Tonight on CNBC’s MAD MONEY, Jim Cramer is adding two more favorite stocks to his favorite foreign stocks list, and he is keying in on #5 and #3 tonight after calling CVRD (RIO) his #4 pick last night.
Cramer thinks the Fifth best name in foreign stocks is the next cable company to run is NTL Inc. (NTLI-NASDAQ). It hasn’t run at all with the other cables. This is with Charter Communications having run and the Dolans trying to buy Cablevision, plus TWX over $20 and Comcast over $40. This has enough growth to pay down its debt. It is rolling out its own Triple Play in the UK. This is a catch-up play in the sector. Virgin owns 10% of this company and the company has cleaned up its old crummy standalone image. It is changing its name to Virgin Media, and the name change will be just like saying TRUMP in the US. He thinks it has a price-floor as a bottom since some private equity firms bid approximately $27 per share that was denied in the past.
NTLI traded up 0.5% to $26.31 in normal trading, but shares rose almost 4% to $27.30 after he touted it in after-hours. NTLI’s 52-week high is $31.00 and its market cap is $8.6 Billion as of the close.
Jon C. Ogg
January 23, 2007
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