Crazy Shouting Money Guy Mad At Take-Two
When not rocking out with the Sign of the Beast, Mad Money guru and high-risk cardiac event candidate Jim Cramer screams at you about money from the television.
But yesterday, Cramer added "screaming at you about video game company money" to his list of things to scream about. Specifically, Cramer took Take-Two chairman Strauss Zelnick to task for turning down EA's $25-per-share offer, which looks sweet compared to today's opening price of $13.15.
I don't know a lot of gamers who wish EA had bought T2, but I'm sure T2 shareholders feel differently. Cramer sure does:
[EA's offer was] an offer no sane man can refuse. But Strauss Zelnick, Take-two's chairman did just that...Welcome to the Wall of Shame, Strauss Zelnick. You managed to take a sure thing, a $25 stock and turn it into a $13 one. That takes talent.
Personally, I prefer Suze Ormond, who wouldn't have had anything less negative to say but would at least have been sickeningly sweet about it. Thank heavens for considerate fiscal lesbians who don't shout.
Mad Money's Cramer Adds Take-Two's Zelnick to Wall of Shame [GamePolitics]
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Posted to Hot Stuff, Miscellany on 21 October 2008
· Comments (3)
Other stuff like this: jim cramer, mad money, strauss zelnick, t2, take-two, takeover
And least with Suze Orman you get much more easily understandable advice.
Personally, I couldn't be happier that T2 turned down EA's offer. EA would ruin them.
Maybe the decision wasn't based on money and was based on retaining creative freedom and rights over what they own?
It was more then likely a money thing but I like to think it was the previous statment. Not every decision is based around money especially in a creative industry. So this guys rating (who ever he is) is based on something he is looking at from a very narrow point of view.