What do we do with this Consolidated Stores (CNS) - Get Report debacle? I would like to use this as a template about how we can do community to work for each other rather than just root for our faves or bash those who try to tell the truth, even if it is negative.
For those of you not following the trading, Consolidated is down 7 points today to 16. This is a real trashing. You may not know ConStores, but you might know its sub,
, from mall shopping. ConStores (as everyone knows it on Wall Street) is blaming slowing video game sales and higher shipping costs.
Here is my problem. As a father of an 8-year-old and a 5-year-old, I am constantly besieged by my kids' demands for
cartridges. (I hate Gameboy but it does help when we take trips somewhere. Still, it is the enemy of intelligence.) I go to
to buy them. I have seen no let-up whatever in sales of these. So Consolidated Stores' reasoning leaves me hollow. In fact, it makes no sense to me. And if the shipping costs are the problem, there is a whole lot of Net that has to be sold. I hadn't heard of this excuse, either.
Is ConStores blaming others for its own faults? Or are these legitimate reasons and I have just missed a couple of trends because of my own myopic approach? Am I being too anecdotal? What do you think? I would love it if
fabulous retail reporter, weighed in, too. You can ask her -- I can't because of the Chinese wall between me and
. Let's make some money here as members of a community. Send your thoughts, along with your full name and a note about whether you have a position in the stock, to
Lot of program buying in the tech world today. But there is also a terrific change in the bonds that seems to really get the longs barreling into stocks.
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