This column was originally published on RealMoney on June 20 at 12:59 p.m. EDT. It's being republished as a bonus for TheStreet.com readers.
Amazing amount of damage done to stocks in the last few weeks. As I look among the wreckage, I am astonished by what names are still being hammered.
, for example. That stock keeps getting crushed. Over and over. It just can't lift. I've been buying
Action Alerts Plus.com.
The former has just gotten clobbered despite the firm's repeated attempts to tell the story of how well business is going. The latter is down a buck and a half since Art Samburg recommended it this weekend in
. If you didn't know any better, you would think this company is an energy
and not an energy producer with excellent prospects. Or how about
, another 52-week low that doesn't deserve the neighborhood? Or
, which guided
, yields almost 3% and is getting clobbered!!
Some of this stuff makes no sense whatsoever. Lots of stocks being punished endlessly for no good reason.
Who knows what could turn these around. But the idea that they are somehow doing badly because they are going down is just plain out and out wrong.
Bargains to me.
At the time of publication, Cramer was long Foster Wheeler and URS.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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