Cramer Says Tata Overpaid (F, TTM)
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Price: $14.00 --0%
Rating Summary:
10 Buy, 24 Hold, 5 Sell
Rating Trend:
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Today's Overall Ratings:
Up: 3 | Down: 6 | New: 31
Rating Summary:
10 Buy, 24 Hold, 5 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 6 | New: 31
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On today's Stop Trading!, host Jim Cramer discussed Ford's (NYSE: F) sale of its Jaguar and Landrover brands to India's Tata Moters (NYSE: TTM).
As Cramer talked about several other stocks during today's Stop Trading!, he was strapped for time and put it as simply and quickly as possible: "Tata overpaid for Jag and Landrover." Cramer believes Tata was trying to "glam" up its company by acquiring these higher-end automakers, but feels the purchase was not worth the $2.3 billion it agreed upon.
Cramer called Ford "unfortunately" a U.S. auto play and pointed out that unlike General Motors (NYSE: GM), which has moved toward a focus on overseas markets, Ford still remains heavily exposed to the concerns surrounding the U.S. auto market. Keeping this in mind, Cramer told viewers that he likes Ford's preferred stock, but wouldn't touch its common stock.
Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. [BCS]
As Cramer talked about several other stocks during today's Stop Trading!, he was strapped for time and put it as simply and quickly as possible: "Tata overpaid for Jag and Landrover." Cramer believes Tata was trying to "glam" up its company by acquiring these higher-end automakers, but feels the purchase was not worth the $2.3 billion it agreed upon.
Cramer called Ford "unfortunately" a U.S. auto play and pointed out that unlike General Motors (NYSE: GM), which has moved toward a focus on overseas markets, Ford still remains heavily exposed to the concerns surrounding the U.S. auto market. Keeping this in mind, Cramer told viewers that he likes Ford's preferred stock, but wouldn't touch its common stock.
Ford Motor Company designs, develops, manufactures, and services cars and trucks worldwide. [BCS]
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