Jim Cramer's Stop Trading! Countrywide-Merrill
Countrywide (CFC) is the "logical takeout" for Merrill Lynch (MER), Jim Cramer said Thursday on CNBC's "Stop Trading!" segment.
Cramer said "now is the time to strike" for Merrill, which just reported a solid quarter and said its buy of mortgage servicing firm First Franklin is working out. Cramer said Countrywide, which he called "the last man standing" in the hard-hit subprime mortgage business, could fetch $45 a share in a deal, up from a recent $38. Cramer wants to buy Schlumberger (SLB) ahead of Friday morning's earnings but might limit himself to buying call options. Cramer also wants to wait for Google (GOOG) to report its first-quarter earnings after the market closes Thursday before pulling the trigger.>To order reprints of this article, click here: ReprintsTheStreet Premium Services For Personal Service: 877-471-2967
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