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.
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