Cramer’s Israeli Satellite TV Play (RRST)

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On tonight’s MAD MONEY on CNBC, Jim Cramer discussed a company that he thinks would be immune from the dependence of the FOMC and Bernanke.  The company is Israel-based and it is doing satellite uplinks for many Arabic and Middle-Eastern television stations.  RRSat Global Communications (NASDAQ:RRST) only has a $300 million market cap, and he said don’t buy it yet.  Wait a week and only use a limit order.  He thinks this can grow in the satellite TV market and may reach a $1 Billion market ultimately.

Someone didn’t take his advice on after-hours buying because shares went up 5% to $19.50 after closing down 1.7% at $18.65 in normal trading on thin volume.

Jon C. Ogg
September 17, 2007