unimpressedpragmatist

Dynamite Drug Stock - Cramer's Lightning Round (8/21/08)

When Cramer left Kudlow to start his own show, I watched, every day. Then, I made the biggest investment mistake I had made in a very long time by taking his advice on a few stocks. After that disaster, I have not watched or paid any attention to him, follow my own advice, and am making money.

My observation: the random selecting monkey does better than Cramer. Jim is, in my opinion, another carnival tote for Wall Street, a huckster for his books and newsletter, and a born clown. Caveat Emptor should be superimposed over his TV program.

I do wonder what his Nielsen rating is. But, on CNBC, as well as MSNBC and NBC it doesn’t matter. GIGO is their motto.

Home Depot Slows Down Expansion; Still Losing Customers to Lowes

Home Depot needs an overhaul of their business plan. For instance: clean up their stores so they look less like a dirty warehouse and more like a business. Get their employees off their dear asses and out onto the floor assisting customers. Train or replace their in-store management people so that they have more than a clue about how to manage a retail environment.

Home Depot stocks almost the same products as Lowe’s, but HD's prices are much lower. If they would get their customer interaction on-track and alter the appearance of their stores, they would be much more successful than Lowe’s could ever hope to be with their outrageously over priced goods and services.

Perhaps the best place to start the overhaul is in the HD corporate hdgtrs. Fire the CEO and all the corporate officers and bring in professionals who are dedicated to their professions and less concerned with enriching themselves.