Cramer's 'Mad Money' Recap: Energetic Ag Stocks

12/07/07 - 07:51 PM EST

TheStreet.com Staff

Sticking With It

The entire year has been a battle for Cramer with NYSE Euronext (NYX Quote - Cramer on NYX - Stock Picks), a stock he owns for his charitable trust, Action Alerts PLUS.

This last year the stock has traded worse than any other stock he has ever seen in his 26 years of trading, Cramer said. When all other stocks went up, this one went down and the most frustrating thing about it was his thesis for owning it was entirely intact the entire time.

It wasn't going down because he was wrong about the company, he said. "It was just going down."

Now that NYX is nearly back to where it was when he recommended it at the beginning of the year, Cramer said he's sure many investors are ready to give up and sell it. However, he advised not to quit now.

"Even though you hate owning it, nothing fundamental has changed for the company underneath, it," Cramer said of NYX. Not only is the company intact, he said, but its estimates have continually increased and it keeps beating them.

It would be foolish to walk away from NYX now, especially because the fundamentals are better than they were at the beginning of the year, he said.

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