Anybody take a look at
stock lately? Nobody is saying this out loud -- so I guess I will -- but was this merger a bad idea?
Was this one of those cross-cultural, transcontinental marriages that wasn't meant to be? You have to wonder because the stock goes down every day and analysts are out there cutting numbers almost daily. In fact, I just listened to a voice mail this morning that cut sales for the second day in a row for the auto group and for Daimler-Chrysler in particular.
During the last few years we have seen a number of totally bummer mergers that nobody wants to talk about or admit. Check out these railroads, for example. Or that
thing. Oh, give back the fees on that one!
But nobody has said boo about these two automakers and the lack of value that their merger has created. Until now.
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at