Level Three Finally Plays to Its Potential

Its stock rises on the Broadwing deal, more proof the broadband promise is being realized.
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This column was originally published on RealMoney on Oct. 17 at 10:50 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.

You don't see deals where the acquirer goes up very often. Makes you sit up and take notice. The

Level 3

(LVLT)

and

Broadwing

(BWNG)

deal is one where you have to sit up and take notice.

Level Three sees the future. The future is more YouTubes. The future is more Facebooks and My Spaces. We are finally where we need bandwidth by the boatload.

LVLT is really the only survivor from the go-go days. It knows how to handle debt, which is the big worry on the LVLT front. If it can make acquisitions where it issues stock and you have the stock go higher, it is a stock would be greeted with cheers if it keeps going up and

then

offers more stock to clean yo the balance sheet.

Watch this stock. It is my favorite spec because it is

the

way to play the expansion of the Web. (I am getting push back even from that.)

The stock should be getting hammered.

It isn't. Enough said.

At the time of publication, Cramer had no positions in stocks mentioned.

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