This Day On The Street
Continue to site
ADVERTISEMENT
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

Cramer: Outing the Perpetual Losers -- Part I

Editor's Note: This article was originally published at 7 a.m. on Real Money on Sept. 8, as part of the NFL Kickoff Open House. Sign up for a free trial of Real Money.

Enough. Let's just call 'em out already. I'm talking about the serial disappointers, the companies that just can't seem to deliver no matter what happens. I think we just need to out them right here. I am taking this Open House weekend to do what I have wanted to do for months now -- just vent my spleen on these underperformers that have hurt so many portfolios, and whose management teams seem to have no knowledge of how poorly run their enterprises really are.

Here are 10 companies run by people who actually think they are doing a good job. They aren't, of course, and they need to be put on notice that they are just members of a gang that couldn't shoot straight. I am putting them in alphabetical order because they've all been, at one time or another, super discouraging stocks to own. We all know that about these companies.

This is a list of losers that, in sports, would be considered a no-brainer to assemble. They're just a bunch of crummy teams that never seem to deliver, filled with players you would never draft if there were a corporate fantasy league. In sports, these guys would be called out so often that they would be human highlight films for disappointment.

In our business, though, the teams compensate their managers outrageously, and no one ever says boo about them. Maybe everyone just belongs to the same club and they don't want to be uncomfortable when they drink their gin and tonics with this mob? Or maybe people just don't care.

I do.

Here are the first five.

1. How does Mike Jeffries still have a job? How in heaven's name, after that quarter from hell, does Abercrombie & Fitch (ANF - Get Report) continue to let this guy (how close did I come to writing "clown!") keep running the place? Does it have to be run into the ground before the board figures out how horrendous this man is at his job? Is he just such a nice guy at home that people feel bad for him and they don't want to hurt his feelings? Do they think there's nothing unusual with a company that misses its projections by 50%? Do they like the pornographic advertisements he's come up with and are they afraid that they will lose the "edge" if he goes? Do they have to pay him a fortune contractually if they fire him? If I were Mikey, I would quit to do charity work and penance for what I'd done. Then I would give him an attaboy.

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
Back to Nasdaq


Markets

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%

Our Tweets

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs