“It’s Been a Bust,” Says Jim Cramer About StubHub (STUB)

StubHub Holdings, Inc. (NYSE:STUB) is an online ticketing marketplace. Its shares closed a whopping 20.9% little yesterday, with media reports attributing the dip to the steadfast not providing its fourth-quarter guidance. Cramer discussed StubHub Holdings, Inc. (NYSE:STUB)’s determination successful item and successful the discourse of his twelvemonth of magical investing:

“As portion of that erstwhile twelvemonth of magical investing, companies came nationalist and they seemed interesting. But they tended to beryllium a small much risky than we thought. StubHub, CNBC, bully article, banal tanks 20%. As CEO says it’s not giving guidance for the existent quarter. Now, Warren Buffett didn’t springiness guidance either. . .this is what happens erstwhile you study an good quarter, you travel nationalist and you don’t truly person a large communicative to tell. And past you don’t springiness guidance close retired of the shoot. Now, I americium perfectly definite there’s worth present astatine immoderate point. It’s conscionable that, it’s been a bust and erstwhile you go a busted IPO, it’s precise hard to alteration the communicative truthful to speak. You tin work what the institution says and you think, wow, this is similar the top communicative ever told.”

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.