Wild man Cramer backs AOL again on TV show
The premiere of theStreet.com TV show was delayed
but here's some comments on it from his column "The Show Goes On".
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Then we went on to AT&T. I am long the darn
thing and think it trades like a dog, as one
municipality after another seems to adopt
AOL's (AOL:NYSE) open-access rap,
something that would make buying cable a
pretty stupid investment if it keeps winning.
And AT&T has bought a lot of cable. His
defense, thinking longer-term, didn't wash with
me, and, if Berko weren't thinking this could
be a big stock down the road, I would dump it.
We didn't give Ken enough time to defend
Xerox, other than to say that international
sales pessimism has created an opportunity
here as the stock's not cheap. I think at $55, I
would be a buyer.
Then Herb and I were broomed for a few
minutes, and Lashinsky faced off against Gary
B. for some knock-out TV. This is by far the
best segment in my judgment, as these two
guys showed clear conviction and articulated
the pros and cons fantastically.
First Chartman Gary B. tried to make a case
that AOL's chart says buy. All I can say is the
last two times I heard Gary B. talk about this
one, he nailed it and I was glad I was long.
Adam blasted AOL with the expensive
per-subscriber rap and the open-access boogie
man. Didn't shake me out of it.
(edit here)
Finally, Dave talked about how senseless and
stupid it is to try to follow what Fidelity is up
to, in this case with its AOL position, because
you really have no way of knowing that the firm
is really doing. We all agreed |
