On today’s STOP TRADING segment on CNBC, Jim Cramer said he was wrong yesterday about Gap Inc (GPS) and said that it was Banana Republic, not Old Navy that was doing well.
In cable, Charter Communications (CHTR), Comcast (CMCSA), and Time Warner (TWC) that triple play and the potential collapse of Vonage is helping these for a very long-lived rally in the sector. He thinks they could double in valuations per subscriber from 5-years ago. TWC has fallen behind lately but he likes it. CHTR was at $2.80 and mispriced and is now way up from his recent features. Cramer said that Comcast shouild buy Charter Communications if you listened to the Brian Roberts conference call.
Rite Aid (RAD) is one that Cramer said the analysts are going to have to raise numbers and the stock is just buying time before it goes up to its next plateau. He even said the company has posted its "last" bad quarter and should be clear from here.
Jon C. Ogg
April 13, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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