In the April Action Alerts PLUS members' call, Jim Cramer went into depth discussing why the team decided to par back their Broadcom (AVGO) position. And in turn, generated over $50,000 for the Trust.
Why did they sell? "Because it had failed to buy Qualcomm (QCOM) , after the President himself got involved to stop it," says Cramer.
"Not that long ago, Broadcom's CEO, Hock Tan, was hailed as a hero for redomiciling the company, even by the President, to the United States from Asia.But, Qualcomm had more juice than Hock did and managed to kill a deal that we thought would have been terrific from both companies shareholders."
So listen in as he gives you the play-by-play on what they did, why they did it and how much they walked away with in the end.
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