Cramer's 'Mad Money' Recap: Tired of Waiting on XM-Sirius
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"There's a gross miscarriage of justice going on in Congress right now that just makes absolutely no sense," Jim Cramer told viewers of his "Mad Money" TV show Monday.
He was referring to the now year-old merger attempt of Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) that's been under review by the Department of Justice and Federal Communications Commission.Cramer has taken issue with the fact that the Sirius/XM merger has now taken longer than both the merger of Exxon Mobil (XOM) and Whirlpool (WHR) with Maytag. Despite four hearings on the matter, Congress is no closer to a decision on the matter.
A Big Deal in Developing Countries"Wireless telecom in the developing world is a big moneymaker," according to Cramer. His recommendation for playing this explosive growth market is Millicom International Cellular (MICC), a Luxembourg-based company that builds, develops and operates cellular networks in Central and South America, Africa and Asia. "Even without electricity, many people in the developing world have cell phones," Cramer noted. According to Cramer, MICC has access to potentially 151 million subscribers in Africa, 59 million in South America, 26 million in Central America and another 40 million in Asia. The company, he notes, does exceptionally well in the countries in which it operates by taking advantage of prepaid calling cards and billing by the second, as opposed to the minute, in order to make service more affordable to lower income individuals. He noted that in 2006, MICC grew its subscribers by 8.4 million, up 56% from the previous year. In the fourth quarter, sales were up 41% and the company announced a special dividend, making it an "ultra-pro shareholder company." Cramer said he's still a fan of America Movil (AMX), but says opportunities like MICC don't come along often and he doesn't want this one to get away.
XTO on the GoCramer welcomed Bob Simpson, chairman and CEO of XTO Energy (XTO), a stock that he owns for his charitable trust,
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