Cramer's Show: Can't stop mentioning Sirius!
June 28, 2006
Aaron Task, co-executive editor of TheStreet.com, is filling in for Cramer this week. Although his comments are basically innocuous this time, I find it amazing that they dedicate so much air time to one stock!
"RealMoney Radio Recap: Bigger Is Better6/27/2006 5:32 PM EDT
Not Fun in the Summertime
Task asked Gabrielski how he was dealing with the current market environment.
It hasn't been easy, Gabrielski said. In general, the key to speculating is finding companies that are profitable, because then you have a downside valuation target. Investors can then value the company on something, he said.
For example Sirius Satellite Radio (SIRI:Nasdaq) is not profitable, Gabrielski said. "So subscriber growth is not a good valuation model?" Task asked. It's a good data point in an up market, but you have to adjust your strategy in a sour market, Gabrielski replied. "
6/27/2006 08:16:00 PM
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