This column was originally published on RealMoney on Sept. 21at 11:33 a.m. EDT. It's being republished as a bonus for TheStreet.com readers.
Two down, 10 up. That's my risk/reward coming out of this
The deals with the Chandlers get down. The Geffen-Broad-Burkle-Katzenberg team buys the
Los Angeles Times
. Heaven's sake, they are richer than the Tribune Corp. for certain. Eli Broad sits in on the editorial meetings right now at the
. He will lead. The others will buy with him. The Tribune board, which is deciding on this stuff tomorrow, knows that the Broad group will go hostile if not obeyed.
Further, the Cubs get spun off. Mark Cuban has already told people he will pay "any price" to purchase the Cubs. He, too, is richer than the Tribune Corp.
You have good dividend support.
perfect stock for the tape. It is Knight Ridder at $50.
Now you see why two down and 10 up.
Still trying to get my arms around this
move. I know there is a lot of fat in the generic pricing. The bulls' thesis on the PBMs is all about Part D of Medicare and the vast numbers of generics out there. Might actually be something to the negativity.
At the time of publication, Cramer had no positions in stocks mentioned.
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