concept of the show, it's pure
entertainment"

No, it's not entertainment either.
And, apparently viewers (or the lack thereof) think the same thing __ non-informative and non-entertaining.

Can you say "dead-weight"? I knew you could.

Richard Collins
Claremont, CA

Mar 02 04:51 PM

[RalphTR:]

Unfortunately a lot of amateur and unsophisticated investors follow and literally buy into his "entertaining" recommendations.

Just a few months ago I watched him tell a caller who bought John Deere at $67 to buy more when it dropped to $63. Six weeks later he advised another caller who bought John Deere at $35 to "buy, buy, buy" at $33.

I felt sorry for the first caller who bought at $67 and probably held or bought more. Today it's under $26.

Eventhough CNBC publishes a non-endorsement waiver they're still facilitating his fleecing of people who simply do not understand the complexities of the markets and can not distinguish the scammers from true analysts.

Mar 04 12:45 AM

[Bronson Young:]

This guy is a MORON. I do not trust anything he says

Mar 06 12:44 PM