Jim Cramer: Apple should buy Twitter or Netflix to spur growth

“After hedge fund manager David Einhorn defended his proposal on CNBC that Apple offer current shareholders perpetual preferred stock to deliver value and put their cash to work,” Paul Toscano reports for CNBC. “Jim Cramer’s immediate reaction was to ask, ‘What the heck was he talking about?'”

“‘This is a great intellectual exercise and a novel idea, but I have a lot of novel ideas that would actually move the stock up because it would increase the growth rate,’ Cramer said,” Toscano reports.

“He suggested that his ‘novel’ ideas to spur growth for Apple included a major acquisition, such as Twitter or Netflix, given their large cash position,” Toscano reports. “‘I want growth, I’m sorry, I’m a traditional investor,’ said Cramer. ‘I have a suggestion for him: You can always sell the stock. If you don’t like what they’re doing, you can sell it.'”

Read more in the full article here.

[Thanks to MacDailyNews Readers “Fred Mertz” and “David E.” for the heads up.]

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38 Comments

        1. NO. It serves a critical aspect of internet communication, and as such, if not Twitter, then some evolution of it in the future will exist as long as smart phones as well as the internet does.

          Apparently, you don’t understand what twitter is.

  1. Maybe Twitter, But why would they buy Netflix? Netflix is only useful if it’s media access deals are permanent. As soon as Apple owns Netflix, the deals will begin to be affected mostly in less favorable fashion. But Apple should consider buying Duck Duck Go search engine.

    1. Agree, not to mention. How much money are these growth companies making? Heck, why doesnt he suggest buying Amazon. In 3300 years of earnings, Apple will get their money back. Ahhhh

  2. Jim Cramer is as crooked as a country mile. He admitted manipulating stock when he was a hedge fund manager. Jon Stewart called him on it, and it was sweet to watch Cramer shut up for a change. If you can handle the sleaze, look up his old interviews on Youtube, where he brags about his manipulation prowess. He pumps and dumps stock for gain, AAPL is no exception. His disclosures are incomplete, only referring to his charitable trust holdings. Despicable.

  3. Apple can certainly be better than Netflix with all those data centers coming on-line and all those credit card accounts Apple is holding. Heck, Netflix even has to depend upon Amazon’s servers and the company is supposedly competing against Amazon. How crippling is that? If Apple ever had any intentions of buying Netflix it would have bought it months ago before Netflix reached these current ridiculous share price levels.

    I would like to see Apple grab a search engine as use it to make sideline revenue. I tried Duck Duck Go recently, but I don’t see anything that unusual about it that would draw users to it. It’s just like Bing. Bing is nice, but it still doesn’t have indexed what Google has. I’d just like to see Google shareholders sweat a bit if it starts to lose more ad revenue. No way Google is truly worth $300 a share more than Apple based on profits.

    Einhorn isn’t going to sell the rest his Apple holdings because he’s already in too deep. His fund would probably take a huge loss. I think hedge funds have to keep at least one foot on solid ground while mucking about with vapor-based stocks like Netflix and Amazon.

  4. Somebody has a big mouth and does not know as much as he sounds like he knows.
    As one of those, I think Apple should buy Clearwire and build out the national network.

    1. Clearwire, to put it simply, sucks. Their approach to customer service is diametrically the opposite of Apple’s.

      Let Microsoft buy them. They’re neighbors in the Seattle area anyhow.

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