Seagate Technology could be bought out by a Chinese tech firm, and Cramer isn’t surprised in the least.
“If [the Chinese] market continues at its pace, which is just beyond belief, you have to believe that some of those companies are going to want to buy some of our companies,” Cramer said on Stop Trading! today.
“It would not shock me to see the Seagates of the world handed over to China,” he said.
China’s search for acquisitions reminded Cramer of Japan in the late ‘80s. Initially, the U.S. resented all the buyouts, but the capital was too good to ignore.
Cramer also called France’s change under President Nicolas Sarkozy from benign socialism to rapacious capitalism a great story. He recommended buying a France exchange-traded fund.
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