Cramer Says Viacom Has Fixed Its Stock

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By Douglas A. McIntyre Published
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Cramer first came onto CNBC’s MAD MONEY show discussing howto tell when a broken stock is on the mend: you need to something big. Viacom (VIA) is showing this by its 250 jobcuts yesterday. So Cramer is changing tobeing a Bull on Viacom. He said he wasthis way at $17 on Time Warner (TWX). VIAnow needs to focus on growing profits rather than revenues. Sumner Redstone is back according toCramer; and Cramer thinks that the will do another big buyback or that a private equity firm could swoop in and buy it. VIA 52-week range is $32.42 to$43.87, and it closed at $39.98; so at $40.55 after-hours this one has alreadyseen some of the worst behind it. VIA isstill under where it was when it split from CBS.

Jon C. Ogg
February 13, 2007

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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