Cramer Likes the Tyco Break-Up

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By Douglas A. McIntyre Updated Published
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Tonight on Cramer’s MAD MONEY on CNBC, Cramer said that Tyco International (TYC) is one that needed to be broken-up.  He thinks that the combined operation work against each other and Tyco has not been a bullish conglomerate and it is worth a lot more than the conglomerized company.  We have noted the break-up several times that is upcoming; here is our note from last week regarding the formal filings.

Cramer said he thinks these parts used to be good companies on their owns and the sum of the parts will be more than now.  The healthcare and electronics are coming in Q2.  This could be worth 10% more to 30% more after it is all split-up by his line of thinking and he gave comparables to compare multiples to come up with these numbers. 

Jon C. Ogg
January 23, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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