But then there's Groupon, another Internet company that's totally lost its way. The company has seen a dramatic deceleration of its core business and is desperately seeking to expand into more traditional retail to stem its losses. Cramer said that Groupon's business model is clearly broken and the thrill of online coupons is over.
Cramer said he would be a buyer of Google, even at these levels. As for Groupon, Cramer said the nicest thing he could say is that it's still too early to buy.
And in Closing...
In his closing comments, Cramer spoke about a few stocks of which he's often asked @JimCramer on Twitter. He said investors should not be buying Nokia (NOK) but should be buying Sprint Nextel (S) and Apple (AAPL), an Action Alerts PLUS name.
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