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

CMCSA +0.83%

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. . .

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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.