Monday, December 18, 2006

Cramer At the 92nd St Y: Has To Mention SIRI & XMSR

December 19, 2006

But Jim, What Do You Really Think? Mad-man Jim Cramer on hedge fund "predators," must-go CEOs, and more Jim Cramer is one of the hottest acts in cable news, mixing wild antics and stockpicking rants on his frenetic hour-long show, Mad Money. Cramer sat still for an interview with BusinessWeek Editor-in-Chief Stephen J. Adler as part of the Captains of Industry series at the 92nd Street Y in Manhattan. He talked about his days as an extremely successful hedge fund manager, revealed the inspiration behind his on-air persona, and, of course, shared his investing insights. Some excerpts:

...Now it's time for the Captains of Industry lightning round. First, Sirius Satellite Radio (SIRI ).If Mel Karmazin does not merge with XM (XM ), he will not make it. That company cannot stand alone… Sirius Satellite is not going to have a good quarter. I do not want to own that stock unless he calls XM and they get a merger...read more: here