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Back on October 23, 2006 investment guru Jim Cramer came out strongly against Bare Escentuals (NASDAQ: (GS) BARE). I pitted my opinion against Cramers and "let it ride". I've just finished doing a cursory check on Bare Escentuals to see how they have fared. Suffice it to say, I hope no one sold their BARE shares based on Cramers advice.
The chart attached herein shall provide the whole story. My words are really not needed. Besides, I'm just a dude living up here in the woods and making cabinet panels for a living. What could I possibly know about investing? Bare Escentuals just went public in September of this year. Their performance thus far appears healthy to me.
The two stocks that Cramer liked in place of Bare Escentuals were Allergan (NYSE: AGN) and Medicis Pharmaceutical (NYSE: MRX). I will concede to Cramer that those two stocks have moved upward also. My point here is small and simple: You don't need a television crew and a stable of financial analysts to pick a winner now and then. If you have good instincts and the willingness to do your own research, you too can pick some stocks which will pay you to own. To quote my bald headed nemesis: "Do your homework."
(Image courtesy of Norton Sales)
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Reader Comments (Page 1 of 1)
12-31-2006 @ 1:17PM
Trading Goddess said...
Thank you for the post. I am long BARE. Let's get BARE in 2007!!! LOL!
12-29-2006 @ 1:26PM
Kyle said...
Correct me if I'm not reading this chart correctly, but I believe that you are analysis is a bit off. On Oct 23rd BARE was trading at 31.47 per share. Today they are trading at 30.85 (with the trading day not yet over). This is a DECLINE of 1.97% from Oct 23rd in about 10-weeks. Compared to the DJIA performance during this time frame of +3.197%, and the S&P 500 of +3.38% I would say that this stock it doing fairly poorly. If BARE's performance continued like this for a full year it would equal an annual loss of 10.24%. Judging from all three of these stocks listed, I would say that this is not a great performing area of the market in the last 10-weeks.
12-29-2006 @ 1:27PM
Gary Anderson said...
Jim Cramer has clearly lost his touch. I'll grant that he used to be a darn good stock picker. It ended about the time his television show started. Maybe too much pressure to produce winners....maybe too much time being a celebrity and not enough doing what he used to. Some of his REAL "clunkers"....URBN and BKHM!