Cramer Quick Take: Facebook Managing for the Long Term
NEW YORK (TheStreet) -- With Facebook (FB) receiving a number of downgrades from analysts Thursday, Jim Cramer told Lindsey Bell at TheStreet.com that he's also not recommending the stock, but not for the same reasons.
Cramer said there's no doubt that Facebook is taking the Amazon.com (AMZN) approach to building the company, spending a ton of money to own the space they're in. That notion is scaring a certain segment of investors, said Cramer, and some near-sighted analysts as well.
But there's also another segment of investors, the growth investor, who can look through the short term and see what Facebook, and Amazon for that matter, will look like -- not in 2013, but in 2015. Those investors are here to stay, said Cramer, but in the meantime investors need to be cautious until all of the short-term guys have given up.
-- Written by Scott Rutt in Washington.
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