TheStreet.com (TSCM) Soars On Jim Cramer Leaving Radio Show
TheStreet.com (NASDAQ: TSCM - News) today announced that Jim Cramer will give up his syndicated radio show after tomorrow to focus on multimedia and TV production for TheStreet (NASDAQ: TSCM - News).
The news has the stock hopping today, almost as if it was recommended by, well, Jim Cramer.
The Street likes the news, too. Willam Morrison, an analyst with JMP Securities, wrote in a research note this morning that “the fact that Cramer is reallocating his time to improving TheStreet.com’s [video] offering underscores his commitment to the company and should ease any misguided apprehensions among investors about his commitment to TheStreet.com.”
Morrison also thinks that Street concerns that the company will show a sequential decline in page views in the fourth quarter is mistaken: he asserts that page views were up 20% in November from October, and up 70% from November 2005.
The news has the stock hopping today, almost as if it was recommended by, well, Jim Cramer.
The Street likes the news, too. Willam Morrison, an analyst with JMP Securities, wrote in a research note this morning that “the fact that Cramer is reallocating his time to improving TheStreet.com’s [video] offering underscores his commitment to the company and should ease any misguided apprehensions among investors about his commitment to TheStreet.com.”
Morrison also thinks that Street concerns that the company will show a sequential decline in page views in the fourth quarter is mistaken: he asserts that page views were up 20% in November from October, and up 70% from November 2005.
Labels: Jim Cramer, Mad Money, TheStreet.com, TSCM
posted by Stock Administrator @ 7:42 PM
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