Diggings

A blog by Toby Dayton
Jim Cramer’s Mad Money Prognostication: Monster Is Up For Sale

Posted on Tuesday 17 April 2007 |

Send to a Friend:





Send to a friend:

I am not at all a fan of Jim Cramer’s Mad Money show on CNBC. In fact, I have to change the channel every night as soon as his show starts because I cannot stand listening to the guy for more than 5 seconds. His shtick is unbearable and his track record is horrendous. (According to Cramerwatch.org, his record is actually worse than a random flip of a coin). As I returned to my office tonight, however, I caught Cramer talking about Monster and had to listen. According to Cramer, Monster is currently up for sale and he begged and pleaded for Gannett to step up and buy the company. He believes that Gannett’s only hope of survival is to buy Monster. And if they don’t, his prediction is that Google will. If his past record is any indication, not only is Monster not for sale, Gannett’s stock will begin a massive run and should hit new highs within a month. We’ll see if Cramer can beat Leonard The Wonder Monkey on this one.

Tags: , , , , , , , , , , , ,


Related Posts:

    • No Related Post
  • http://blogs.jobdig.com/diggings/2007/04/18/daily-deals-david-shabelman-monster-is-most-likely-for-sale/ Daily Deal’s David Shabelman: Monster Is Most Likely For Sale » Diggings

    [...] I received an article from a colleague today that was probably the source for Jim Cramer’s musings last night on Mad Money that Monster is for sale (see my post from last night). The article was written by David Shabelman of the Daily Deal on April 13th.  In the article,  Shabelman  observes that in naming Sal Iannuzzi as CEO, replacing William Pastore, Monster is clearly on the block. Iannuzzi was President and CEO of Symbol Technologies when that company was sold to Motorola for $3.9 billion. Shabelman goes on to say that the likely suitors are Google, eBay, Yahoo!, and Careerbuilder (Cramer added Gannett, seperate from Careerbuilder, to that list last night) and that the price tag could be as high as $7.4 billion or $60 per share and 19x projected ‘07 EBITDA. As further evidence that a deal is imminent, Shabelman cites the fact that recent regulatory filings include a board-approved bonus for outgoing CEO Pastore that included provisions for continued employment, so something dramatic has occurred in the last 2 weeks. No matter what happens in the coming months, there is no question that the already choppy waters in the employment classifieds space are getting even more turbulent. [...]

  • http://www.stocktagger.com John Singer

    His record can be measured in other ways too. For example, Jim Cramer speculated that 155 stocks could be takeover targets but only 3.2% were actually taken over in on of the most active buyout markets of all time: http://www.stocktagger.com/2007/05/jim-cramer-takeover-targets-performance.html