Cramer's Mad Money - Don't Go Bottom Fishing In RIM Or Yahoo (4/4/12)
By SA Editor Miriam Metzinger: Stocks discussed on the in-depth session of Jim Cramer's Mad Money TV Program, Wednesday April 4.
Don't Go Bottom Fishing in Research in Motion (RIMM) or Yahoo (YHOO). Other stocks mentioned: Apple (AAPL), Google (GOOG)
There is a self-destructive tendency among some investors to want to go bottom fishing in terrible stocks. They are in search of takeovers and turnarounds in companies that are simply finished. There are those who are trying to find reasons to buy Research in Motion (RIMM), since its BlackBerry still has 77 million users. People use Yahoo (YHOO), so they wrongly conclude the stock is worth buying. However, Yahoo is not able to bring out or create value or to compete with Google (GOOG). Yahoo has no significant social networking or cloud exposure, unlike Google. RIM can't hope to compete with Apple (AAPL). Cramer would abandon RIM and Yahoo, since these stocks are mere shadowsComplete Story »