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Jim Cramer had been negative on Dow Jones Company (DJ) until the January 31, 2007 mail segment of Mad Money. After Rupert Murdoch's proposed bid for the Dow Jones Company was announced, Cramer wrote this article for NY Times saying "Murdoch was willing to pay $74 a share more than a decade ago. Today, the company is more vulnerable, and he can get it for less." Before the article, on the May 31, 2007 lightning round, Cramer stated "I am telling you that, without a doubt, the younger Bancrofts right now are huddling about how to depose the trustee," and "This deal's going through, and that's my gift to you!"
1 comments:
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