Cramer’s SELL BLOCK (April 12, 2007)

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By Douglas A. McIntyre Published
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Stock Tickers: VG, JNJ, FBR

Tonight, Cramer ran through his weekly SELL BLOCK on CNBC’s Mad Money.  This is where he reviews past recommendations and shows where he was a champ or chump and where he recommends for you to still Buy, Sell, or Hold. 

Tonight, he first discussed the new Vonage (VG-NYSE) CEO aqfter Snyderwas replaced with Citron.  Cramer said Citron should not be allowed tobe a CEO because he was barred by the SEC in 2003 after being CEO ofDatek.

On J&J (JNJ-NYSE) Cramer said he had it wrong.  He said no one isbest of breed forever and he said it needs to go because its pipelineis anemic.  J&J’s #1 drug goes generic at the end of this year.Invega is going very poorly according to Cramer.

Friedman Billings Ramsey (FBR) is trying to make an IPO for its unit,and Cramer said you should sell both because they have problems.  FBRis spinning off its Capital Markets division and while he likes theirresearch, he said the math does not add up for a $243 million IPOcompared to others and compared to its parent company.  So much forthat weekend newsletter piece, because I was looking at some of thesame issues as a "Backdoor Play That Backdoors Future Investors."  Ohwell.

Jon C. Ogg
April 12, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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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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