Crammer is wrong 90% of the time. The only thing you can listen to that comes out of his mouth is buy high yielders. If you invested in all his worthless recommendations you would be dirt poor.
He is a loveable clown and that is about it. He got lucky once and made some money. He is now just a funny man with a big mouth.
Why does anyone care what Cramer has to say about anything? The nicest thing one can say about him is that he is a clown. Probably a less flattering yet possibly more accurate description would characterize him as a market manipulating criminal.
And if Intel had the P.E. of ARMH (260+/-) it would be well over $500! If were just 1/10 of the ARMH P.E. it still makes Intel $55 per share. Pretty incredible. Don't forget that the yearly earnings of ARMH are less than what Intel earns in a few weeks. The rush to capture the smartphone/tablet market is small compared to the market share that Intel already enjoys in the server/laptop/notebook/SSD/MOB's...Here is what even Cramer had to say about his own recomendation:
"While some on Wall Street are worried about ARM Holding's seemingly high valuation, Cramer thinks there’s plenty of room to the upside. He thinks the name is a buy and suggests “nibbling” at the stock ahead of Microsoft’s analyst meeting.
“This is one of those cases where the market opportunity is so much bigger than the stock’s current market capitalization, you have to hold your nose and pay up,” he said.