Fast Money Misfires

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Sometimes a stock is hot and other time it just burns. Following are the Fast Money misfires.

Karen Finerman

On September 19th The Chairwoman made like “Sex & The City’s” Carrie Bradshaw and decided to go shopping for a shoe play. At the time she said, "Brown Shoe (BWS). Sounds boring, very mundane, but they don't have any debt."

Since then, shares of Brown Shoes have fallen 7% and that has Finerman fans giving her a Bronx cheer. Dave from Florida called in to say the pick was weak and asked how she plans to redeem herself.

Finerman says she still owns this stock because it trades for 10 times earnings, and she feels they have a solid balance sheet. She still sees opportunity in BWS.

Guy Adami

About 3 weeks ago, The Negotiator was bullish on a home parts manufacturer. At the time he said, "I think you can actually own Masco (MAS). There's a 3.75% dividend, you'd own it for that alone, and I think most of the bad news has already washed into this stock."

The bad news wasn't the only thing washed away. Shares of Masco went lower by 5% since the call.

Today Guy says the stock is still worth owning down to $22.50 because he thinks the valuations are fair.

Pete Najarian

On September 12th, The Pit Boss was excited about medical device maker, St. Jude (STJ). At the time he expected shares to go higher and said, (Options activity suggests to me that) somebody's putting on a bet that this company is no longer going to be St. Jude in the next couple of weeks."

But since that call, shares of St. Jude have fallen 4%breaking the heart of one Najarian fan - Phil from Texas who is irate.

Pete Najarian tells Phil he still likes STJ because he expects to see consolidation in the medical devices space. Pete says St. Jude’s is still a great play.

This Friday Jeff Macke gets a pass. Phew!

Symbol
Price
 
Change
%Change
SXRM
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MAS
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STJ
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Trader disclosure: On Sept. 28, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders: Macke Owns (JWN), (INTC), (EMC); Najarian Owns (KSS); Najarian Owns (GS) Options; Finerman Owns (GS); Finerman's Firm And Finerman Own (FLS), (KALU), Finerman's Firm Owns (JNJ), (KFT), (TGT), (WMT), (NMX), (NDAQ), (COP); Finerman's Firm Owns Daimler Chrysler; Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts