Tonight on Cramer’s MAD MONEY on CNBC, Cramer said that Tyco International (TYC) is one that needed to be broken-up. He thinks that the combined operation work against each other and Tyco has not been a bullish conglomerate and it is worth a lot more than the conglomerized company. We have noted the break-up several times that is upcoming; here is our note from last week regarding the formal filings.
Cramer said he thinks these parts used to be good companies on their owns and the sum of the parts will be more than now. The healthcare and electronics are coming in Q2. This could be worth 10% more to 30% more after it is all split-up by his line of thinking and he gave comparables to compare multiples to come up with these numbers.
Jon C. Ogg
January 23, 2007
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