Today on "Mad Money," Jim Cramer discussed Time Warner Inc. (NYSE:TWX) and his Buy call from 8/23. He said then how he wouldn't even call it "Time Warner" until management began to focus on being a cable company and divested other businesses. As this seems to be what the company is doing, he said today that he will, indeed, call it "Time Warner" once again.
Cramer noted today that the two influential analysts from Bernstein and Morgan Stanley both upgraded the name and they are the ones that partially held it back. He said that cannot be coincidental, and both analysts were discussing the upcoming cable deals.
He said TWX is a straight shot going to $26, and you should get in it if you haven't.
TWX closed up 2.25% at $18.13, but traded up again over 2% to $18.55 after Cramer made his comments.
In a call-in just before discussing TWX, Cramer told a woman who sold Berkshire Hathaway Inc. (NYSE:BRK.A) to get back in, because he sees multiple years of good things coming from there.
Cramer says Time Warner going to $26
Posted Sep 25th 2006 7:30PM by Jon Ogg
Filed under: After the Bell, Analyst Upgrades and Downgrades, Time Warner (TWX), Berkshire Hathaway (BRK.A)
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Reader Comments (Page 1 of 1)
9-26-2006 @ 7:27PM
john hegler said...
I love this stock. With 2 billion in pending asset sales (Warner Telecom, AOL Europe and publishing titles), and quarterly cash flow of 1.5 billion and growing, it's conceivable that they could take care of the balance of their massive buyback program through the end of 2007 without incurring additional debt (or very little). Cramer may be a little low in his target of $26 for the stock.
JH