This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cramer's 'Mad Money' Recap: Go Picking Through the Rubble

When asked about his business, De La Vega noted that AT&T has more choices in devices than it has ever had before, with strong competitors from Apple (AAPL), Android and Windows Mobile. He said the company's new tiered pricing plans have expanded the smartphone market with lower price points for light data users.

De La Vega was also upbeat about AT&T's future, noting that since the failed merger, the company has executed well and has new services in the works that will be announced later this year.

Cramer continued his recommendation of AT&T, a stock with a juicy 5.2% dividend yield.

In the second "Executive Decision" segment, Cramer once again sat down with Dan Hesse, chairman and CEO of Sprint Nextel (S), a stock that's struggled since it began carrying the iPhone.

Hesse acknowledged that Sprint is paying a hefty upfront premium to carry the iPhone, but added that so far 44% of new activations have been new customers to Sprint. He said the decision to carry the iPhone was the right one, even with the high upfront costs.

Hesse also commented on the lack of visibility surrounding the shuttering of its Nextel network at the end of 2013. He said that operating the Nextel network is very expensive and Sprint will be competing aggressively to transition as many customers as possible to a similar push-to-talk service on its new next-generation network.

When asked about the company's financial position, Hesse said he understands investors' concerns that the company is investing too heavily and burning through its cash. He said Sprint wanted to invest as soon as possible in both the iPhone and its Network Vision LTE network, and ultimately chose to do so at the same time. That said, the company has also been able to successfully raise cash. Hesse said he doesn't feel the company is at any financial risk.

Finally, when asked whether Sprint may be interested in purchasing rival MetroPCS (PCS), Hesse responded with a "no comment."

Cramer said he's a believer in Sprint's turnaround efforts.
2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
EA $62.32 -1.63%
FOSL $40.57 -3.47%
S $3.58 -2.72%
T $38.64 -0.21%
VRTX $86.75 2.66%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs