Comments on: Media Makes Schering-Plough Stock ‘Radioactive’

By: Interested Party

Interested Party — Wed, 03 Sep 2008 20:55:51 +0000

The negative press coverage is a result of the inexperience of the head of communications. Someone needs to take control of the situation and help this guy out.

By: Justice in Michigan

Justice in Michigan — Wed, 03 Sep 2008 17:29:50 +0000

Watch the clip if you haven’t. Cramer repeats that the reporting is all accurate, that Berenson is great, that, if he were Berenson, “I would do the same thing,” etc.

But there are just too many bad stories, in his view, for the drug to survive. The FDA will be forced to pull it. No mention of their pulling Zetia also.

It may or may not be a good investment, but the notion of FDA pulling it (unless there is more into “stocked away” (so to speak) somewhere, makes no sense to me.

By: Piper

Piper — Wed, 03 Sep 2008 17:06:40 +0000

Hell must be freezing over. I find myself in agreement with both Cramer and Condor today. Cramer is right that “the companies have not shown much dexterity in their handling of the problem” and Condor is also right to say that Cramer “is a side-show-tent freak”. He makes some horrible stock picks!

By: SP 2

SP 2 — Wed, 03 Sep 2008 15:58:06 +0000

Maybe God is simply angry with these bozos!

By: Former SP

Former SP — Wed, 03 Sep 2008 14:32:41 +0000

No, the actions of the top management team have made the stock “radioactive.” They have made mistake after mistake after mistake, guided by their over-whelming greed, and deserve what they get. Hopefully, justice will eventually be served, but here’s betting they slither out of it!

By: Condor

Condor — Wed, 03 Sep 2008 13:59:53 +0000

Cramer? The guy is a side-show-tent freak.

A carnie. A huckster. Nothing more.

Let’s review his history — just with Schering-Plough picks (forgetting ALL the other times he’s been wrong — about other stocks): at $26.30, he called it “cheap” — told people to “back up the truck” (Buy loads of the stock). And, his rationale? “Fred Hassan is my neighbor. I like him.”

At $22 — He called SGP a “screaming buy” — again said the press was wrong about the stock.

At $16 — “Time to Buy” (The stock did recover from here, but not for any of the reasons Cramer cited.)

Finally, now — at $18.90 — he sells. What? He had long ago said his trust bought a bunch at $26 and change.

Well — THAT’S a guy whose advice I’d want to follow. Not.

BTW, Huckman at CNBC has a good one — as does Matt Herper — yet ANOTHER great piece in Forbes this morning, on Vytorin study’s ethical “morass” — do take a look:

http://shearlingsplowed.blogspot.com/2008/09/vytorin-studys-ethical-morass-forbes.html

Cheers!

By: Matthew Holford

Matthew Holford — Wed, 03 Sep 2008 12:19:11 +0000

No doubt Jim Cramer is a financially successful guy, but I don’t think much of his due diligence! Bad press is the thing that made him bail out? Surely, if the companies were any good, then the stock would recover, or is it the case that he just think everybody else will be impacted by the bad press, and sell, whereupon his portfolio will suffer severe losses, which will not be recovered for some time; longer than he’s prepared to wait, in fact?

Thing is, if the companies have engaged in dubious activities to get their product sold, then it’s likely that that’s a modus operandi that it follows, regularly. And it’s a big “if,” because I haven’t looked at this story, at all, let alone in any depth. But I’ll bet you that Cramer has.

Matt