
From Froth to Investible

By Jim Cramer
About this article:
Here's still one more version of a short-seller's nightmare. What happens when froth turns to investible? What happens when you see behavior that clearly indicates froth and then, somehow, the fundamentals change, and the stock takes off?
We have seen that recently in so many situations that it is pretty dazzling. It was one thing to see Genworth back from the dead on its own.
But then we had Regions, Zions, Huntington, KeyCorp and Fifth Third recover from their death beds. They all seemed frothy at the time. Now, however, they are "turnarounds," which, while one step above froth, has a ring of authenticity to it. Fifth Third, in particular, raised so much money that Goldman Sachs recommended it as a conservative regional. From zero to hero! Anti-froth!
Last week you got total revenge of the alleged froth. It started with AIG, which would have gone nowhere if...

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