FWIW, LVLT is Jim Cramer's "top speculative stock of the year":
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On the Level
Cramer's top speculative stock of the year is Level 3 Communications (LVLT) , a company that owns a broadband network and sells bandwidth.
Although LVLT has spiked more than 35% since Cramer first recommended it in September, that's OK, he said. In fact, he believes the stock has gotten even more attractive since then, scoring a YouTube contract and inking a deal with NBC, allowing the network to get highlights from all other Sunday football games.
Plus, on Thursday, Level 3 completed its acquisition of Broadwing, Cramer said. He called it a "big risk, big reward" speculative stock and said there is "more than an insignificant" chance that it might lose people money.
But he believes that "if you're gonna stay interested in stocks, you gotta take a few risks, and one of those risks is taking LVLT, even at its $6 level."
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