Stop Trading!: Hovnavian's Dividend Cut? Embarrassing.
Cramer can't understand how Hovnavian can tout its cash flows after reporting fourth-quarter numbers when the company canceled its preferred dividend to free up capital.
"To be proud of that is just downright embarrassing," he said during Stop Trading!.
And Hovnavian's talk of being bought by Toll Brothers ? Not going to happen, according to Cramer.
The Mad Money host had been doing some touting of his own, constantly saying that VF Corp. would make its quarterly expectations. But with the stock getting crushed, it wasn't until Wednesday afternoon when the retail outfit, which owns The North Face, Wrangler and others, affirmed its fourth-quarter outlookthat Cramer earned the right to boast.
"When it was at $68 today, I said, 'I'm going to have to start eating Erin [Burnett's] giraffe dress if I don't get this clothing and apparel story right."
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