'Mad Money' Spotlight: Cramer Shames UAL
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UAL Corporation(UAUA Quote), parent company of United Airlines, has racked up a series of offenses at the helm of CEO Glenn Tilton: Poor execution. Plunging revenues. A drastic decline in share value.
These are but a few of the things that have finally put Tilton on Jim Cramer's "Wall of Shame."
Granted, the airline sector overall is in a tailspin, as the economy forces consumers to cut back on vacations and the swine-flu outbreak has scared others from travel. But shares of UAL have fallen 89% since it began trading in February, after a reorganization of the company. UAL opened trading earlier in the year at $35 a share. Now it goes for a mere $3.83.
In comparison, JetBlue(JBLU Quote) stock is down 65% and shares in Continental(CAL Quote) have declined 56% during the same period. ...
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