Cramer on the STOP TRADING segment on CNBC thinks there are a lot of changes going on at Time Warner (TWX) with the impending sale of some of the company's magazines that was announced today. Looking at the company from the perspective of its cable assets, he thinks that is worth $24.00; the magazine division was a negative. He has been negative on TWX, but right now Cramer is saying BUY TWX. He thinks it could go to $21 or $22.
Cramer also thinks New York Times (NYT) is good since they are selling broadcasting assets. He thinks they can turn the assets over. He also said he likes that Tribune (TRB) is breaking itself up. He said the new management team that was dumb and is getting smarter.
When asked about Gap Inc (GPS), Cramer said to resist buying the Gap.
Cramer recommends: Buy Time Warner (TWX)
Posted Sep 13th 2006 2:54PM by Jon Ogg
Filed under: Analyst reports, Good news, Live coverage, Television, Newspapers, Magazines, Internet, Time Warner (TWX)
Closing Bell: Economic Catapult for Thanksgiving & Black Friday (WMT, TGT, GRMN, GOOG, MSFT)
Deere up on Q4 earnings performance
Reid Hoffman: LinkedIn will go public (at some point)
Reader Comments (Page 1 of 1)
9-14-2006 @ 11:33AM
william markelon said...
i love your show and your expert opions and advice.thankyou.william markelon.
9-21-2006 @ 8:34AM
Michael Schneider said...
It's good to see Jim Cramer come along on media stocks after being down on them for some time. He only mentioned a few stocks but there are many that have been out of favor. The recent troubles at Yahoo and downturn in Internet ad expenditures and slowing economy may trip up some of the media plays temporaily though.