'Real Money' Radio Wrap-Up: Lost in the Supermarket
Focus is at a premium, Jim Cramer said Monday on his "RealMoney" radio show.
Citigroup's (C) earnings "stunk up the joint," Cramer said, because the company has too many moving parts that prevent it from achieving reliable growth. Cramer believes the so-called "financial services supermarket" model, once considered the way to go, is now to be avoided.
"Fees can't be hidden. Regulators are all over firms. Journalists are wise to the game," said Cramer.
Instead of owning an unwieldy amalgamation like Citigroup, said Cramer, the better move is to buy the "best of breed" companies in each of the arenas in which Citibank competes.Breaking it down, that means buying:
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