Wednesday, February 21, 2007
Cramer Turns Positive On Satellite Radio In Wake Of Merger Announcement
Jim Cramer's Stop Trading! Buy Sirius
By TheStreet.com Staff, 2/21/2007 2:53 PM EST
The satellite-radio stocks are a screaming buy, Jim Cramer said Wednesday on CNBC's Stop Trading! segment.
Cramer said he prefers Sirius (SIRI - Cramer's Take - Stockpickr - Rating), but he believes XM (XMSR - Cramer's Take - Stockpickr - Rating) is also worth owning in the wake of Monday's $4.57 billion merger plan.
Cramer said he expects the Republican-controlled Federal Communications Commission to hold a "show trial" approving the deal, which Cramer said "would not pass muster" were the Democrats in control.
Cramer said a merger will allow the combined company to raise prices and to stop wasting money by bidding against each other for on-air talent. "I just think it's great," he said...read more:
hereLabels: cramer, siri, xm
2/21/2007 03:57:00 PM
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