On Friday, Priceline inked a deal to buy OpenTable for $103 a share, and Jim Cramer says developments are chock full of subtle messages.
The first takeaway, Cramer says, involves the 46 percent premium that Priceline was willing to pay. "I conclude that once again, the public market is not properly valuing stocks; that they hold far greater relative value." That's a concept Cramer bridged at great length on Mon., June 9.
Another takeaway involves just how rapidly Cramer thinks the mobile revolution has advanced. Some 41 percent of OpenTable's business is done on mobile, Cramer said, and he only sees those percentages growing over time. That's ultimately what Cramer thinks Priceline is after. "The acquisition creates a centralized place to book planes, hotels and now restaurants, in a world that's constantly on the move."