Monday, July 17, 2006

Cramer on Sirius & XMSR, Today's RealMoney Radio

I find it hard to believe that Sirius would bid for XMSR, but Cramer continues to mention it.

RealMoney Radio Recap: Practicing Patience By TheStreet.com Staff
7/14/2006 3:26 PM EDT

"Cramer said he believes that XM Satellite Radio (XMSR - news - Cramer's Take) will one day indeed get a takeover bid from Sirius Satellite Radio (SIRI - news - Cramer's Take).
While Sirius has accelerated its earnings growth and has met every aggressive target it has laid out for itself, XM Radio has also set aggressive targets, but has gotten hammered.
Although XM Radio's fundamentals are deteriorating, Cramer said at $12, because the stock is close to being rescued by Sirius, he doesn't believe people should let go of it yet."

link: HERE