Cramer on Stern, Talks Merger
Jim Cramer from Mad Money was on Howard Sterns show today.
They talked about the Merger between Sirius and XM.
Here are a few Highlights. More to come later.
Cramer said he has no clue why the merger is taking so long. He talked about some other companies to invest in and he also talked about going to Harvard and about him making 100 Million Dollars.
Cramer also said he has never seen the Government come together on an issue except for this merger.
He also made a future prediction that if the merger takes place and Howard is available in every car Satellite Radio subscriber numbers will Double.
Cramer:
‘When congress gets embarassed over the fact that there
were more hearings on this (xm sirius merger) then the iraq war, they
might get it’
Also, Cramer predicts the merger will be approved by June ‘08
We will see about that one.
More later.
Technorati Tags: sirius xm merger news, howard stern jim cramer, mad money, satellite radio merger, stern
UPDATE! From Howardstern.com
Jim Cramer stopped by to promote “Mad Money,” and
Howard thanked him for his public support of the Sirius/XM merger. Jim
said it was no favor; he believed the FCC was stalling their approval
and scrutinizing the deal more than any other merger in history. Howard
asked Jim if the delay might have something to do with his show, and
Jim agreed, noting the polarizing effect Howard has on legislators.
Howard asked Jim how he felt about the Superbowl, and Jim
noted all the Giants players who love his show, like Michael Strahan,
and said, “It was very difficult to not love last night’s game.” Jim
said he was “too visible” to bet on the game, so Artie gloated about
his own winnings. Howard wondered if Jim had any advice for Artie’s
winnings, and Jim cited “housing,” Hudson City Bank, and Black &
Decker as the hottest investments.
FROM RAGS TO “MAD MONEY”
noted that Jim made over $100 million on the stock market, leading Jim
to explain that he started with other people’s money and then, using
his 20% commission, made nine figures. Artie wanted some more advice,
so Jim recommended Disney, McDonalds, and (for Gary) holding on to
CitiGroup stock until it hits $40/share. To everyone’s amusement, Jim
also told Artie to avoid investing in CBS or any terrestrial radio
stations.
Jim revealed that he made his first million at 31 and $21 million
during his best year, adding that he started as a journalist before
playing the market, but his gambling debts led him to switch careers.
After returning to Harvard and earning a law degree, Jim interviewed
for positions with both Giuliani and Mitt Romney but was turned away. A
caller then asked Jim if he dated Erin, his “Mad Money” co-host, but
Jim denied it.
asked Jim if his marriage was still “hot,” so Jim admitted that he and
his wife of 20 years had recently separated. Howard thought it would
kill Jim to write the inevitable $50 million check, but Jim claimed
he’d be happy to hand over the money – it’s losing his home that hurts.
Jim then blamed his failed marriage on his dedication to work, adding
that he’s a terror to work for; “I follow the Stalin model.”
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