Cramer Says Yahoo! Needs Bankrate.com
Cramer last night on MAD MONEY said that the Yahoo! situation is still going to $22.00, but Cramer outlined a path so that Yahoo! could recover.
He said that Mr. Semel is clueless. He said that Yahoo! needs growth, not the 1% they posted. He said that Yahoo! needs to go acquire other companies. He said he will give a list of Internet companies he names over the next few days. He thinks that if these went to Yahoo! they would make more money.
Cramer said Bankrate.com (RATE) could jumpstart Yahoo!'s growth. He said it could easily be swallowed and assimilated. He said it would be just like IAC buying LendingTree. It has online publishing and print publishing and content. He said the market took 1/3 of the value off
Cramer will give another stock pick tomorrow other than RATE.
Cramer also like IAC/Interactive (IACI) in a call-in.
RATE closed up 0.2% at $30.11 in regular trading but rose to $31.00 after Cramer noted this.
Jon C. Ogg
He said that Mr. Semel is clueless. He said that Yahoo! needs growth, not the 1% they posted. He said that Yahoo! needs to go acquire other companies. He said he will give a list of Internet companies he names over the next few days. He thinks that if these went to Yahoo! they would make more money.
Cramer said Bankrate.com (RATE) could jumpstart Yahoo!'s growth. He said it could easily be swallowed and assimilated. He said it would be just like IAC buying LendingTree. It has online publishing and print publishing and content. He said the market took 1/3 of the value off
Cramer will give another stock pick tomorrow other than RATE.
Cramer also like IAC/Interactive (IACI) in a call-in.
RATE closed up 0.2% at $30.11 in regular trading but rose to $31.00 after Cramer noted this.
Jon C. Ogg
posted by douglas mcintyre at 4:31 AM
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