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Cramer Hosts Verizon's Seidenberg, Our Top CEO of 2007 (VZ, T, TWC, CMCSA, CMCSK)
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Jim Cramer is set to host the CEO of Verizon (NYSE: VZ) Ivan Seidenberg on tonight’s MAD MONEY on CNBC. If you are wondering why we are previewing a preview for Cramer it’s a simple answer: a673b.bigscoots-temp.com reviewed many great CEO’s and many that weren’t so great, and Ivan Seidenberg was the CEO that we named as our "2007 CEO of the Year." You can read our full logic behind it and why he won over other nimble and able telecom and industrial CEO’s whose stocks showed a strong year.
Jim Cramer has been a Verizon & AT&T (NYSE:T) backer for some time, and if you have looked at cable stocks lately you’d know why Telecom is kicking you what. Comcast (NASDAQ:CMCSA) (NASDAQ:CMCSK) has already admitted many problems and how it has started seeing more pressure, and Time Warner Cable (NYSE:TWC) is also trading a few percentage points above its 52-week lows.
Cramer said today readily prefers Verizon over Comcast now. A reason he prefers Verizon over Comcast (or telecom over cable) is that the market is just too volatile to not have that dividend (nearly 4% today). That’s on top of the fact that telecoms are winning back cable subscribers now with the fiber-to-the-home initiatives that allow them to offer better high-speed data than before along with digital television packages.
It would probably take a lot for Cramer not to be outright positive on Verizon (NYS:VZ) tonight, as we are pretty sure that there won’t be that much negative happening besides the credit quality of customers being less than it had been before. After the company announced it would open up its network to outside phones, the platform neutral model looks like a winner.
You can join our own open email distribution list to receive updates once or twice per week to receive information about spin-offs, restructurings, merger-arb spreads, recapitalizations, and back door plays into upcoming IPO’s.
Jon C. Ogg
December 18, 2007
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