MAD MONEY FEATURES
PODCASTSWatch the Lightning Round whenever and wherever you want.
OFFICIAL MAD MONEY WIDGETGrab this all-in-one application and get recaps of the show sent right to your desktop or blog.
CRAMER'S SOUNDBOARDAdmit it: You’ve always wanted to hit the “They know nothing!” button. Here’s your chance.
CRAMER QUICK PICSCheck out the Mad Money host on set, back to school, behind the scenes and more.
VIDEOSGet all your favorite Cramer clips right here.
SHOP FOR MAD MERCHANDISEBuy Cramer books, bobbleheads and other Mad Money merchandise.
RING TONESPick up the phone! It’s Cramer! New Mad Money sounds for your cell phone.
TEXT MESSAGE ALERTMad Money’s mobile. Get show highlights sent to your phone.
 |
But not all his theses have been working. His favorite developing-world wireless names are down a collective 12% since he starting making his calls back on Feb. 25. Apparently, consumers in these countries are picking food over cell phones if given the choice. What can you expect in the middle of a world famine?
Mobile Telesystems [MBT
Loading...
()
] and Vimpel Communications [VIP
Loading...
()
] in Russia, Millicom International [MICC
Loading...
()
] in Africa, Asia and Central America, Telkom Indonesia [TLK
Loading...
()
] and Turkcell [TKC
Loading...
()
] for Turkey and Ukraine all have watched competition nibble away at their market share. What Cramer thought was a near endless supply of as yet unconnected customers turned out to be zero sum game. The ensuing price wars with smaller firms left these giants wounded.
Two in particular, though, took a real shellacking: Telkom Indonesia and Turkcell. Overeager regulators added to the problems caused by competition and knocked these stocks down about 31% each.
Since there’s no good spin to put on the situation, Cramer recommended investors dump Telkom and Turkcell immediately. The rest – MBT, VIP, MICC – should be sold on any strength.
Questions for Cramer?
Questions, comments, suggestions for the Mad Money website?
Del.icio.us
Digg It
Data is a real-time snapshot *Data is delayed at least 15 minutes