What Cramer Said Today on RealMoney Radio
Cramer has been pushing for a merger between XMSR and Sirius. At these low price levels, maybe it's not a bad idea after all. The FCC wants interoperability, so in the near future, all devices manufactured will be able to carry both signals. If satellite TV can do it, perhaps satellite radio is not far behind.
RealMoney Radio Recap: Tech Release By TheStreet.com Staff7/20/2006 3:12 PM EDT (link)"An analyst downgraded Sirius Satellite Radio (
SIRI -
news -
Cramer's Take) today because of a supply chain risk, Cramer said.
The analyst also cut the valuation of the stock from $8 to $4.50 based on this.
Cramer said his assessment on the matter is that Sirius is better than XM Satellite Radio (
XMSR -
news -
Cramer's Take). Further, Cramer doesn't believe that there is any near-term catalyst that will move the stock.
But if XM Radio and Sirius merge, he believes it could be a home run. Otherwise, Cramer said, you are sitting on dead money as analysts run away from it."
7/20/2006 03:41:00 PM
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