RealMoney Radio: Garmin Begrudged

Cramer says that the company missed big but won't explain why.
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One of the best ways to figure out what's going on at a company is by listening to its conference call, Jim Cramer said on his

"RealMoney" radio show Friday.

The

Garmin

(GRMN) - Get Report

conference call, however, was "a tough one," he said.

Cramer is cautious about telling people to buy it, because not only did the company miss its estimates, but also management failed to address why during the conference call.

While listening, the feeling Cramer got from management was that if people sold Garmin, they would miss out on making money. But there was no recognition that anything was awry, he said.

"I don't want to touch the stock until I figure out what happened here," Cramer said. "It was a real disappointment."

Electronic Arts

(ERTS)

should have been bought by

Viacom

(VIA) - Get Report

, because Viacom has to find a way to crack into video games, said Cramer.

But now Electronic Arts is too expensive, and the window for Viacom to buy the company has closed, he said.

A situation where the window has not closed yet, but will soon is the one

Sirius Satellite Radio

(SIRI) - Get Report

has to buy

XM Satellite Radio

(XMSR)

, Cramer said.

"This is the last chance for Sirius' CEO Mel Karmazin and the good people at Sirius to buy XM Radio," he said.

If the acquisition takes place, it will cut out the competition between the two companies, but the window is closing. Cramer said Karmazin should make his move.

To see the most recent edition of The RealMoney Radio Recap in its entirety, please click here. This recap is published every day around 3 p.m. ET.

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