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The stock was at approximately 4.5 so we will be looking for 9 dollars by March 2008. Since that call, we're currently sitting on an 11% return of which about 8% came from the first day after Cramer's initial recommendation. ...see Chart...

 

Submitted: Aug 7, 2007    Views: 569    Comments: 2    Likes: 2   


View Article: http://www.stocktagger.com/2007/08/jim-cramer-accuracy-of-level-3.html


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Comments Received:

VictorWu

Cramer is mistaken to believe that Level 3 is the best play on a bandwidth shortage. First, there is still no dark fiber shortage. Second, the play that Cramer is really speaking about when he keeps tying YouTube to Level 3 is faster and greater availability for streaming content distribution. The play on that is Akamai which will always outperform Level 3.

Posted: Aug 8, 2007

Marc Jordan
(Unregistered)

Well, here we are in March 2008. The stock, whoch I purchased on the advice of Cramer, is now below $2.

So much for the wisdom of Cramer.

Posted: Mar 17, 2008



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