Cramer came back out on Mad Money on CNBC noting that Investors Financial Trust (IFIN) was acquired by State Street (STT) for a 38% premium. As soon as the market opened Cramer thought DST Systems (DST-NYSE) would rise because they are competitor. It didn’t go up and it is unchanged, but Cramer thinks this is just wrong. He thinks it should be higher since IFIN was bought for that price. He thinks DST is underpriced and another could buy it up, so you should buy it first. At the same valuations, DST could be bought at $98.00, which is 36% above today. DST traded up 2% in after-hours to $73.50 after Cramer touted it; and that is a new 52-week high.
Jon C. Ogg
February 8, 2007
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