Perhaps Mr. Salmon should note that seekingalpha.com posted a blog on January 8 commenting on seven great Brazilian stocks for the future, including both PBR and PZE. Both seem to be great companies. I took advantage of Cramer's advice, waited several days for the pullback from Bear and Citi's downgrades to slow down around the mid $12 range (following a technique Cramer constantly advises doing), and picked up some PZE for a bargain. If you followed ALL of Cramer's guidances as I did, you'd own a great stock with fantastic growth potential (forward P/E under 8). Don't knock Cramer if you're careless enough to buy the minute after he or CNBC recommends a stock, as he always advises against doing.
The CNBC-PZE Fiasco [View article]