TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS Charitable Trust Portfolio, said on CNBC's "Cramer's Mad Dash" segment, that CBS is in a good position to negotiate. UBS upped its CBS recommendation to a buy from a sell, pointing to improvements in CBS' business, noted Cramer.
"This indicates they (CBS) have the upper hand in any negotiations," Cramer said.
"You have UBS raising numbers at CBS. I thought these networks were dead. You never hear anyone talking about ABC and Disney. Is it possible that these stocks are undervalued?" Cramer asked.
At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.