Jim Cramer on tonight’s Mad Money on CNBC said that Discovery Holdings (DISCA-NASDAQ) is a broadcast company that is a winner in the cable arena. This could be bought, sold, cut up into pieces, and the like. This one is great on content creation because the shows have an almost endles shelf life. The ratings have been surging because of the "Planet Earth" series and because of others. He thinks this is a perfect play for the win in HD programming as well. It owns 2/3 in Discovery Communications and Pali Research gave a $25 break-up value to it. DISCA shares closed down 1% at $20.93 in regular trading, but shares rose 2.5% to $21.47 after Cramer made this discovery. Naturally, that’s trading at a new 52-week high in after-hours.
Jon C. Ogg
April 23, 2007
Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.
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