Viewers of Jim Cramer’s “Mad Money” show on CNBC know that he has been belittling Vonage, even going as far as to bring a toy dog onto the set and have a barking sound, implying that the company is not a good stock.
Now, Vonage is retaliating against Cramer, according to this story.
Marguerite Reardon of CNET News wrote, “The public berating from the media, especially Cramer, likely didn’t help Vonage’s stock price either. Cramer even brought a puppy on his show last week and hung a sign around its neck that said ‘Vonage.’ If that weren’t enough, he then hit a button that played a barking dog sound.
“Despite these public floggings, [CEO Mike] Snyder said Cramer doesn’t worry him.
“‘I don’t think Jim Cramer has had an effect on our stock,’ he said. ‘Nobody here at the company is looking at this as anything other than noise…The stock is down. We’d like it to be up, but the whole market is down. It’s out of our control.'”