Jim Cramer's Stop Trading! 11/29/07: Lampert on Trial

Recap of Jim Cramer’s comments on Stop Trading! Thursday November 29. Click on a stock ticker for more analysis:

Eddie Lampert and Sears (SHLD), Citigroup (C): Cramer defended Sears CEO Eddie Lampert, in spite of the retailer's bad quarter. Lampert also has a significant stake in Citigroup, which also performed poorly. "I am not a schadenfreude guy," Cramer said adding that he support Lampert and Sears through this tough patch. Sears' "performance has hit several bumps in the road. ... I'm not abandoning [Sears] , the guy is too darn good," remarked Cramer. He points to Lampert's gigantic gain in K-Mart after having purchased the company for nothing. Sears should be viewed as an 18 month stock, although its performance the last six months has been terrible. Concerning Citigroup, Cramer commented, "I bet Eddie Lampert thought the same way I did. ... It was inconceivable that anyone would elect this guy [former CEO Chuck Prince] to destroy this bank."

"Don't count Lampert out yet," Cramer said. "He has a fabulous lockup, he always has, from the day he started."

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