Jim Cramer's Best Blogs
Apple could partner with Verizon (VZ) on Fios, just write them a check. Hey, they split Verizon wireless with Vodaphone. Why not split Fios with Verizon? Think about it. The telco giant gets no real credit for running Fios throughout major portions of this country. Why not cut Verizon a check for $65 billion now that it is built out and take half. Verizon couldn't be unhappy with that. Its whole equity is valued at only twice that.
Or, maybe, just maybe, Apple spends a $32 billion (again, chump change) and pays Dish Network $33 billion, a double from the current price and then takes the rest of the money and makes sure the satellite feed is good enough for voice and data and then gives you a package that has what you want for say half of what you are paying now?
Wouldn't Congress want that?
Wouldn't you want that?
Maybe the issue with the challenge from David Einhorn is that it is just too pedestrian.
We have been thinking that CEO Tim Cook can't roll the cable companies the way Jobs rolled the record companies. But maybe because Apple and Apple only, has the cash to do all of these initiatives, it just doesn't matter.
Maybe, David Einhorn, maybe Apple snickerers, cash is still king. And the king lives in Cupertino.
Action Alerts PLUS , which Cramer co-manages as a charitable trust, is long AAPL.
Stick With Quality in Energy
Posted at 6:10 a.m. EST on Thursday, Feb. 7
It happened again. Another master limited partnership secondary and another win.
This time it is Enterprise Product Partners (EPD) with an 8-million-share secondary priced at $54.56, a deal where about a dozen execs and board members so far have filed that they participated in, all with sizable amounts.
Of course the money will be used to pay down debt so the company can expand once again.
Enterprise Product Partners may be among the shrewdest oil companies in the land. It has major pipe coming in and out of all the important shales: Eagle Ford, Permian, Haynesville, Barnett and Marcellus. It is the pipeline company that has just about the best exposure to the huge petrochemical refineries that crave the natural gas liquids feedstock.
It transports an astounding 4.3 million barrels of natural gas liquids, oil, refined product and petrochemicals a day. And it pays 66 cents per unit each quarter, just giving you a 6.5% increase.
Like many of the mlps, Enterprise can't lay down pipe fast enough, even as its vast network would seem to have pretty much every important field but the Bakken covered.
Enterprise is the outfit that with Enbridge is trying to alleviate the Cushing glut that is causing the bizarre dichotomy between the low West Texas price and the high Brent price. These two companies are already pumping 400,000 barrels a day out of Cushing using the Seaway pipe, which, if you recall, used to go the other way but now that there is so much oil going into Cushing there's no room for the stuff. But there's so much more oil that Enterprise is expanding that pipe at a voracious pace.