The Sad State of Sears
Published: Tuesday, 10 Jul 2007 | 8:14 PM ET
Sears was down a big 10% today to $154.21. Cramer wanted to explain what he thinks it will take for the company to get back on track.
"The company has to start making some sales," he said. "It has to start selling some of this real estate.
"It's no longer an earnings story. It's become something you're going to have to hold for 18 months. I don't expect a lot of upside unless we see transactions.
"Am I disappointed? Extremely. Am I selling? No."
Questions for Cramer? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com
Cramer explains why he's sticking with Eddie Lampert despite today's drop.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.