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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
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10.88
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UP
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10 Yr
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+0.11%
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+0.27%
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-0.19%
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RealMoney.com : James J. Cramer 
That decision, which caused Global to lose its biggest cash cow, plus its move to take Exodus (EXDS:Nasdaq - news - commentary - research) common stock, basically doomed the company. Global needed the cash, but it needs the cash flow even more. With that cash flow from old Frontier, the possibility that GX would not have to file bankruptcy now that Exodus has would have been much less than it is now.
But Global always wanted to be go-go. It was a financial company, put together by financial guys, that wanted to be cutting-edge. That's what made me like it when things were good, but what made me turn on it when things got bad. Things are now worse. Global was always selling basics in order to help pay for expenses elsewhere. It was the mantra of the company. Now it is its kiss of death. The basics don't falter in a recession. Only the glitzy stuff does. James J. Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. While he cannot provide personalized investment advice or recommendations, he invites you to send comments on his column to jjcletters@realmoney.com.
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Content Search:
Quote Search:
(Stocks, ETFs, Mutual Funds)
TheStreet Directory
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,441.12 | 1,109.18 | 2,206.91 | 35.96 |
Oil *
73.55
|
|
DOWN
10.88
|
UP
1.25
|
UP
5.86
|
DOWN
0.07
|
10 Yr
3.60%
SPDR Gold
111.59
|
|
-0.10%
|
+0.11%
|
+0.27%
|
-0.19%
|
Data delayed 20 minutes |
