The Guys Clash Over Standard Pacific.. 1-800-Flowers

When CNBC Contributor and Senior MarketWatch columnist Herb Greenberg is in the house – expect a “Street Fight.”

Of course, Herb and the guys are friends – but they’re also what you might call competitive. And nothing brings Herb more satisfaction than attempting to take the traders down.

Round 1: Pete Najarian

First, Herb takes aim at The Pit Boss because he recommended homebuilder Standard Pacific (SPF) on May 22^nd. At the time Pete said “If you take a look at the options in Standard Pacific today you will see absolutely what I'm talking about…(traders) were buying the June 22, the June 25, and the July 25 and that signaled to me that people think we are near a bottom in housing.

Herb says Thursday’s housing data was fallacious and options traders have been known to be wrong and speculative. And when you look at the housing group and SPF in particular - how can this stock rise anytime soon?

Pete Najarian shoots back “Look at some of the building they do…. The luxury builders have a great niche for themselves and they have some safety because of that.”

Dylan gives round #1 to Herb.

Round 2: Jeff Macke

Next Herb rips The Lone Wolf because on May 11th he recommended buying 1-800-Flowers.com (FLWS). At the time The Lone Wolf said “This is a great opportunity for investors….I’m not betting against online retailers”

Today Herb says the story is organic growth - and at 1-800-Flowers it isn’t blooming. An average sale is up because of price increases, he says.

Jeff Macke says he likes a retailer that increases prices. Guy Adami adds the company showed 17% revenue growth last year and has a $533 million market cap.

Dylan Ratigan rules for the guys.

Round 3: Eric Bolling

Finally Herb lashes out at his arch-nemesis The Admiral because on May 10th he recommended selling JetBlue (JBLU). At the time Eric said “Get out of that stock if your long it now.”

Today Herb says the stock is under pressure but there’s a turnaround CEO in place, now. Herb adds that JetBlue isn’t at high risk because of oil. And, the bad news is in the stock!

Eric Bolling says for the last 3 months jet fuel prices have been increasing. Eric predicts when they report earnings on 7-26-07 they will blame higher fuel costs for missing estimates.

Dylan Ratigan rules for Eric.

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Trader disclosure: On May 24, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders:
Najarian Owns (JPM), (SPF), (MU, (EMC), (BIIB), (FITB); Bolling Owns (T), (DIS), (ICE), (NMX), Gold, Silver, Coffee, Sugar