Cramer On Satellite
April 9, 2007
Love him or hate him, Cramer always has an opinion. He spent months being down on satellite and speaking of a merger. He got his wish, but now feels the hurdles are too high.
What Cramer said:
XM Satellie Radio (XMSR - Cramer's Take - Stockpickr): "Very problematic. ... I wanted the two to merge, but the FCC [Federal Communications Commission] is making it very difficult. The hope for Sirius (SIRI - Cramer's Take - Stockpickr) is that XM goes bankrupt. ... The FCC and Congress have made this deal too difficult. I want to SellSellSell XM Satellite."
Labels: cramer, merger, sirius, xm
4/09/2007 09:56:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
SSG is not a Financial Advisor. Read Disclosure: HERE
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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
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
SSG is not a Financial Advisor. Read Disclosure: HERE
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Tuesday, February 06, 2007
Cramer Is Mad!
Cramer hits Sirius two nights in a row. Here's what was said...
Feb. 5: Sirius Satellite Radio (
SIRI): 'I've given up. I recommended this stock on the basis of takeover, which you should never do. I violated all my own rules ... the fundamentals don't support it.'
And here's why...
On Nov. 6, 2006, after a string of bearish calls on Sirius, Cramer had Mel on his show, turned the corner, and issued a "buy, buy. buy" on Sirius.
(In case you missed it, the link to the video replay is
Here)
Cramer's 'Mad Money' Recap: A Vote for Stocks
Next, Cramer evaluated Sirius (SIRI) and spoke with CEO Mel Karmazin. Karmazin said SIRI could be free cash-flow positive in 2007. Cramer: SIRI is going up, it's done treading water and is a Buy.
Then, in December of 2006, Sirius reduced their subscriber count from 6.3 million to 5.9 to 6.1 million, and Cramer got egg on his face and issued this commentary on his blog:
Jim Cramer Blog A Miss Is Still a Miss
So Sirius (SIRI) did do more than 6 million subs. So the lowered range was hit, and the stock could go up a few pennies.
Recall a month ago, when Sirius was at $4 and change because it was supposed to do 6.3 million subs. That's when Mel Karmazin lowered the boom and took the range to 5.9 million to 6.1 million. Today's announcement hits the midpoint.
Yes, Sirius was cash-flow positive. But you know what? It doesn't matter. A miss is a miss, even as you hit the new targets, and I don't think that Sirius can recover its momentum without a merger.
Bottom line: Cramer feels duped. He had Mel on his show, told his viewers to BUY Sirius. Shortly thereafter, Sirius announced disappointing subscriber numbers, Jim took the heat, and now, he's getting back.
Labels: cramer, merger, sirius
2/06/2007 06:34:00 AM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
SSG is not a Financial Advisor. Read Disclosure: HERE
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