Tuesday, August 22, 2006

Jim Cramer Comments Twice Today: RealMoney Radio And Stop Trading!

RealMoney Radio: Scratch the Surface
8/22/2006 2:12 PM EDT

If there is one stock that Cramer said he gets asked about the most, it's Sirius Satellite Radio (SIRI - news - Cramer's Take). A couple of months ago, CIBC called a bottom in XM Satellite Radio (XMSR - news - Cramer's Take) and that's when Cramer said Sirius Radio CEO Mel Karmazin should make a deal and buy XM Radio right then and there. Sirius Radio and XM Radio "are at war," as the two try to undercut each other in a pricing war, he said. "They have to stop," Cramer said. "And the window for Mel to act is getting smaller." He believes this because Robert Peck, whom he considers the No. 1 analyst in this group, said XM Radio's problems are going away, and the stock is going higher. Once XM Radio, which was recently at $12.90, gets to $16 or $17, it's going to be too big for Sirius Radio to manage, Cramer said.
Karmazin needs to make a move now in order to stop competition, otherwise nobody's going to make any money, he said. Link: HERE

Jim Cramer Stop Trading! Sirius Moonlight
8/22/2006 3:50 PM EDT

Sirius (SIRI - news - Cramer's Take) CEO Mel Karmazin is running out of time to make a deal for rival XM Satellite (XMSR - news - Cramer's Take), Jim Cramer said on CNBC's Stop Trading! segment Tuesday. Cramer has advocated that Sirius take advantage of the steep plunge in XM stock this summer to buy its struggling rival. But a 20% surge in XM stock off a Bear Stearns upgrade Tuesday morning had Cramer saying "the window is closing on Mel." Cramer said he believes XM shares, up $2.16 Tuesday at $13.40, could soon fetch $17. At that price the deal could be too rich, Cramer said. Link: HERE

8/22/2006 02:32:00 PM

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