Truly Epic Jim Cramer FAIL: upgraded Focus Media to 'BUY' today, hours later it was halted 60% down

[stockholmer]

http://www.thestreet.com/story/11318342/1/focus-media-holding-ltd-stock-upgraded-fmcn.html?cm_ven=RSSFeed

NEW YORK (TheStreet) -- Focus Media (Nasdaq:FMCN) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

Highlights from the ratings report include:
■ FMCN's very impressive revenue growth greatly exceeded the industry average of 19.2%. Since the same quarter one year prior, revenues leaped by 53.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
■ FMCN's debt-to-equity ratio is very low at 0.02 and is currently below that of the industry average, implying that there has been very successful management of debt levels. Along with this, the company maintains a quick ratio of 3.87, which clearly demonstrates the ability to cover short-term cash needs.
■ Compared to where it was a year ago today, the stock is now trading at a higher level, reflecting both the market's overall trend during that period and the fact that the company's earnings growth has been robust. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.

snip

Focus Media Holding Limited, a multi-platform digital media company, operates liquid crystal display (LCD) network using audiovisual digital displays in China. The company has a P/E ratio of 25.3, above the average media industry P/E ratio of 12.2 and above the S&P 500 P/E ratio of 17.7. Focus Media has a market cap of $3.5 billion and is part of the services sector and media industry. Shares are up 15.3% year to date as of the close of trading on Friday.

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and a few hours later.....................




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and the Republicans want to privatise Social Security into THIS market!!!???!!!

so much lose!

[marmar]

1. Why do people still listen to that discredited fraud Cramer?

nt

[guyton]

7. why isn't he in jail?

seriously ... after he bragged about manipulating Apple stock, why didn't they toss him in the slammer?

Oh wait, he's got the cell next door to Dick's for bragging about torture. I just keep forgetting what a great job our DOJ is doing investigating these hard-to-find felons.

[underpants]

2. Roll 212

[valerief]

3. Ah, but they see it as "so much to TAKE". nt

[grantcart]

4. lol he was just a few hours ahead of his time. Now its a pretty good buy.

[DefenseLawyer]

5. Get those brokers back in here!

Turn those machines back on!

[marmar]

6. Mortimer, your brother looks ill.

nt

[Fool Count]

8. Most probably that "upgrade" was issued specifically to let

someone sell a big chunk of shares into it. Obviously, it did not work, as nowadays no news, least of all a measly upgrade from Cramer,
would force investors to part with cash in favor of stocks.

[Turbineguy]

9. Hmmmm.... I seem to recall

getting a mailing about them from some pump 'n dump outfit.

[Jackpine Radical]

10. How many lemmings could he get to follow him over the cliff?

[jeff47]

11. There's a reason he makes his money on TV and not on his investments (nt)