Cramer’s Israeli Satellite TV Play (RRST)
September 17, 2007 by Douglas A. McIntyreOn 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
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