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Wednesday, September 13, 2006

Cramer's STOP TRADING (Sept. 13, 2006)

Cramer was actually positive on Media Stocks like TWX, NYT, and TRB.

Jim Cramer on the STOP TRADING segment on CNBC around 2:45 PM EST actually went out with a positive recommendation on some of the media stocks, contradictory to his old stance.

He thinks there are a lot of changes going on at Time Warner (TWX) by them selling some of their underperforming magazines. On the cable front he thinks that is worth $24.00. He has been negative on TWX, but right now Cramer is saying BUY TWX. He thinks it could go to $21 or $22.

Cramer also thinks New York Times (NYT) is good since they are selling their broadcasting assets to focus on newspapers and on digital media. He thinks they can turn the assets over. He also said he likes that Tribune (TRB) is breaking itself up. He said the new management team that was dumb as a bag of hammers is getting smarter and learning.

Cramer on Gap Inc (GPS) said to resist buying the Gap.

Jon C. Ogg
September 13, 2006
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