Cramer on MAD MONEY also said McGraw Hill (MHP) may be the only print media company to own. The other media decline in newspapers is Secular and will be ongoing and persistent, but MHP is diversified out of printing now. That makes it more appealing to any fund that wants print exposure. He said that with funds and Private Equity and billionares wanting to buy the New York Times (NYT), Tribune (TRB), and Dow Jones (DJ)….that means people should be buying MHP.
These buyers could get a better return buying MHP according to Cramer. MHP closed down 0.9% at $66.65, but rose to $67.23 after his touting; its 52-week trading range is $46.37 to $67.43. Cramer also pointed out that DJ & NYT aren’t really public companies because the dual class structure maes the non-public shares actually in control for the families that floated the common shares.
Well, he is going on more on this but this enough talking about this one.
Jon C. Ogg
November 30, 2006
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.