On today’s STOP TRADING segment on CNBC, Cramer noted GE (GE) down 2.4% because of no more acquisitions today actually makes the stock more valuable. He said that there was talk they’d try to the biggest deal ever, but Immelt was stopping that talk today. Textron (TXT) and United Tech (UTX) are having a hard time getting premium multiples too.
On Citigroup (C), Cramer said that a 3% prfit growth lags in comparison and he likes others better. He thinks Citigroup is up on hype and he doesn’t want to chase it.
On Triad (TRI), he thinks there is no reason for a research call out of Deutsche Bank saying that there will be an LBO in it next week if there wasn’t a deal really brewing. TRI shares are up 5% at $42.50 on this today.
Jon C. Ogg
January 19, 2007
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