Today Cramer was discussing Sarbanes-Oxley on his Wall Street Confidential video on TheStreet.com. Did I hear this right? Cramer says Sarbanes-Oxley is doing great things. He has actually been positive on the fairness and openness of SEC filings, information dissemination, and openness of the company books. So this comment may not be a surprise, even if most corporate officers hate SARBOX. Cramer said that IPO’s are now of lower quality because the pipe was emptied last year. He sees very little that he likes out of the 10-12 in the hopper. UA/CROX care less about SARBOX and he thinks SARBOX is doing great things. This is a barrier the SEC should always have had.
This appears to have been pre-recorded from before his back-to-school tour. Cramer notes that if you can’t afford the Sabanes-Oxley fees you probably shouldn’t be public anyway. There is a lot more and this segment wasn’t really about individual stock picks, hence the pre-recording.
Jon C. Ogg
Fenruary 9, 2007
Top Gaining Stocks
Top Losing Stocks