Cramer Endorses Motorola & Yahoo!, Sort Of (MOT, YHOO)
On tonight’s MAD MONEY on CNBC, Jim Cramer came out and said he is doing the unthinkable: He’s saying you can probably buy both Motorola Inc. (NYSE: MOT) and Yahoo! Inc. (NASDAQ:).
He says that you can’t believe in what the companies are currently doing because they have destroyed great brands and have destroyed shareholder value. His reason is simple for liking these, and that is that Carl Icahn is up the you know what of both boards at the companies.
He thinks that Motorola will do a break-up of some sort and he thinks that ultimately Yahoo! is going to have to capitulate in some fashion. We won’t bother with Cramer’s scenarios or suppositions because these have both been over-covered to death on Wall Street.
Jon C. Ogg
June 9, 2008