TheStreet.com RealMoney

Buyers Get the Shaft

By Jim Cramer

 About this article:
 Hubris: Nordic American doing an "opportunistic" deal to buy more ships. It's just that what's "opportunistic" is the way it's bagging shareholders who believed and paid in the mid-$30s for stock. Hubris: Fortress Investment Group doing a deal here, pimping the short squeeze up and not providing any value at all. Is Blackstone next? Hubris: MGM -- if we had known it was that dire, would we have ever taken it up to where it went? The disclosure is so suspect. Sometimes the buyers have to stand up to the syndicate desks and go on strike. Sometimes they have to do what they did to Ford and say, "No, not here," which is what actually happened. We have a ton of patsy buyers here and they don't seem to recognize that they are fodder for managements that are either desperate or so opportunistic as to...

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