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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