Craig, it seems that you are the only one upset. I didn't say Cramer's favorable opinion of Dell was "stupid" or that any of his other picks are "stupid" or even that he is "stupid". What I said was 1) he frequently asks stupid questions of the CEOs and other guests interviewed on Squawk Box (I'll leave it to others to judge whether it is due to stupidity or lack of preparation), and 2) his accusation of manipulation on instinet the day of Dell's report was total BS.
As for the lovefest, three reporters and a money manager competing to see who can heap the most praise on Michael Dell rather than digging for meaningful company or industry information or insights is, IMO, a lovefest. Squawk Box is supposed to be a news program. But then, they didn't even ask the guy from ACLY any tough questions, so I guess I'm asking too much of them.
Now, regarding Dell, it seems obvious that they have found the secret to success that escapes their competition. Perhaps they can continue to grow earnings at 50% p.a. for the foreseeable future - seems improbable, but they've been beating the odds since day one. If you think the future is as bright as the past for Dell, perhaps you should consider Warren Buffet's view that when you plan to buy more of a stock you like, you should be pleased by lower prices in the near term.
Bob |
