Jim Cramer's Stop Trading! Vonage Villains
Stock quotes in this article:
ITT
Vonage (VG Quote) is "revolting," but Jim Cramer said Friday on CNBC's Stop Trading! segment that he can "guarantee it will stop going down at zero."
Cramer said Vonage, off 17% Friday after a patent loss to Verizon (VZ Quote), exists as a reminder that it's possible for execs with a lousy business to "beat the public nine ways to Sunday" if they can just get an IPO out the door. Vonage now fetches $4, down from its IPO last May at $17. Cramer likes a Merrill Lynch call on ITT (ITT Quote) going to $100 from a recent $61. He said he prefers not to mix politics with stock picking, but "I do support clean water."- Loading Comments...
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