AAP Exclusive: Cramer on Why They Sold Broadcom Shares

In the April Action Alerts PLUS members' call, Cramer talks about exactly why and how they sold shares of Broadcom. Watch now.
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In the April Action Alerts PLUS members' call, Jim Cramer went into depth discussing why the team decided to par back their Broadcom (AVGO) - Get Report position.  And in turn, generated over $50,000 for the Trust.

Why did they sell? "Because it had failed to buy Qualcomm (QCOM) - Get Report , 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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