Cramer Cautionary on Gap and on Tanker Stocks

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By Douglas A. McIntyre Published
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On today’s STOP TRADING segment on CNBC, Cramer discussed Gap (GPS).  He said that is exciting of a potential deal, but the fundamentals are so aweful that they could be able to not sell anything.  Cramer would sell GPS shares after the 10% pop from Faber.

Cramer also doesn’t like many oil tanker names because dividends are suspect.  Nordic Ameican Tanker (NAT) has a 12% dividend, but Cramer thinks it is suspect at some point and these stocks could discount operations quickly if anything goes south.  Some of the companies have already signalled that the dividends could be cut and to wonder why the forward shipping rates are already coming down.

General Dynamics (GD) was noted positively by Cramer as it is up $2.74 today.  He thinks the company’s caution last month was just setting the bar low for itself.

It sounded like Cramer was going to discuss Yahoo!’s (YHOO) Mobile Search initiatives at CES tonight on MAD MONEY, so we’ll see if he does.

Jon C. Ogg
January 8, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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