Wednesday, August 02, 2006

What Cramer Said Today on RealMoney Radio

RealMoney Radio: P&G Protection
8/2/2006 2:06 PM EDT

Cramer said that if he could talk to one CEO right now, it would be Sirius Satellite Radio's (SIRI - commentary - Cramer's Take) Mel Karmazin. It's time for Sirius Satellite to make a bid for XM Satellite Radio (XMSR - commentary - Cramer's Take), he said. The two companies are paying too much money competing against one another and Cramer believes merging the two would allow Sirius to raise its prices, dictate its auto prices, and get into retail with a vengeance. In addition, he said Sirius Satellite should move now, before XM Satellite becomes stronger and gets competitive again. If they go through with the merger right now, Cramer predicted Sirius will go from $4 to $8, he said....Read more: HERE