TheStreet.com Loses 85 Percent on Two-Year Investment in Promotions.com

Although TheStreet.com (TSM) peddles in investment advice, the company just announced they are taking an 85% loss on a two-year investment made in Promotions.com. Well, at least that’s consistent with Jim Cramer’s other mega-bombs such as CIT, YRCW, and BBY.

At what point is Cramer going to start including exit strategies with his picks? When that day comes, he will have earned back some genuine respect.

Disclosure: No positions in TSM.

Readers who liked this also enjoyed these posts:

Cramer’s Best Buy Earnings Recommendation Gets Crushed

Cramer: You Can Ride With YRC Worldwide (WSCS: If You Want to Go to Hades)

Cramer Buy Recommendation CIT Goes Bankrupt

More Articles About:   , ,  

More from The Cheat Sheet