Thread regarding Accenture layoffs

Cramer on Accenture Today

Take it with a grain of salt as he tends to be in bed with Comms Departments:

“Alright, now I gotta tell you, Accenture’s come down enough. It hit a 52-week low. I mean, how bad could it really be? It hit a 52-week low today. I don’t think it’s that bad. The only thing I would change is that when you do, when you put it in spell check, it always goes to CAN instead of ACN. But that’s not really their fault. I think that at 18 times earnings, I’m willing to pull the trigger, Accenture, and that’s the first time I’ve said that because I have really disliked the stock.”


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Post ID: @OP+1k5zchp3q

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ACN stocks will hit $225 during 4 th Quarter, inside scoop

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Post ID: @cc+1k5zchp3q

@OP

Here's why you should never pay attention to what Jim Cramer says:

His accuracy rate less than half times "somewhat" right, and that's influenced by what he says, as some stocks rose after a "buy" call (otherwise his failure rare would be higher).

His charitable trust portfolio reportedly delivered a 4.08% annualized return over a period of 17+ years, underperforming the S&P 500's 7.07%. So he underperforms the market, consistently.

He tends to be very bullish, making far more "buy" recommendations than "sell" recommendations, and his role as primarily an entertainer and salesman. Keyword is "salesman" - read between the lines, folks. ACN has been on a PR spree as of late, trying to reintroduce and sell the CEO. Plus, if they talk about other things, then people will forget the stronger and stronger layoff rumors.

I'd summarize it likes this: Cramer has been associated with some high-profile incorrect calls, such as recommending internet stocks shortly before the dot-com bubble burst in 2000 and advocating for Kohl's stock before a significant drop. Plus, the existence of an Inverse Cramer ETF (SJIM), which aims to do the opposite of his recommendations, reflects the sentiment that his advice can be unreliable.

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Post ID: @c9+1k5zchp3q

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