Jim Cramer’s Stop Trading
The banks behind funding the Clear Channel (CCU) deal are in trouble and are now backing away from the deal. There is no reason why they are doing so either with CCU outperforming other radio companies like Cumulus (CMLS) and CBS Radio. When talking about short pressure Cramer pointed to poor stock performance by Washington Mutual (WM) and Wachovia (WB).
Leave a Response
