Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

MAD MONEY FEATURES

Podcasts PODCASTS
Watch the Lightning Round whenever and wherever you want.




Widget OFFICIAL MAD MONEY WIDGET
Grab this all-in-one application and get recaps of the show sent right to your desktop or blog.




Soundboard CRAMERS SOUNDBOARD
Admit it: You've always wanted to hit the "They
know nothing!" button. Here’s your chance.




Mad Money PhotosCHECK OUT OUR PHOTOS
Check out Cramer on set, back to school, behind the scenes and more.




ShopSHOP FOR MAD MERCHANDISE
Buy Cramer books, bobbleheads and other Mad Money merchandise.




Ringtones RING TONES
Pick up the phone! It's Cramer! New Mad Money sounds for your cell phone.




Mobile AlertTEXT MESSAGE ALERT
Mad Money's mobile. Get show highlights sent to your phone.







Text Size
May.09
3:28 PM ET


Citigroup, AIG and Circuit City. Three of the worst companies America has to offer, at least that’s how Jim Cramer sees it. Speaking on his regular Stop Trading! appearance Friday, Cramer could hardly contain his amazement at just how appalling these stocks have become.

Citigroup [C  Loading...      ()   ] is “so bad” that even if it fired 200,000 employees it still wouldn’t be worth owning, he said.

But it's AIG [AIG  Loading...      ()   ] that takes the cake. The world’s biggest insurer has become a “travesty,” according to Cramer. “I believe nothing it says.” The company took a net loss of $8 billion Thursday and said it needs to raise $12.5 billion in capital and could face more writedowns ahead.

Then on the flipside there’s JPMorgan Chase [JPM  Loading...      ()   ], which Cramer believes is one of the few financials worth owning here. And has anyone noticed that while all these other companies have been issuing stock, Goldman Sachs [GS  Loading...      ()   ] has been buying it back? It’s an issue of proficiency, as far as Cramer is concerned. Companies like JPMorgan and Goldman are simply better and what they do.

Cramer had nothing good to say about Circuit City [CC  Loading...      ()   ], either. The electronics retailer announced it will open its books to Blockbuster [BBI  Loading...      ()   ], its potential acquirer, but Cramer thinks the acquisition is ill-advised. There’s “no there, there,” he said of CC. The company is on life support and he doesn’t understand why Blockbuster is interested in it. He said CC investors would be lucky to get out of the stock here at $5 and change.


Jim's charitable trust owns Goldman Sachs.

Questions for Cramer?

Questions, comments, suggestions for the Mad Money website?

© 2009 CNBC, Inc. All Rights Reserved

Tools:
PrintEmailAdd This share icon
Next Post
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 02:13:37 09 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:07:38 09 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 02:12:29 09 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:02:15 09 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters