Comcast (CMCSA)'s Reported Bid For Warner Bros. Is Good, According to Jim Cramer

We recently published 11 Stocks Jim Cramer Shared His Insights On.  Comcast Corporation (NASDAQ:CMCSA) is one of the stocks Jim Cramer discussed.

Comcast Corporation (NASDAQ:CMCSA) came up during the show as Cramer and his co-hosts discussed media reports of the firm having submitted a bid to acquire Warner Bros. Discovery. With the media industry on watch for the bid’s outcome, Cramer has discussed Comcast Corporation (NASDAQ:CMCSA) several times in his morning appearances. Cramer primarily discusses the firm’s price-to-earnings multiple, and in this appearance, he discussed it again in the context of Comcast Corporation (NASDAQ:CMCSA)’s financial performance and the media reports:

“The idea that Comcast is interested is very good, because it shows that Comcast is willing to shuffle the deck. . .

“A stock that trades at five times earnings is a stock where the earnings are about to be cut in half. That’s what happens. . .historically, that just says you’re not going to make your numbers. But, if you decide to take action, and show that you’re not happy with that and I’m talking about bold action, then you’re going to get a multiple.”

Here is what the CNBC TV host said about Comcast Corporation (NASDAQ:CMCSA) on November 13th:

“Look, my advice to Comcast, not that that matters, has ever mattered, but the stock has bottomed ever since you started talking about this. Now most of the stocks in the S&P have bottomed at 4.75, that’s exactly where it bottomed. No one else has come under five for P/E, but that stock has, since you started talking about them, doing something. People are beginning to take a look at it and I think that’s important to point out, and I do have a lot of stock, whatever.”

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Disclosure: None. This article is originally published at Insider Monkey.