Cramer At It Again (Really, this is getting ridiculous!)
Jim Cramer is totally obsessed with Satellite Radio (like a jilted lover). He actually mentioned SIRI and XMSR twice today!
Here's what he said on Action Alerts PLUS:Sirius: One Mel of a StockBy
Jim Cramer7/6/2006 RealMoney on July 6 at 9:45 a.m. EDT.
Mel's better than XM (XMSR) . Period. Does that mean that Sirius' (SIRI) stock is better than XM's? Not unless they merge. I continue to think that the key to this industry is to have one player. The way that XM is going it will be possible that Sirius does buy XM, but it is also possible that XM could simply diminish in size -- think AOL! -- and Mel wins anyway.
Notice I call Sirius "Mel." That's because when you think of it, before Sirius CEO Mel Karmazin got involved, the joke was all Sirius. XM had the momentum. It had the critical mass. It had the market cap. It looked like it had the better financials. All of that has changed since Mel got it.
Sure he paid up for talent. But that talent has delivered. And Mel has delivered.
As long as XM is out there bleeding, Mel's stock can't make a big move. But in three quarters if Mel keeps up and XM keeps blowing up, we will either get our merger, or XM will not be a factor that crimps the stock of Sirius. It is clear, already, that it does not crimp the Sirius business itself.
Here's what he said on his mid-day radio show:
RealMoney Radio: 7/6/2006 2:35 PM
"Cramer said he is alwys asked about Sirius Satellite Radio (SIRI) , a company that always delivers its numbers, when it doesn't beat them. But people are not going to make money with Sirius unless it merges with rival XM Satellite Radio (XMSR) , he said.
As XM Radio continues to perform badly and Sirius Satellite does well, Sirius will be able to buy XM Radio, he said. For now, he recommended holding Sirius, but not buying any more, unless the stock goes under $4, in which case he advised buying. (Sirius was recently at $4.56.)"
www.orbitcast.com has an interesting take on today's comments: "So either Cramer is smoking something, or he's looking for attention by waxing poetically about mergers, or perhaps - he just doesn't get it. You decide."
HERE is the link to the orbitcast post
7/06/2006 09:23:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
