Jim Cramer's Stop Trading! Cable Stocks on Fire - TheStreet

Jim Cramer's Stop Trading! Cable Stocks on Fire

Cramer says these shares have room to run.
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Cable stocks are on fire, Jim Cramer said Friday on

CNBC's

"Stop Trading!" segment.

Cramer said

Comcast's

(CMCSA) - Get Report

comments Thursday underline that valuations on its shares and

Time Warner's

(TWC)

and

Charter's

(CHTR) - Get Report

are too low.

Cramer said "people are beginning to realize" that the "pending collapse" of Internet voice provider

Vonage

(VG) - Get Report

will only help the cable companies. Cramer said the triple play of video, phone and Internet service is giving the cablers "sticky customers." All this means multiples on subscribers could double from where they were five years ago, Cramer said, sending shares sharply higher.

Cramer also said he expects

Rite Aid

(RAD) - Get Report

to hit $10 from its recent $6 and change, as analysts will have to raise their estimates next month when the company completes its purchase of the Brooks and Eckerd chains from Jean Coutu of Canada.

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

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