This column was originally published on RealMoney on Nov. 10. It's being republished as a bonus for TheStreet.com readers. For more information about subscribing to RealMoney, please click here.
People will chase
today. They always do. You can't resist.
It's a $2 stock. It just got
a big piece of business from
for set-top boxes.
No can do. I'm still daunted by the news of the
big refinancing of some of Conexant's debt.
I usually don't mind some debt. But this company's had the worst balance sheet for so long, and all that has happened is that its interest expense has gone up.
When I went out as bullish on this one when it got to one and change, I figured the risk reward was pretty good. Now we are right back to where it becomes problematic.
Don't get snookered. This company is simply
investible until that balance sheet is fixed. This big refinancing isn't the fix.
College students, listen up!
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At the time of publication, Cramer had no positions in any of the stocks mentioned in this column.
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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