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Media

Cramer Loves Cable Companies

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By Douglas A. McIntyre Published
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On today’s STOP TRADING segment on CNBC, Jim Cramer said he was wrong yesterday about Gap Inc (GPS) and said that it was Banana Republic, not Old Navy that was doing well.

In cable, Charter Communications (CHTR), Comcast (CMCSA), and Time Warner (TWC) that triple play and the potential collapse of Vonage is helping these for a very long-lived rally in the sector.  He thinks they could double in valuations per subscriber from 5-years ago.  TWC has fallen behind lately but he likes it.  CHTR was at $2.80 and mispriced and is now way up from his recent features.  Cramer said that Comcast shouild buy Charter Communications if you listened to the Brian Roberts conference call.

Rite Aid (RAD) is one that Cramer said the analysts are going to have to raise numbers and the stock is just buying time before it goes up to its next plateau.  He even said the company has posted its "last" bad quarter and should be clear from here. 

Jon C. Ogg
April 13, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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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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