CNBC's Jim Cramer told investors they should pay attention to and scrutinize what CEOs say about their companies.
CNBC's Jim Cramer told investors they should pay attention to and scrutinize what CEOs say about their companies, especially when they say something even remotely negative.
Chief executives rarely admit when something is wrong, so when one actually preannounces a shortfall, Cramer suggests waiting at least 30 days before thinking about buying stock. At the same time, Cramer said he knows investors need to scrutinize everything CEOs say and take their commentary with a grain of salt. Although most will not flat out lie about their company, they are prone to giving misleading information. When listening to C-suite leaders, Cramer said, it's also important to note whether that person has a track record of being honest or deceptive.
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