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Jim Cramer: Buy Time Warner When it Drops Even if Fox Will Not


TheStreet's Jim Cramer asks how many times can 21st Century Fox say that they are not going to make another bid for Time Warner in one earnings call. Cramer says investors own 21st Century Fox because of it's cable earnings and film earnings. Cramer thinks that the stock is terrific buy although it just moved 10% and Cramer never tells people to buy a stock after it goes up 10%. Cramer would however like to buy Time Warner down 10% because he thinks Time Warner CEO Jeffrey Bewkes will take the stock back to where it was. Cramer does posit however that this may take eighteen months or even two years.