Nxp Semiconductors N.V. (NXPI)

[Santa Barbara Broker]

In all fairness, the market as a whole corrected a couple times since his recommendation as markets are prone to do. Blaming every stock decline on Cramer when it falls is about as fair as Obama's critics blaming him for everything in the world that has gone wrong in the last few hundred years. First, Cramer is not a promoter of NXPI as a trade, he is a long term holder in which case an occasional pullback is irrelevant as anything but another buying opportunity. Secondly, whether you use the metrics of earnings, forward P/E or M&A valuations in the industry, NXPI is dirt cheap even at $103...which makes it a screaming bargain long term at $84. Third, if you were taking that recommendation on NXP as a trade (and he initially made it in the low to mid 90s as I recall, not $103), then it should probably have been sold on any 10-11% quick gain anyway.

SBB