This Day On The Street
Continue to site
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

Dumbest of Last Week's 5 Dumbest: We're Sick of Salmonella Sophists

NEW YORK ( TheStreet) -- The egg industry's attempt to pin its salmonella woes on consumers was deemed the dumbest thing on Wall Street this week by readers of TheStreet.

As of late Friday, almost 38% of the 238 readers that took our poll said they found blaming consumers' shoddy cooking techniques for the salmonella scare to be a weak attempt at deflecting responsibility.

A spokesperson for the United Egg Producers, a group that represents the nation's egg farmers, told USA Today that the consumers who reported being sick from the recalled eggs ended up that way because they had failed to prepare them properly.

"It may sound harsh, and I don't mean it to sound that way. But all the responsibility cannot be placed on the farmer," Krista Eberle, director of the United Egg Producers' Food Safety Programs, told USA Today. "Somewhere along the line, consumers have to be responsible for what they put in their bodies."

Almost 24% of voters said they think that the tech sector's failure to innovate was next dumbest thing this week. It seems that companies within the sector are just throwing around money instead of funding their own research and development.

Companies such as HP (HPQ - Get Report), Intel (INTC - Get Report), and IBM (IBM - Get Report) seem more eager to buy their innovation rather than developing it themselves. This method is among the most expensive and inefficient ways to grow a business.

Mediacom's (MCCC) rejection of its own CEO's buyout offer outraged 15% of voters. When Rocco Commisso, offered $245 million, or $6 per share, to purchase the remaining stock he doesn't already own and take the company private, the company board wouldn't accept.
1 of 2

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
INTC $29.85 -0.83%
HPQ $11.59 -1.02%
IBM $144.25 0.08%
AAPL $94.19 -1.04%
FB $118.06 0.54%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs