can't catch a break. Now he is probably worrying whether this
deal meets the same fate as his aborted
Ouch! Davis is totally, I mean totally, committed to doing what is right for shareholders. This deal seemed great (I have sold my stock but I still own calls) when it got announced. Now it is under attack as the ultimate in Wampum (see Fleck
transcript) and a dangerous overpay by the Spaniards.
As a critic of the first deal, I find myself rooting for this one, if only because I have gotten to know Davis and know that he wants to win big for his shareholders. That's what it is about for him.
I hope he gets his chance.
Random musings: So, a few seconds ago I shout out, "If
goes, who benefits?"
Matt "Profits" Jacobs
immediately shouts out, "Nobody, because they didn't sell much of anything." But
trumps him, "Only the shorts!"
James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Lycos calls. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at