TheStreet.com: Wall Street Likes It (Sort Of). Pray for Cramer's Health and Success
Analysts seem mildly excited about thestreet.com's "strong advertising revenue," but they aren't jumping up and down about its valuation. Meanwhile, no one is talking about the biggest single risk-factor at any one company since Martha Stewart Living Omnimedia.
No offense to a lot of talented folks who write for thestreet.com, but most of the company's market capitalization is due to Jim Cramer. Leaving aside the hit-by-a-bus risk, there are some even more specific risks in play here. Brilliant though Jim is, he's also demonstrated a tendency to come close to blowing himself up. Even if he manages to keep himself under control, moreover, the success chart of most popular stock-picking gurus usually resembles that of a typical momentum stock: years of fantastic gains, followed by a horrific crash. Perhaps Cramer's charm will insulate him from this fate. More likely, it won't.
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