This Day On The Street
Continue to site right-arrow
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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

10 Worst-Managed Companies of 2010

Janus Capital (JNS): This company's heyday is in the past, pre-Nasdaq bubble crash. It no longer appears to be on the radar of the biggest and best asset managers.The stock has dropped more than 20% in the last year. Unless someone takes over JNS, the company will continue to flounder.

Sharper Image: Bankrupt.

Pier One (PIR - Get Report): Pier One is on the comeback trail. Management is turning this company around, and I am removing Pier One from the list of worst-managed companies. It just goes to show you how good management can turn bad management around.

>>Who Owns Pier One?: Driehaus Capital

Class of 2007

Palm (PALM): Palm has become irrelevant after being insignificant for years. It gets an automatic pardon from this list not because of management turnaround but because Hewlett-Packard (HPQ) was stupid enough to buy it for $1.2 billion.

Circuit City: Bankrupt.

Charter Communications: Bankrupt.

Six Flags: Bankrupt.

Washington Mutual: Declared insolvent and seized by the FDIC. Washington Mutual is now a part of JPMorgan (JPM), which is doing a good job cleaning up the WaMu mess.

>>Also: 4 Safest Financial Stocks

Class of 2008

Macy's (M - Get Report): Last year I wrote that I saw some glimmers of hope for Macy's. A year later, I can say that management has made great strides in fixing up this company and managing through one of the worst consumer recessions in decades. I tip my hat to the turnaround that management has engineered. The stock has risen 20% and EPS has increased 37% in the last year. Macy's is officially removed from my worst-run companies list.

>>Also: 5 Retail Stocks Set for a Comeback

General Motors: Bankrupt and soon to re-emerge as a public company. Since Government Motors will come out of bankruptcy with a clean slate, the new GM is not the same as the old GM and hence is no longer on the list.

Time Warner (TWX - Get Report): Time Warner is still paying for the sins of its fathers, despite spinning off AOL (AOL). I see some minor improvement, but the company remains on this list. Over the past year, investors in Time Warner would have earned a total of about 6% from price appreciation plus dividends.

>>Also: Top-Rated Media Stocks

Class of 2009

Advanced Micro Devices (AMD - Get Report): After I put Advanced Micro Devices on my list, I received an email from management pleading its case for why the company is turning itself around. I was skeptical then and remain so now. Earnings have declined from 2009 to 2010 and will be flat to slightly higher in 2011. Still, the stock is up over 20% in the last year, outpacing its rival Intel (INTC), which has basically gone nowhere. I am sorry, Advanced Micro Devices; you gave it the college try but need to work harder to get a passing grade.

>>Also: 5 Tech Stocks for Your Portfolio

2 of 3

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
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

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
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
AA $14.78 -2.20%
AMD $3.10 0.65%
BA $150.84 -0.59%
M $63.75 0.27%
PIR $12.06 0.71%


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs