, Jim Cramer said on
"Stop Trading!" segment Wednesday. Cramer said it has been "really hurt by the supplier" and that he sees it as a buy. It is "very rarely put on sale," he said, and investors should think long-term.
As for news about
XM Satellite Radio
Sirius Satellite Radio
, Cramer said that the merger is "going to be a powerhouse." However, he mentioned, investors have to be careful because it will have to refinance. When host Erin Burnett inquired if satellite radio will survive, Cramer said that the facts indicate that "people do like the product." "I am willing to speculate with Sirius," he said.
Next, Cramer touched on
. "XTO does a deal tonight," he predicted. He said the stock has fallen almost 40 points and that "for even a trade, I'd participate in the darn thing."
Moving on to
Hudson City Bancorp
, Cramer said that the reason this New Jersey-based bank doesn't have a lot of bad loans is that "New Jersey does not have a lot of bad loans." It "makes you put down a lot of money," he said, and it's hard to walk away from that.
At the time of publication, Cramer had no positions in stocks mentioned.
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