Cramer's 'Stop Trading!': Sell Circuit City
Sell Circuit City (CC) - Get Report, Jim Cramer said on CNBC's "Stop Trading!" segment Friday.
"I gotta tell ya," Cramer said, "I think this is a company that is very close to being on life support." He said that
Blockbuster
( BBI), which has offered to buy Circuit City, "wrecked itself by being involved in this." Circuit City has no "raison d'etre," Cramer said.
Moving on to
Citigroup
(C) - Get Report
, Cramer said, "Who cares? It's so bad." He derided the company for continually firing employees and diluting its stock. He said he doesn't know which company he believes in less -- Citigroup or
AIG
(AIG) - Get Report
.
Cramer said Citigroup's performance has been subpar. "Were they on the right side of any trade?" he quipped. "Why do I have to own Citigroup when I can own
JPMorgan
(JPM) - Get Report
? ...
Goldman Sachs
(GS) - Get Report
hasn't issued a lot of stock," Cramer said, pointing out that the company has actually bought back stock.
At the time of publication, Cramer was long Goldman Sachs.
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