This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Trulia Gets No Free Pass, Says Cramer

NEW YORK ( TheStreet) -- Lindsey Bell interviews Jim Cramer regarding Trulia's IPO. A full transcript appears below:

Lindsey Bell:
Trulia IPO's popping. What's your thoughts?

Jim Cramer:
Tough call. The track record of companies that have not been making money, that have come public this year, is dismal -- but they've always given you a great gain. So I think you take it. I think Trulia's in a horserace with a bunch of companies...been a remarkable grower...increasing in Comscore. The real estate market is kind of like a porn market. We were making that joke. People look at websites. They want to see what their value is. These are very sticky sites. You tend to have to go through six or seven, if not eight, clicks in Trulia to find out what you want...sticky.

Advertisers like it but its competitor's Zillow, which I like, is teamed with Yahoo and Yahoo is just a powerful partner and my experience is that, when you have a company that is not making money, that is a basic social media/.com, all my views are colored by what happened at TheStreet when it became other words, a lot of hoopla. Stock was bid up furiously but we didn't make any money and I'm scarred by that. I'm also scarred by the fact that my late friend, Mark Haines, always said no free free passes...and I think that's the case again, with Trulia. I can't give them a free pass.

Lindsey Bell:
So you stay away from this stuff.

Jim Cramer:
Sell it.

Lindsey Bell:
Okay. What about other social media?

Jim Cramer:
Don't care about those right now.

Lindsey Bell:

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TRLA $48.36 3.14%
SCOR $30.62 0.00%
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs