mindspeed in same bus as sons?
cramer last night.
Telling readers once again "how to read Cramer-style," he pointed out a headline in the The Washington Post that read: "Internet Phone Start-Ups Look Past Low Prices."
The article said that hundreds of new companies have cropped up to sell service in the past couple of years, and that venture capitalists are pouring money into the industry, Cramer said.
"The article is telling you that millions are going to Internet phone companies to build infrastructure," Cramer said. If he had written the article, the headline would have read: "Hundreds of Millions of Dollars Pouring into VoIP... So Buy Mindspeed Technologies (MSPD:Nasdaq - commentary - research - Cramer's Take)."
Cramer believes this company will get a big share of the buildup because it makes processors and fiber to the premises, or FTTP, necessary for VoIP (voice over Internet protocol).
Mindspeed is involved in fiber to the premises, he said, a business that also includes Finisar (FNSR:Nasdaq - commentary - research - Cramer's Take), JDSU (JDSU:Nasdaq - commentary - research - Cramer's Take) and Broadwing (BWNG:Nasdaq - commentary - research - Cramer's Take) attractive.
This will be the next cheap, little optical company to make a move, he said.
Plus, the stock was down more than 10%, so Cramer believes that now is a good opportunity to buy. |
